This office lease clause states that the tenant shall be entitled to a conditional rent credit against each monthly installment of fixed rent payable during such rent credit period, but during such rent credit period the tenant shall otherwise be required to comply with all of the other terms, covenants and conditions of this lease on the tenant's part to be observed and performed, including but not limited to, payment of any increases in fixed as long as the tenant is not in default.
A Guam Rent Abatement Clause Providing for a Landlord Remedy and Damages is a legal provision in a lease agreement that allows a landlord in Guam to seek remedies and damages when certain specified events occur, resulting in the abatement of rent. This clause provides a specific framework for resolving disputes and ensuring tenants fulfill their obligations while protecting the landlord's interests. In Guam, there are several types of Rent Abatement Clauses that landlords may include in lease agreements, depending on the specific circumstances they wish to address: 1. Non-Payment Clause: This type of Rent Abatement Clause allows the landlord to abate or suspend rent if the tenant fails to pay rent within a specified time frame. It outlines the consequences and procedures for resolving non-payment disputes, such as issuing a notice to the tenant or initiating eviction proceedings. 2. Maintenance and Repair Clause: This type of clause allows a landlord to abate rent when the tenant fails to fulfill their responsibility in maintaining and repairing the leased property. It specifies the tenant's obligations regarding property upkeep and clearly outlines the landlord's right to withhold rent until necessary repairs are made. 3. Health and Safety Clause: This clause addresses situations where the property becomes unsafe or hazardous due to the tenant's actions or negligence. It provides the landlord with the right to abate rent if health and safety concerns are not promptly addressed by the tenant, ensuring a safe living environment for all parties involved. 4. Breach of Covenant Clause: This type of Rent Abatement Clause covers a broader range of breach of lease obligations. It may include violations such as subletting without permission, unauthorized modifications, or illegal activities on the leased property. In case of breaching the agreed terms, rent abatement can be implemented until the issue is resolved. Landlords in Guam include Rent Abatement Clauses in lease agreements to protect their rights and minimize potential financial losses. These clauses ensure that tenants fulfill their responsibilities and encourage prompt resolution of disputes. It is essential for both landlords and tenants to understand and abide by these provisions to maintain a harmonious landlord-tenant relationship and adhere to Guam's rental laws.
