This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
Hawaii Standard Provision Used When Delivery of the Premises Is Delayed is a contractual clause commonly found in lease agreements in the state of Hawaii. This provision serves to outline the rights, responsibilities, and potential remedies for both landlords and tenants in the event of a delay in the delivery of the premises. One type of Hawaii Standard Provision Used When Delivery of the Premises Is Delayed is the "Force Mature Clause." This clause addresses unforeseen circumstances or events beyond the control of either party, such as natural disasters, labor strikes, or government actions, which may cause delays in the delivery of the premises. It states that if such events occur, neither party will be held responsible for the delay, and the lease commencement date will be adjusted accordingly. Another type of Hawaii Standard Provision Used When Delivery of the Premises Is Delayed is the "Remedy and Compensation Clause." This clause provides guidelines for how the landlord should compensate the tenant for any rental expenses, damages, or losses incurred due to the delayed delivery of the premises. It may specify a daily or monthly compensation amount, or outline other forms of compensation to be provided. Furthermore, the "Alternative Accommodation Clause" is another type of Hawaii Standard Provision Used When Delivery of the Premises Is Delayed. This clause details the tenant's rights to alternative accommodation in the event of a delay. It stipulates that if the premises are not available by the agreed-upon date, the landlord must provide suitable alternative accommodation for the tenant until the premises are ready for occupancy. Additionally, the "Termination Clause" is a commonly included provision when discussing the delayed delivery of the premises. This clause allows either party, landlord or tenant, to terminate the lease if the delivery of the premises is significantly delayed beyond a specified grace period. It generally outlines the procedure for terminating the lease and any associated penalties or fees. Overall, these various types of Hawaii Standard Provisions Used When Delivery of the Premises Is Delayed provide a comprehensive framework to protect the rights and interests of both landlords and tenants when faced with a delay in the delivery of the premises. It is essential for both parties to thoroughly understand and negotiate these provisions to ensure a fair and balanced lease agreement.
