This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
Maine Conditional Limitation of Tenant Liability Good Guy Provision
Category:
State:
Multi-State
Control #:
US-OL14035
Format:
Word;
PDF
Instant download
Description
How to fill out Conditional Limitation Of Tenant Liability Good Guy Provision?
Are you inside a place that you need papers for either enterprise or person uses almost every day? There are a lot of legal file layouts available on the net, but finding versions you can rely is not straightforward. US Legal Forms offers a huge number of form layouts, just like the Maine Conditional Limitation of Tenant Liability Good Guy Provision, that happen to be published to fulfill federal and state specifications.
Should you be presently informed about US Legal Forms website and have your account, merely log in. Following that, you are able to download the Maine Conditional Limitation of Tenant Liability Good Guy Provision web template.
Unless you provide an bank account and want to start using US Legal Forms, adopt these measures:
- Obtain the form you want and ensure it is to the correct area/county.
- Use the Preview option to examine the form.
- Browse the outline to ensure that you have selected the appropriate form.
- When the form is not what you are trying to find, make use of the Research field to find the form that meets your needs and specifications.
- When you find the correct form, simply click Get now.
- Select the prices program you would like, complete the required information and facts to produce your money, and pay money for your order utilizing your PayPal or charge card.
- Pick a practical paper format and download your backup.
Discover each of the file layouts you might have purchased in the My Forms menu. You may get a extra backup of Maine Conditional Limitation of Tenant Liability Good Guy Provision whenever, if required. Just go through the needed form to download or print out the file web template.
Use US Legal Forms, by far the most considerable variety of legal kinds, to save lots of some time and steer clear of errors. The assistance offers professionally produced legal file layouts that can be used for a selection of uses. Create your account on US Legal Forms and initiate creating your lifestyle easier.
Form popularity
FAQ
2. Scope: The scope of a good guy guarantee is typically limited to unpaid rent and damages that occur before the tenant vacates the property. In contrast, the scope of a personal guarantee is broader and covers all aspects of the lease agreement, including rent payments, damages, and other obligations.
A limitation of liability clause is a contractual provision that restricts the type and amount of liability that one party (the offending party) assumes when it directly or indirectly causes another party (the injured party) to experience losses in connection with their contractual relationship.
A limitation of liability clause limits the amount and/or types of damages that may be attributable to a particular party under the contract for that party's future breach or misconduct while performing under the contract.
Tenant's legal liability coverage is insurance for loss or damage of a property resulting from an action of a person renting space at that property. This insurance, when purchased by the tenant, pays for the cost of the loss or damage caused by the tenant.
A limitation of liability clause in a contract limits the amount of money or damages that one party can recover from another party for breaches or performance failures. In other words, the clause can put a cap on the number of damages the organization will have to pay under certain circumstances.
A Good Guy Clause, (?GGC?) is a lease provision typically found in commercial leases that allows a landlord to release a tenant from liability in the event the tenant does not complete the lease period.
You may have limits on your liability such as "Company will not be liable for more than $200 in the event of a breach," or "Company will not be liable for more than three times the yearly subscription fee."
A typical good guy guarantee requires a creditworthy tenant (usually principal in the tenant's business) to guarantee the rent obligations under the lease through the date the tenant surrenders the leased space back the landlord. Good guy guarantees in lease agreements are personal guarantees that are limited.
