This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
New Jersey Conditional Limitation of Tenant Liability Good Guy Provision
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US-OL14035
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FAQ
A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.
Grounds for good cause may sound obvious, but they include the following reasons: Failing to pay rent when due or owed. Disorderly conduct that disturbs the peace and quiet of neighbors. Tenant's gross negligence which has caused damage or destruction to the premises.
The reason for eviction can range from nonpayment of rent to violation of the lease terms, both of which require a Notice to Cease, as well as the charge for disorderly conduct. Below are the basic rules and regulations when it comes to evicting a tenant in New Jersey.
You'II need to let your landlord know in advance if you want to end your tenancy - this is called giving notice. You have to give notice in the correct way - if you don't, you might have to pay rent even after you've moved out. You might also have to pay other bills - for example, council tax.
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.
Notice to Terminate the Lease A month-to-month tenant must give written notice of lease termination at least one full month prior to moving. Most yearly leases require a 60 to 90 day notice from the tenants in order to terminate the lease.
No residential landlord may evict or fail to renew a lease, whether it is a written or an oral lease without good cause. The landlord must be able to prove in court that he has grounds for an eviction.
A Good Guy Guaranty provision secures a commercial lease by ensuring that the landlord regains possession of the leased property on a specific date, with the leased property being surrendered to the landlord in the condition required under the lease.
