This office lease provision states that the landlord has the right to cancel the lease after the expiration of the first sixty (60) months of the initial term of the lease by giving the tenant at least one hundred and twenty (120) days prior notice of such cancellation.
South Dakota Simple Cancellation Provisions for Landlord In South Dakota, landlords have the option to include simple cancellation provisions in their rental agreements. These provisions provide both landlords and tenants with a straightforward process for terminating the rental contract under certain circumstances. Here, we will explore the different types of simple cancellation provisions landlords can utilize in South Dakota and discuss their relevance. 1. Tenant Notice of Cancellation: One type of simple cancellation provision for landlords in South Dakota is the Tenant Notice of Cancellation. This provision allows tenants to give written notice to their landlord when they wish to terminate the rental agreement. The notice period may vary but commonly ranges from 30 to 60 days, providing the landlord sufficient time to find a new tenant. 2. Landlord Notice of Cancellation: Landlords in South Dakota also have the option to include a Landlord Notice of Cancellation provision in the rental agreement. In this case, the landlord can terminate the lease by providing a written notice to the tenant. Again, the notice period might vary but is usually similar to that of the Tenant Notice of Cancellation, ensuring fairness to both parties. 3. Early Termination Agreement: An additional type of simple cancellation provision is the Early Termination Agreement. This provision allows landlords and tenants to mutually agree upon an early termination of the lease. It can be useful when the circumstances of either party change, making it necessary to end the tenancy before the agreed-upon lease term expires. 4. Termination for Cause: South Dakota's landlord-tenant laws also provide for Termination for Cause. This provision allows landlords to cancel the rental agreement if the tenant fails to uphold their obligations, such as non-payment of rent, violation of lease terms, or committing illegal activities on the premises. In such cases, the landlord can terminate the lease with written notice, typically by specifying a notice period for the tenant to correct the issue or vacate the property. These simple cancellation provisions empower landlords and tenants in South Dakota to terminate their rental agreements in a straightforward manner. By including these provisions in the rental agreement, both parties have clear guidelines on how and when the lease can be terminated. It's essential for landlords and tenants to carefully review and understand the specific provisions mentioned in their rental agreement to ensure compliance with South Dakota's laws and protect their rights.
