This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
The Utah Conditional Limitation of Tenant Liability Good Guy Provision, also known as the Utah Good Guy Clause, is a legal provision designed to protect commercial tenants by limiting their liability in certain circumstances. This provision is applicable to commercial lease agreements in the state of Utah. The Good Guy Provision operates as follows: if a tenant intends to terminate a lease early, they can do so without incurring any further liability under the lease, as long as they meet certain conditions. These conditions typically include giving the landlord advance notice, maintaining the premises in good condition, and continuing to pay rent until a replacement tenant is found. This provision is particularly beneficial for tenants who want flexibility in their lease agreements, as it allows them to exit the lease early without facing financial penalties. By fulfilling the conditions laid out in the Good Guy Provision, tenants can avoid potential lawsuits and damage to their credit scores. In Utah, the Good Guy Provision may be incorporated into various types of leases, including retail leases, office leases, and industrial leases. Each type of lease may have specific requirements and variations of the Good Guy Clause, so it is important for both landlords and tenants to carefully review and understand the terms of their lease agreements. Commercial tenants in Utah should be aware that the Good Guy Provision is not automatically included in lease agreements. It is typically negotiated between the landlord and tenant and must be explicitly stated in the lease contract. Keywords: Utah, Conditional Limitation of Tenant Liability, Good Guy Provision, commercial lease agreement, legal provision, commercial tenants, liability, terminate lease, advance notice, maintain premises, pay rent, replacement tenant, flexibility, financial penalties, lawsuits, credit scores, retail leases, office leases, industrial leases, variations, negotiate.
