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.
Virgin Islands Simple Cancellation Provisions for Landlord
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US-OL24051B
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How to fill out Simple Cancellation Provisions For Landlord?
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FAQ
Notice Requirements: Both landlords and tenants must provide proper written notice of their intent to terminate the lease early, as specified in the lease agreement or ing to the provisions of the Rental Housing Act (Act 50 of 1999).
Section 21. In order to serve a valid S21, the landlord must have complied with a number of requirements - this includes providing a minimum of 2 months' notice.
Ing to the Rental Housing Act, landlords can terminate a lease early in certain circumstances, such as if the tenant has not paid rent or has otherwise breached the terms of the lease agreement.
Lease for an indefinite duration Any lease that is not entered into for a limited duration is a lease for an indefinite term. This lease is concluded for a minimum term and is tacitly renewed if neither party gives notice for the end of the term.
Both the landlord and tenant must give at least one month's notice to the other party when wanting to cancel the lease. (See Rental Housing Act 1999.) The Consumer Protection Act (CPA) gives additional rights to the tenant by allowing them to cancel the lease provided 20 business days' notice is given.
Non-excluded tenancy or licence Your landlord can end the let at any time by serving a written 'notice to quit'. The notice period will depend on the tenancy or agreement, but is often at least 4 weeks.
