This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
Wisconsin Standard Provision Used When Delivery of the Premises Is Delayed: A Comprehensive Overview Introduction: In Wisconsin, there are several standard provisions utilized when the delivery of premises is delayed in a contract. These provisions serve to protect the rights and interests of both the landlord and the tenant when unforeseen circumstances arise and hinder the timely delivery of the premises. This article aims to provide a detailed description of the various types of Wisconsin standard provisions used in such situations, along with relevant keywords associated with each provision. 1. Force Mature Clause: One commonly employed standard provision in Wisconsin is the inclusion of a force majeure clause in lease agreements or contracts. A force majeure clause acknowledges and provides for circumstances beyond the control of the parties that can cause a delay in the delivery of premises. Relevant keywords associated with this provision might include force majeure, unforeseen events, acts of God, natural disasters, epidemic/pandemic, government actions, or any other unavoidable events. 2. Termination and Remedies Clause: Another standard provision used in Wisconsin lease agreements is the termination and remedies clause. This clause outlines the rights and options available to both parties if the delivery of premises is substantially delayed. It may include provisions for termination of the contract, rent abatement, reimbursement for expenses incurred due to the delay, or other suitable remedies. Relevant keywords for this provision could include termination, remedies, rent abatement, reimbursement, compensation, or legal actions. 3. Notice Periods and Communication: To ensure transparency and effective communication between the landlord and tenant during delayed deliveries, Wisconsin standard provisions commonly incorporate clauses specifying notice periods. These clauses establish how and when the party experiencing the delay must notify the other party, allowing them to take appropriate measures. Keywords for this provision may include notice periods, communication, written notice, notice of delay, or reasonable time. 4. Mitigation Measures: Wisconsin lease agreements often include a provision regarding mitigation measures that both parties must undertake in the event of a delay in premises delivery. This provision outlines the steps the landlord and tenant should take to minimize the impact of the delay and facilitate the resumption of normal operations as soon as possible. Relevant keywords associated with this provision could include mitigation, alternative arrangements, temporary accommodation, temporary workspace, cooperation, or shared responsibilities. 5. Extension of Lease Term: In certain situations, a delayed delivery of premises might warrant an extension of the lease term to compensate for the lost time. Wisconsin standard provisions may address this aspect, outlining the conditions under which the lease term can be extended, the process for requesting an extension, and any associated costs or adjustments to rent. Keywords associated with this provision may include lease term extension, time compensation, lease modification, rent adjustment, or contract amendment. Conclusion: Wisconsin standard provisions employed when the delivery of premises is delayed provide crucial safeguards for both landlords and tenants. By incorporating force majeure clauses, termination and remedies provisions, notice periods, mitigation measures, and the possibility of extending the lease term, these provisions help maintain fairness and provide a roadmap for resolving issues arising from such delays. It is essential for parties entering into lease agreements in Wisconsin to carefully consider these provisions and seek legal advice if needed to ensure their rights and obligations are protected.
