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.
In Wisconsin, Simple Cancellation Provisions for Landlords are legal provisions that allow the landlord to terminate a lease agreement under specific circumstances. These provisions provide flexibility and protection for landlords in various situations. Here, we will discuss the details of Wisconsin Simple Cancellation Provisions for Landlords, highlighting the different types and their importance. 1. Wisconsin Simple Cancellation Provision for Non-Payment: One common type of Simple Cancellation Provision in Wisconsin allows the landlord to terminate the lease if the tenant fails to make timely rent payments. As per state law, the landlord must provide a specific notice period before initiating the eviction process for non-payment. This provision ensures that landlords can regain possession of their property promptly in case of rent delinquency. 2. Wisconsin Simple Cancellation Provision for Lease Violations: Another type of Simple Cancellation Provision allows landlords to terminate the lease if the tenant violates certain terms and conditions outlined in the rental agreement. These violations can include unauthorized pets, excessive noise, property damage, or engaging in illegal activities. The landlord must provide the tenant with a written notice specifying the violation and allowing a curing period during which the tenant must rectify the issue. If the violation persists, the landlord may proceed with lease termination. 3. Wisconsin Simple Cancellation Provision for Holdover Tenants: A holdover tenant is someone who continues to occupy the rental property after the lease has expired without renewing it. In Wisconsin, a landlord can utilize a Simple Cancellation Provision to terminate the lease and regain control of the property. The landlord must provide a written notice to the holdover tenant, typically informing them of their violation and the termination date. 4. Wisconsin Simple Cancellation Provision for Sale or Conversion: In certain circumstances, a landlord may decide to sell the rental property or convert it to a different use, making it necessary to terminate the existing leases. Wisconsin's law allows landlords to include a Simple Cancellation Provision within the lease agreement, permitting the termination of the lease if such circumstances arise. This provision ensures that landlords have the flexibility to adapt to changing circumstances and make necessary changes to their property portfolio. In conclusion, Wisconsin Simple Cancellation Provisions for Landlords provide a legal framework for terminating lease agreements under specific circumstances. They serve to protect landlords' rights, allowing them to regain possession of their property in case of non-payment, lease violations, holdover tenancy, or the need for sale or conversion. Understanding these provisions is crucial for both landlords and tenants to ensure a fair and lawful rental relationship.
