Tag Break Lease For Free

A forfeiture clause stipulates that should the buyer in a transaction fail to pay their monthly payment, the seller can reclaim the land that was sold. Additionally, any money already paid can be kept by the seller.

It says that forfeiture under section 111, clause (g), is waived by acceptance of rent which has become due since the forfeiture, or by distress for such rent, or by any other act on the part of the lessor showing an intention to treat the lease as subsisting.

Forfeiture means the lease can be terminated and the property revert to the freeholder. This could arise if the leaseholder breaches the terms of the lease. An example could be a failure by a leaseholder to maintain their flat.

Similar to other states, Maryland requires tenants to provide written notice for certain lease terms: Weekly Leases - One week of notice. Monthly Leases - One month of notice. Yearly Leases - Three months of notice. If the landlord is working with a farm tenancy, the period is extended to six months of notice.

?but the right to re-enter, as it is also known, will be reserved in nearly every lease, commercial or residential. Forfeiture allows a landlord either to peaceably re-enter a property or to apply to the court to retake possession of their property following a breach of the lease by the tenant.

Forfeiture & Relief From Forfeiture In other words, if a head-lease is forfeited, all its under- leases will also be terminated.

If either of the parties contravenes the conditions of the lease agreement, the contract can be terminated. For example, if the lessee conducts illegal activities on the premises of the lessor, the latter holds the right to cancel the contract and evict the lessee from the property.