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Texas
Austin
Conditional Limitation of Tenant Liability Good Guy Provision

Austin Texas Conditional Limitation of Tenant Liability Good Guy Provision

Category:

Landlord Tenant - Commercial Leases

State:

Multi-State

City:

Austin

Control #:

US-OL14035

Format:

Word;

PDF

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Description

This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.

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Interesting Questions

Is it common to have a good guy provision in Austin?

While it’s not universal, good guy provisions are becoming more popular in commercial leases in Austin. It’s worth asking your landlord about it and seeing if you can negotiate it into your agreement.

Are there risks in relying on a good guy provision?

Definitely! If you only rely on a good guy provision and don't read the fine print, you might miss out on understanding your rights and obligations. Always read the whole lease to be well-informed.

Can landlords refuse good guy provisions in Austin?

Yes, landlords are not obliged to include good guy provisions in lease agreements. It's all about what you and your landlord agree on, so be sure to have a chat about it before signing.

What happens if I break my lease in Austin?

Breaking your lease can be tricky. If you have a good guy provision, you might be able to walk away without much fuss. Otherwise, you could be on the hook for some rent until the landlord finds a new tenant.

How does conditional limitation of liability work?

Conditional limitation of liability is a fancy way of saying you might escape certain responsibilities if you meet specific conditions, like paying your rent on time or keeping the place in good shape. If you meet the 'conditions,' you're pretty much in the clear.

Does the good guy provision apply to all tenants in Austin?

No, not necessarily. The good guy provision is typically negotiated in the lease, so it might not apply to every tenant. It's best to check your lease agreement to see if it makes the cut.

What is a good guy provision in rental agreements?

A good guy provision is a clause that limits a tenant's liability for unpaid rent if they vacate the property in good standing. Simply put, if you're a decent tenant and leave the place clean and with notice, you're off the hook for some commitments.