This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
Nassau New York Conditional Limitation of Tenant Liability Good Guy Provision
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Multi-State
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Nassau
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US-OL14035
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FAQ
The term 'make good' refers to a tenant's obligation to restore a property to its original condition before the lease ends. In the context of the Nassau New York Conditional Limitation of Tenant Liability Good Guy Provision, this means addressing damages or cleaning requirements outlined in the lease. This provision helps protect landlords while providing tenants a structured way to fulfill their responsibilities. Understanding this concept is crucial for both tenants and landlords managing their expectations.
UCTA does not relate to any contract so far as it relates to the creation or transfer of an interest in land i.e. leases and transfers; this carve out is retained in CRA.
Other leasehold repair terms "Good tenantable repair" has been held to be such repair as, having regard to the circumstances of the property, would make it reasonably fit for the occupation of a reasonably minded Tenant of the class who would be likely to take it.
Diplomatic clause Such a clause protects the tenant in the event that he cannot stay in Singapore anymore (e.g. if he is transferred out of Singapore or if his company terminates his employment during the tenancy).
This is the reason why including a diplomatic clause in your rental agreement is crucial. The diplomatic clause is only applicable to expats in Singapore, and not Singaporeans. Tenancy agreements in Singapore for two years is likely to include a diplomatic clause.
drafted lease should contain a clause that governs 'overholding' (also referred to as 'holding over'), the term used to describe staying beyond the termination date of the lease. An overholding clause does not provide permission to a tenant to stay beyond the end of the lease.
over clause in a commercial lease typically provides that if a tenant remains in possession of the leased premises after the expiration of the stated lease term, the tenant must pay rent to the landlord in an amount substantially in excess of the rental rate at the end of the term often as high as 150 percent
You could face some hefty fees Landlords are running a business, and they're not usually in a hurry to give up the financial terms of this contract. As a result, breaking a lease usually comes with a fine. Sometimes the fine is equal to one or two month's rent.
Adjective. tenantable (comparative more tenantable, superlative most tenantable) (of a property) Fit to be rented; in a condition suitable for a tenant.
Diplomatic clause. A diplomatic clause is a clause that allows the tenant to terminate the lease before the lease term expires without having to suffer any penalty. In cases where there is no diplomatic clause, the tenant may be required to continue to pay the agreed monthly rent even if he is no longer living there.
