Building Better Leases Series – Term: Delay in Possession

Building Better Leases Series – Term: Delay in Possession

Delay in Possession refers to the rights and duties of the Parties if the leased property is not delivered to the Tenant on the Commencement Date of the lease. This term protects the Landlord from being held responsible for a delay. There are various reasons for a...
Building Better Leases Series – Term: Definition

Building Better Leases Series – Term: Definition

The term refers to the period of time starting with the Commencement Date and ending with the Expiration date. It does not include any “Early Possession” period. Other terms included may be: Extension – moving the termination date of the current lease, typically for...
Building Better Leases Series – Term: Lessee Compliance

Building Better Leases Series – Term: Lessee Compliance

Many tenants put obtaining insurance low on the list of priorities when moving into a new building. The Lessee Compliance ensures that tenants are in fact covered by insurance. The Lessor can withhold possession of the Premises until such evidence is shown, so it’s...
Building Better Leases Series – No Right to Holdover

Building Better Leases Series – No Right to Holdover

A holdover tenant refers to a renter who remains in a property after the expiration of the lease. If the Landlord continues to accept rent payments, the holdover tenant can continue to legally occupy the property, and state laws and court rulings determine the length...

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