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1. www.lawinsider.com › equipment-lease-terminationEquipment Lease Termination Sample Clauses - Law Insider

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   Termination of this Agreement for any reason does not automatically terminate your equipment lease, if applicable. Sample 1 Sample 2. Equipment Lease Termination. The Parties have previously entered into an Equipment Lease agreement dated June 6, 2019 (the “Equipment Lease”). Notwithstanding anything in the Equipment Lease to the contrary ...

2. noreastcapital.com › how-to-get-out-of-anTerminate Your Equipment Lease: Steps and Considerations

   noreastcapital.com › how-to-get-out-of-an

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   Aug 28, 2024 · Before you take any steps to terminate your equipment lease, the first thing you need to do is review your lease agreement. This document holds all the key information about your options for getting out of the lease. Cancellation Conditions: Check if your lease includes any conditions for cancellation. Some leases allow for termination without ...

3. falconlawyers.ca › breaking-a-commercial-lease-inBreaking a Commercial Lease in Canada: What You Need to Know

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   May 30, 2024 · Steps to Break a Commercial Lease. Review the Lease Agreement. Termination Clause: Check your lease agreement for a termination clause that outlines the conditions under which you can break the lease early. Notice Period: Understand the required notice period for early termination and any penalties that may apply.

4. www.contractken.com › termination-of-lease-clauseTermination of Lease Clause: Detailed definition - ContractKen

   www.contractken.com › termination-of-lease-clause

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   Equipment Lease Agreement: "Lessee may terminate this Lease with sixty (60) days' written notice if the Equipment becomes obsolete or Lessee's business needs change. Lessee shall return the Equipment in good condition and pay a termination fee equivalent to the lesser of three (3) months’ lease payments or 20% of the remaining lease term payments."

5. www.lawinsider.com › clause › termination-ofTermination of Equipment Lease Agreement Sample Clauses

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   Termination of Lease Should Landlord elect to terminate this Lease pursuant to the provisions of Sections 24.1 (a) or (c) above, Landlord may recover from Tenant, as damages, the following: (a) The worth at the time of award of any unpaid rental which had been earned at the time of the termination, plus (b) the worth at the time of award of the ...

6. volvoceblog.com › end-of-equipment-lease-checklistHeavy Construction Equipment End-of-Lease Checklist

   volvoceblog.com › end-of-equipment-lease-checklist

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   Feb 14, 2022 · If you’re a current VFS customer with a machine on lease, be sure to reference your Return Guidelines — and as always, feel free to contact us with any end-of-lease questions at (877) 865-8623, Ext. 4077, or remark@vfsco.com. By Volvo CE and Volvo Financial Services.

7. People also ask

   What happens if a lease is terminated?

   • Termination Fees: You may be required to pay termination fees as specified in the lease agreement. Rent Liability: You may be liable for rent until a new tenant is found or the lease term ends, whichever comes first. Legal Costs: Both parties may incur legal costs if the termination results in a dispute.

   Breaking a Commercial Lease in Canada: What You Need to Know

   falconlawyers.ca/breaking-a-commercial-lease-in-canada-what-you-need-to-know/

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   What is a mutual termination agreement?

   • Mutual Termination Agreement: Negotiate terms for a mutual termination agreement, which might include paying a termination fee or forfeiting the security deposit. Amendment to Lease: Agree on an amendment to the lease that specifies the terms of early termination.

   Breaking a Commercial Lease in Canada: What You Need to Know

   falconlawyers.ca/breaking-a-commercial-lease-in-canada-what-you-need-to-know/

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   Can a tenant break a commercial lease in Canada?

   • Breaking a commercial lease in Canada can be a complex and challenging process with significant legal and financial implications. Whether you are a tenant needing to end your lease early or a landlord dealing with a tenant who wants to break their lease, understanding your rights and obligations is crucial.

   Breaking a Commercial Lease in Canada: What You Need to Know

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   When should a lease be treated as an end?

   • Another right is to treat the lease as at an end where that is justified by a fundamental breach of the lease by the landlord. The recent decision of Kenny Alwyn Whent Inc. v J. Mao Dentistry Professional Corp. is an example of a situation where the tenant attempted to use this remedy.

   Fundamental Breach of Commercial Leases - McMillan LLP

   mcmillan.ca/insights/publications/fundamental-breach-of-commercial-leases/

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   How do I Break a commercial lease?

   • While the process of breaking a commercial lease can vary slightly across provinces, the general principles are similar. Always refer to local laws and regulations, and consult with a legal professional to ensure compliance.

   Breaking a Commercial Lease in Canada: What You Need to Know

   falconlawyers.ca/breaking-a-commercial-lease-in-canada-what-you-need-to-know/

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   What should I do if I Break a lease?

   • Notice Period: Understand the required notice period for early termination and any penalties that may apply. Assignment/Subletting: Determine if the lease allows for assignment or subletting, which can be an alternative to breaking the lease. Discuss Options: Openly communicate with your landlord about your situation.

   Breaking a Commercial Lease in Canada: What You Need to Know

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8. mcmillan.ca › insights › publicationsFundamental Breach of Commercial Leases - McMillan LLP

   mcmillan.ca › insights › publications

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   Fundamental Breach of Commercial Leases. Introduction. A typical commercial lease is not a balanced document in terms of rights and remedies for a breach of the lease. There will be long list of tenant defaults that will give the landlord a full range of remedies. This will include a right to enter the premises and terminate the lease for any ...