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   What is an early termination clause in a residential lease agreement?

   • Within the realm of residential lease agreements, an early termination clause might look something like this: “In the event that the Tenant wishes to terminate this Agreement ahead of the agreed term, the Tenant must notify the Landlord in writing and pay an early termination fee equivalent to two months’ rent.

   Breaking Down Early Termination Clauses: What You Need to Know

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   Can a tenant terminate a lease early?

   • In lease agreements, an early termination clause might stipulate that a tenant can terminate a lease early, provided they give a two months’ notice and pay a termination fee equivalent to two months’ rent.

   Breaking Down Early Termination Clauses: What You Need to Know

   www.stripemgmt.com/blog/breaking-down-early-termination-clauses-what-you-need-to-know/

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   What is an early termination clause in a commercial agreement?

   • Under commercial agreements, early termination clauses often stipulate conditions relating to business performance. If a vendor does not meet a stipulated quota or sales target, for instance, the contract could be terminated early.

   Breaking Down Early Termination Clauses: What You Need to Know

   www.stripemgmt.com/blog/breaking-down-early-termination-clauses-what-you-need-to-know/

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   When can a lease be terminated?

   • EARLY TERMINATION CLAUSE. The Landlord will have the right, at any time after the 78th month of the Term including any further extension or renewal thereof, to terminate this Lease on 18 months’ written notice (the “ Termination Notice ”) to the Tenant, for any reason.

   EARLY TERMINATION CLAUSE Sample Clauses - Law Insider

   www.lawinsider.com/clause/early-termination-clause

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   What happens if a landlord breaches an early termination clause?

   • Penalties for breaching an early termination clause can significantly vary, ranging from financial penalties to legal injunctions. For instance, a landlord may retain the security deposit, demand immediate payment of all outstanding rent, or even take legal action to enforce the lease agreement.

   Perfecting the Art of Crafting an Early Termination Clause

   www.leasey.ai/resources/early-termination-clause/

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   How do you write an early termination clause?

   • When drafting an early termination clause, it is essential to include specific conditions under which the provision can be utilized. Specifying the reasons where the clause is applicable, such as violations of leasing rules or tenant’s long-term lease default, helps to prevent disputes later on.

   Perfecting the Art of Crafting an Early Termination Clause

   www.leasey.ai/resources/early-termination-clause/

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2. www.lawinsider.com › clause › early-termination-clauseEARLY TERMINATION CLAUSE Sample Clauses - Law Insider

   www.lawinsider.com › clause › early-termination-clause

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   EARLY TERMINATION CLAUSE. Tenant may, upon 30 days' written notice to Landlord, terminate this lease provided that the Tenant pays a termination charge equal to 2 months' rent or the maximum allowable...

   • Early Termination Option

     Unless an Event of Default under the Lease has occurred and...

3. www.stripemgmt.com › blog › breaking-down-earlyBreaking Down Early Termination Clauses: What You Need to Know

   www.stripemgmt.com › blog › breaking-down-early

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   Oct 10, 2023 · In lease agreements, an early termination clause might stipulate that a tenant can terminate a lease early, provided they give a two months’ notice and pay a termination fee equivalent to two months’ rent.

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5. www.leasey.ai › resources › early-termination-clausePerfecting the Art of Crafting an Early Termination Clause

   www.leasey.ai › resources › early-termination-clause

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   Jul 31, 2023 · An early termination clause, also known as a break clause, provides a mechanism for terminating a lease or rental agreement prematurely. This provision can serve as a safety net for landlords and property managers when a tenant breaches the contract or other unforeseen events.

6. afterpattern.com › clauses › early-termination-rightExamples of early termination right clauses in contracts ...

   afterpattern.com › clauses › early-termination-right

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   Early termination right clause samples. On August 4, 2020, the EmeryStation landlord provided written notice to the Company pursuant to the amendment to the EmeryStation lease described above that it is exercising its early termination right. Therefore, both the EmeryStation lease and the Sublease Agreement will terminate as of August 31, 2020.

7. www.allpropertymanagement.com › blog › postGuide to the Early Termination of Lease Agreements | APM

   www.allpropertymanagement.com › blog › post

   Mar 5, 2024 · What to Include In an Early Termination of Lease Clause with an Early Termination Fee. Work with your lawyer to develop a solid early termination of lease clause. Some points you may want to address include: Minimum notice for a tenant to request an early termination of lease (typically 30-60 days)

8. www.lawinsider.com › clause › early-termination-optionEarly Termination Option Sample Clauses - Law Insider

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   Unless an Event of Default under the Lease has occurred and is continuing, Lessee may, upon not less than sixty (60) but no more than one hundred eighty (180) days prior notice to Lessor, exercise the Early Termination Option on a Rental Payment Date specified in such notice, provided that a Lessee that is a Government Body may only exercise ...

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

   falconlawyers.ca › breaking-a-commercial-lease-in

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   May 30, 2024 · 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.