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Courts have generally held that the notice be given within a "reasonable time" but not necessarily simultaneous with termination of the lease. For example, in North Bay T.V. and Audio Ltd. v Nova Electronics Ltd. Et Al., [9] a statement of claim about six weeks after the tenant terminated the lease was held to be within "reasonable time".
After receiving a letter in April of this year telling her to vacate or sign a lease agreement with Metropolitan Management Group, which manages the apartment complex for Hoya I, Fusco left her ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
An agreement with Denny, Mott & Dickson Ltd in 1929 said that they would buy wood from Denny, and lease a timber yard with the option to buy it or take a long lease on certain terms. The contract's first four clauses concerned the timber. Clause 5 provided for the contract's termination on notice by either party.
The landlord-tenant relationship is defined by existence of a leasehold estate. [4] Traditionally, the only obligation of the landlord in the United States was to grant the estate to the tenant, [5] although in England and Wales, it has been clear since 1829 that a Landlord must put a tenant into possession. [6]
A termination for convenience clause, or "T for C" clause, [1] enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract.
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