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A long lease (in longum tempus) must be notarially executed and registered against the title deed of the leased property. This is a lease for a period of not less than ten years, on which has been computed for the natural life of the lessee. This includes a lease which is renewable from time to time at the will of the lessee indefinitely.
The agreement provided that, in the event of non-payment of rent, or the breach of any condition of the lease, the lessor would be entitled to cancel the lease and retake possession of the premises. When the supermarket failed to pay the rental for the month of December 1995, Ntshiqa cancelled the lease agreement and instituted action for the ...
Some lease agreements require the tenant to complete such a certificate or to waive their responses by allowing the landlord to complete the estoppel certificate under certain circumstances. [ 7 ] If the language in the lease so provides, a tenant can be in default under a lease after failing to comply with a request from the landlord for an ...
Below is a list of documents you typically need for a lease buyout title transfer: Valid photo ID. Completed car title and registration application form. Signed and notarized car title, including ...
Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
In terms of clause 3 of the memorandum, rental was payable in advance on the first day of each month, failing which the lessor was entitled summarily to cancel the lease. On October 8, the applicant sent a letter to DRE enclosing a cheque for the amount requested and advising DRE that the memorandum would be signed and returned after its ...