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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 ...
In February of 2023, the Staten Island Advance reported the NYCEDC sent CanAm Enterprises, which is a sponsor of EB-5 regional center projects, a notice of lease termination on February 2 effectively ending any further development of the NY Wheel. The NYCEDC will now issue a request for proposals (RFP) for a new different project to be built on ...
On October 29, 2022, J Centre Mall's management sent out a notice of pre-termination of lease contract to its tenants and indicating its closure on January 31, 2023. The mall's closure was attributed to difficulties stemming from the COVID-19 pandemic in the Philippines , where many brick-and-mortar stores faced stiff competition from online ...
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 rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
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