This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
One relevant type of Arizona Standard Provision used when delivery of the premises is delayed is the "Force Mature" clause. This clause is commonly included in lease agreements and addresses circumstances beyond the control of either party that may cause a delay in the delivery of the premises. It protects both the landlord and the tenant from liability or damages in the event of unforeseen events such as natural disasters, acts of God, labor disputes, or government actions that significantly impact the ability to deliver the premises on time. Another type of Arizona Standard Provision used in such cases is the "Time is of the Essence" clause. This provision emphasizes the importance of timely delivery of the premises and ensures that both parties understand the critical nature of adhering to agreed-upon timelines. It states that failure to deliver the premises within the specified time may result in consequences, such as financial penalties, termination of the lease agreement, or potential legal action. In addition, the lease agreement may include specifics about the remedies available to the tenant or landlord if the premises' delivery is delayed. These remedies may include granting the tenant an extension of the lease term equal to the delay, compensating the tenant for any expenses incurred due to the delay, or providing alternate temporary space until the premises are available for occupancy. It is essential for landlords and tenants in Arizona to carefully review and negotiate these provisions when entering into a lease agreement. By including clear and detailed language regarding the delivery of the premises, both parties can minimize potential disputes and ensure a smooth transition into occupancy. It is recommended to seek legal advice to understand the specific implications and limitations of these provisions based on the unique circumstances of the lease agreement.One relevant type of Arizona Standard Provision used when delivery of the premises is delayed is the "Force Mature" clause. This clause is commonly included in lease agreements and addresses circumstances beyond the control of either party that may cause a delay in the delivery of the premises. It protects both the landlord and the tenant from liability or damages in the event of unforeseen events such as natural disasters, acts of God, labor disputes, or government actions that significantly impact the ability to deliver the premises on time. Another type of Arizona Standard Provision used in such cases is the "Time is of the Essence" clause. This provision emphasizes the importance of timely delivery of the premises and ensures that both parties understand the critical nature of adhering to agreed-upon timelines. It states that failure to deliver the premises within the specified time may result in consequences, such as financial penalties, termination of the lease agreement, or potential legal action. In addition, the lease agreement may include specifics about the remedies available to the tenant or landlord if the premises' delivery is delayed. These remedies may include granting the tenant an extension of the lease term equal to the delay, compensating the tenant for any expenses incurred due to the delay, or providing alternate temporary space until the premises are available for occupancy. It is essential for landlords and tenants in Arizona to carefully review and negotiate these provisions when entering into a lease agreement. By including clear and detailed language regarding the delivery of the premises, both parties can minimize potential disputes and ensure a smooth transition into occupancy. It is recommended to seek legal advice to understand the specific implications and limitations of these provisions based on the unique circumstances of the lease agreement.
