This office lease form is a standard default remedy clause, providing for the collection of the difference between the rent due and owing under the lease and the rents collected in the event of mitigation.
Arizona Default Remedy Clause
Category:
State:
Multi-State
Control #:
US-OL14031
Format:
Word;
PDF
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Description
How to fill out Default Remedy Clause?
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FAQ
Remedies for Breach of Contract If a breach of contract occurs, then the injured party may be offered a remedy in the form of legal remedies, or money damages, equitable remedies, or restitution by Arizona courts.
B. The landlord or the tenant may terminate a month-to-month tenancy by a written notice given to the other at least thirty days prior to the periodic rental date specified in the notice.
Unless there is a three-day right of rescission written expressly into the contract, there is no three-day right of rescission or ?cooling-off? period under Arizona law.
47-2725 - Statute of limitations in contracts for sale. A. An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
5 Common Remedies for a Breach of Contract #1. Compensatory Damages. Compensatory damages are the most common damages awarded in breach of contract cases. ... #2. Liquidated Damages. ... #3. Rescission. ... #4. Specific Performance. ... #5. Injunction. ... Have a Contract that has Been Breached? We Are Here to Help.
This includes payment for monetary losses, property damage, lost revenue, reputation tarnishment, and more. Arizona law, specifically ARS 12-341.01 allows a plaintiff to collect attorney's fees related to a breach of contract claim. However, it also allows the defendant to collect attorney's fees if they win the case.
§ 33-1324(A)(1)); Maintain all appliances must be in working order (A.R.S. § 33-1324(A)(4)); and. Provide running water, reasonable amounts of hot water, and heating and air-conditioning when required by the weather (A.R.S.
Defenses that may excuse a breach of contract include duress, fraud and misrepresentation, mistake, lack of consideration and the statute of frauds.
