Guam Breaches of Lease Terms

State:
Multi-State
Control #:
US-OG-783
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

This could be a substantial amount of money if you leave several months before your lease ends. Your landlord will probably first use your security deposit to cover the amount you owe. But if your deposit is not sufficient, your landlord may sue you, probably in small claims court where the limit is $5,000 in Maryland.

A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract. The breach could be anything from a late payment to a more serious violation, such as the failure to deliver a promised asset. A contract is binding and will hold weight if taken to court.

Plaintiff, suing for breach of contract, must prove that the defendant indeed did breach the terms of their initial agreement. The plaintiff must have followed the contract themselves at all times. The plaintiff must have notified the defendant of the breach before proceeding with a lawsuit.

A breach of lease is when the landlord or tenant breaks one of the provisions set out in the lease document. However, even when one person breaches the lease, the other party still has a number of rights.

As a result, the default remedy available for a breach of contract is monetary damages. Generally, these damages are limited to what is listed in the contract and, unlike damages from tort cases, courts do not award punitive damages for breaches of contract.

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Guam Breaches of Lease Terms