This office lease clause states that the tenant shall be entitled to a conditional rent credit against each monthly installment of fixed rent payable during such rent credit period, but during such rent credit period the tenant shall otherwise be required to comply with all of the other terms, covenants and conditions of this lease on the tenant's part to be observed and performed, including but not limited to, payment of any increases in fixed as long as the tenant is not in default.
A rent abatement clause in Michigan refers to a provision within a lease agreement that allows for a reduction or suspension of rent payments by the tenant under certain circumstances. This clause is aimed at providing a remedy for the landlord and compensating them for damages caused by specific events or situations. In Michigan, there are different types of rent abatement clauses that can be included in a lease agreement. These clauses are designed to protect the landlord's interests and minimize the financial impact caused by unforeseen events. Here are some key types of rent abatement clauses commonly used: 1. Tenant-Induced Damages: This type of rent abatement clause addresses situations where the tenant is responsible for damages to the rental property. It allows the landlord to reduce or withhold rent payments to cover the cost of repairs caused by the tenant's negligence or intentional actions. 2. Property Maintenance: This clause enables the landlord to abate rent if the tenant fails to properly maintain the rental property as outlined in the lease agreement. It may cover regular upkeep and repairs to ensure the property remains in a habitable condition. 3. Force Mature Events: Rent abatement clauses can also be tailored to account for extraordinary events beyond the tenant's control, such as natural disasters, acts of terrorism, or government-mandated shutdowns. In such cases, the tenant may be entitled to a rent reduction or suspension for the duration of the event or until the property is restored to a habitable condition. 4. Constructive Eviction: This clause offers protection to tenants, allowing them to withhold rent if the property becomes uninhabitable due to conditions beyond their control, such as severe water damage, pest infestations, or significant health and safety hazards. The clause typically requires the tenant to provide notice to the landlord and allow a reasonable period for remediation before resorting to rent abatement. It's important to note that the specific terms and conditions of a rent abatement clause may vary depending on the lease agreement and negotiations between the landlord and tenant. Both parties should carefully review these clauses to ensure they understand their rights and obligations in different scenarios. Landlords in Michigan may find it beneficial to include rent abatement clauses in their lease agreements as it provides them with a legal remedy to recover damages and maintain financial stability in unforeseen circumstances. Tenants, on the other hand, should thoroughly understand these clauses to be aware of potential rent reductions or suspensions they may be entitled to or responsible for based on the terms of their lease agreement.A rent abatement clause in Michigan refers to a provision within a lease agreement that allows for a reduction or suspension of rent payments by the tenant under certain circumstances. This clause is aimed at providing a remedy for the landlord and compensating them for damages caused by specific events or situations. In Michigan, there are different types of rent abatement clauses that can be included in a lease agreement. These clauses are designed to protect the landlord's interests and minimize the financial impact caused by unforeseen events. Here are some key types of rent abatement clauses commonly used: 1. Tenant-Induced Damages: This type of rent abatement clause addresses situations where the tenant is responsible for damages to the rental property. It allows the landlord to reduce or withhold rent payments to cover the cost of repairs caused by the tenant's negligence or intentional actions. 2. Property Maintenance: This clause enables the landlord to abate rent if the tenant fails to properly maintain the rental property as outlined in the lease agreement. It may cover regular upkeep and repairs to ensure the property remains in a habitable condition. 3. Force Mature Events: Rent abatement clauses can also be tailored to account for extraordinary events beyond the tenant's control, such as natural disasters, acts of terrorism, or government-mandated shutdowns. In such cases, the tenant may be entitled to a rent reduction or suspension for the duration of the event or until the property is restored to a habitable condition. 4. Constructive Eviction: This clause offers protection to tenants, allowing them to withhold rent if the property becomes uninhabitable due to conditions beyond their control, such as severe water damage, pest infestations, or significant health and safety hazards. The clause typically requires the tenant to provide notice to the landlord and allow a reasonable period for remediation before resorting to rent abatement. It's important to note that the specific terms and conditions of a rent abatement clause may vary depending on the lease agreement and negotiations between the landlord and tenant. Both parties should carefully review these clauses to ensure they understand their rights and obligations in different scenarios. Landlords in Michigan may find it beneficial to include rent abatement clauses in their lease agreements as it provides them with a legal remedy to recover damages and maintain financial stability in unforeseen circumstances. Tenants, on the other hand, should thoroughly understand these clauses to be aware of potential rent reductions or suspensions they may be entitled to or responsible for based on the terms of their lease agreement.
