This office lease provision states that the landlord has the right to cancel the lease after the expiration of the first sixty (60) months of the initial term of the lease by giving the tenant at least one hundred and twenty (120) days prior notice of such cancellation.
Minnesota Simple Cancellation Provisions for Landlord refer to specific clauses or provisions included in a rental agreement that provide landlords with the right to cancel or terminate a lease in certain situations. These provisions typically outline the conditions and procedures that both landlords and tenants must follow in the event of lease cancellation. Let's delve into the various types of Minnesota Simple Cancellation Provisions for Landlord: 1. Lease Termination for Non-payment: Landlords in Minnesota may include a simple cancellation provision in their rental agreements that allows them to terminate the lease if the tenant fails to pay rent within a specified timeframe. This provision outlines the steps the landlord must take before terminating the lease, such as issuing a written notice or following the requirements set forth in the state law. 2. Material Breach of Lease: A Minnesota Simple Cancellation Provision for Landlord may also cover lease termination due to a material breach by the tenant. Material breaches can include actions such as illegal activities on the rented property, causing intentional damage, or violating the terms of the lease agreement. This provision typically details the specific acts that constitute a material breach and the notice period required for the tenant to rectify the breach before lease termination. 3. Violation of Policies or Rules: Landlords can include a simple cancellation provision that allows the termination of a lease for tenants who repeatedly violate the property's rules and policies. This provision may be used when a tenant engages in disruptive behavior, disregards noise restrictions, or fails to comply with other regulations outlined in the lease agreement. 4. Holdover Provision: A Minnesota Simple Cancellation Provision for Landlord may address lease termination if a tenant continues to occupy the property beyond the lease term without the landlord's consent. This provision enables the landlord to serve a termination notice after providing the tenant with a fair opportunity to vacate or renew the lease. 5. Mutual Agreement: Landlords and tenants in Minnesota can also include a simple cancellation provision in the lease agreement that allows for mutual termination of the lease. This provision provides flexibility for both parties to end the lease early if they both agree upon certain conditions, such as payment of a termination fee or the return of the security deposit. It's important to note that the specific language and requirements of Minnesota Simple Cancellation Provisions for Landlord may vary depending on the rental agreement and state laws. Both landlords and tenants should carefully review and understand these provisions before signing a lease to ensure they are aware of their rights and responsibilities.
