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.
The North Carolina Rent Abatement Clause Providing for a Landlord Remedy and Damages is a legal provision included in lease agreements in the state of North Carolina. This clause grants the landlord specific remedies and damages in the event that the tenant fails to pay rent or breaches any other lease terms. The purpose of this clause is to protect the landlord's rights and mitigate potential financial losses. The North Carolina Rent Abatement Clause allows the landlord to seek remedies such as rent abatement, which means a reduction or suspension of rent owed during the period of the tenant's breach. This provides the landlord with compensation for the financial loss they may have suffered as a result of the tenant's non-compliance. Additionally, this clause enables the landlord to recover damages caused by the tenant's breach of the lease agreement. These damages may include late fees, attorney fees, court costs, and related expenses incurred in pursuing legal action against the tenant. In some cases, the landlord may also be entitled to recover any rent arrears owed by the tenant. In North Carolina, there are different types or variations of the Rent Abatement Clause Providing for a Landlord Remedy and Damages that can be included in a lease agreement. These variations may depend on the specific circumstances, nature of the rented property, and the agreement between the landlord and tenant. Each variation may have unique terms and conditions regarding the amount of rent abatement, the duration of the abatement, and the landlord's right to pursue legal action for breach of lease terms. Overall, the North Carolina Rent Abatement Clause Providing for a Landlord Remedy and Damages serves as an essential legal tool for landlords to protect their interests and recover losses incurred due to tenant non-compliance. It encourages tenants to fulfill their lease obligations and discourages any breaches that may negatively impact the landlord's financial stability.The North Carolina Rent Abatement Clause Providing for a Landlord Remedy and Damages is a legal provision included in lease agreements in the state of North Carolina. This clause grants the landlord specific remedies and damages in the event that the tenant fails to pay rent or breaches any other lease terms. The purpose of this clause is to protect the landlord's rights and mitigate potential financial losses. The North Carolina Rent Abatement Clause allows the landlord to seek remedies such as rent abatement, which means a reduction or suspension of rent owed during the period of the tenant's breach. This provides the landlord with compensation for the financial loss they may have suffered as a result of the tenant's non-compliance. Additionally, this clause enables the landlord to recover damages caused by the tenant's breach of the lease agreement. These damages may include late fees, attorney fees, court costs, and related expenses incurred in pursuing legal action against the tenant. In some cases, the landlord may also be entitled to recover any rent arrears owed by the tenant. In North Carolina, there are different types or variations of the Rent Abatement Clause Providing for a Landlord Remedy and Damages that can be included in a lease agreement. These variations may depend on the specific circumstances, nature of the rented property, and the agreement between the landlord and tenant. Each variation may have unique terms and conditions regarding the amount of rent abatement, the duration of the abatement, and the landlord's right to pursue legal action for breach of lease terms. Overall, the North Carolina Rent Abatement Clause Providing for a Landlord Remedy and Damages serves as an essential legal tool for landlords to protect their interests and recover losses incurred due to tenant non-compliance. It encourages tenants to fulfill their lease obligations and discourages any breaches that may negatively impact the landlord's financial stability.
