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 Oklahoma Rent Abatement Clause Providing for a Landlord Remedy and Damages is a legal provision that is often included in commercial and residential lease agreements in Oklahoma. This clause specifically addresses situations where the leased property becomes uninhabitable or unfit for use due to circumstances beyond the tenant's control, such as natural disasters, fire, or major structural damages. This clause allows the landlord to offer a remedy or solution to the tenant in such cases, by either abating or reducing the rent for the period in which the property is uninhabitable or by providing suitable alternative accommodation to the tenant. It also outlines the landlord's rights to access the property for repairs, maintenance, and inspections to restore it to a habitable condition. There are several types of Rent Abatement Clauses Providing for a Landlord Remedy and Damages that may be used in Oklahoma: 1. Full Abatement Clause: This type of clause allows the tenant to completely suspend their rent payments until the property has been repaired or made habitable again. The tenant is not obligated to pay rent for the period in which the property is uninhabitable. 2. Partial Abatement Clause: Under this clause, the tenant is required to pay a reduced amount of rent for the duration of the property's unavailability. The specific percentage or amount of the reduction is typically stated in the lease agreement. 3. Alternative Accommodation Clause: In situations where the property is uninhabitable, this clause provides the tenant with an option to live in alternative accommodations provided by the landlord until the property is restored. The tenant may or may not be required to pay rent for the temporary accommodations. 4. Remedies and Damages Clause: This comprehensive clause outlines the landlord's rights to seek legal remedies and damages from the tenant if they fail to vacate the property during the repair period or if they cause damage to the property beyond normal wear and tear. It is important for both landlords and tenants to thoroughly understand the Rent Abatement Clause and its specific terms before entering into a lease agreement in Oklahoma. Seeking legal advice or consulting with a real estate professional is recommended to ensure clarity and protection for both parties involved.
