This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
Virginia Standard Provision Used When Delivery of the Premises Is Delayed When entering into a lease agreement in the state of Virginia, it is important to be familiar with the standard provisions that address potential delays in the delivery of the premises. These provisions aim to protect the rights and interests of both the landlord and the tenant in the event of a delay, and ensure that appropriate measures are taken to address the situation. One commonly used Virginia standard provision related to delayed delivery is the "Delivery Delayed" clause. This clause specifies the rights and obligations of both parties when the premises are not delivered on the agreed-upon date. It typically outlines the following key aspects: 1. Notice: The provision requires the landlord to provide written notice to the tenant within a specified timeframe, informing them of the delay in delivery. This allows the tenant to be aware of the situation and plan accordingly. 2. Cure Period: The provision may include a cure period within which the landlord must deliver the premises after the agreed-upon date. This period allows the landlord to rectify the delay and provide the tenant with the premises within a reasonable time frame. 3. Tenant Rights: If the delivery of the premises is substantially delayed, the provision may grant the tenant certain rights, such as the option to terminate the lease agreement or seek alternate accommodation at the landlord's expense. These rights ensure that the tenant is not unduly burdened by the delay and has appropriate recourse. 4. Rent Adjustment: In the case of a delayed delivery, the provision may outline how the rent will be adjusted. Options may include prorating the rent for the delayed period or deferring the start of the lease term until the premises are delivered. It is worth noting that the specific wording and details of the provision may vary depending on the lease agreement and the parties involved. Different variations of the Virginia standard provision used when delivery of the premises is delayed can be found in commercial lease agreements, residential lease agreements, and sublease agreements. These variations are tailored to address the unique considerations and requirements of each specific type of lease. In conclusion, understanding the Virginia standard provision used when delivery of the premises is delayed is crucial for both landlords and tenants. By incorporating this provision into lease agreements, parties can establish clear guidelines that protect their rights and ensure equitable resolution when unforeseen delays occur.Virginia Standard Provision Used When Delivery of the Premises Is Delayed When entering into a lease agreement in the state of Virginia, it is important to be familiar with the standard provisions that address potential delays in the delivery of the premises. These provisions aim to protect the rights and interests of both the landlord and the tenant in the event of a delay, and ensure that appropriate measures are taken to address the situation. One commonly used Virginia standard provision related to delayed delivery is the "Delivery Delayed" clause. This clause specifies the rights and obligations of both parties when the premises are not delivered on the agreed-upon date. It typically outlines the following key aspects: 1. Notice: The provision requires the landlord to provide written notice to the tenant within a specified timeframe, informing them of the delay in delivery. This allows the tenant to be aware of the situation and plan accordingly. 2. Cure Period: The provision may include a cure period within which the landlord must deliver the premises after the agreed-upon date. This period allows the landlord to rectify the delay and provide the tenant with the premises within a reasonable time frame. 3. Tenant Rights: If the delivery of the premises is substantially delayed, the provision may grant the tenant certain rights, such as the option to terminate the lease agreement or seek alternate accommodation at the landlord's expense. These rights ensure that the tenant is not unduly burdened by the delay and has appropriate recourse. 4. Rent Adjustment: In the case of a delayed delivery, the provision may outline how the rent will be adjusted. Options may include prorating the rent for the delayed period or deferring the start of the lease term until the premises are delivered. It is worth noting that the specific wording and details of the provision may vary depending on the lease agreement and the parties involved. Different variations of the Virginia standard provision used when delivery of the premises is delayed can be found in commercial lease agreements, residential lease agreements, and sublease agreements. These variations are tailored to address the unique considerations and requirements of each specific type of lease. In conclusion, understanding the Virginia standard provision used when delivery of the premises is delayed is crucial for both landlords and tenants. By incorporating this provision into lease agreements, parties can establish clear guidelines that protect their rights and ensure equitable resolution when unforeseen delays occur.
