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.
Salt Lake City, located in Utah, is a vibrant and culturally rich city known for its stunning natural landscapes, thriving business community, and friendly atmosphere. When it comes to the standard provisions used when delivery of the premises is delayed in Salt Lake City, several types should be considered. 1. Force Mature Clause: A common provision used to address delays in the delivery of premises due to unforeseen circumstances beyond the control of either party. This clause typically includes events such as natural disasters, extreme weather conditions, or government actions that make it impossible or impractical to deliver the premises on time. 2. Excusable Delays: These provisions cover scenarios where delays occur due to situations outside the control of the party responsible for the delivery. Excusable delays can include labor strikes, material shortages, or other events that obstruct the timely completion of the premises. 3. Notification and Remedies: This provision outlines the process for notifying parties about the delay and the remedies available to both parties involved. It sets forth specific obligations regarding written notice, detailing how and when parties need to be informed of the delay and the steps to be taken to mitigate the impact. 4. Time Extensions: A provision that specifies the conditions under which time extensions will be granted to the party responsible for the delivery of the premises due to delays. This provision outlines the circumstances, such as force majeure events, that qualify for time extensions and the steps required for requesting and approving extensions. 5. Liquidated Damages: This provision addresses the issue of compensating the party affected by the delayed delivery of premises. It establishes predetermined financial penalties, known as liquidated damages, to be paid by the party responsible for the delay as a means of compensating the other party for their losses. 6. Termination Rights: In certain cases, the delayed delivery of premises may lead to termination of the agreement. This provision sets forth the conditions under which the affected party can terminate the agreement if the necessary premises have not been delivered within a specified period, despite adherence to the relevant provisions mentioned above. In summary, when it comes to Salt Lake Utah standard provisions used when delivery of the premises is delayed, it is crucial for both parties to have a clear understanding of the various types of provisions available. These provisions not only ensure that both parties are aware of their rights and obligations but also provide a framework for addressing delays and mitigating their impact on the overall agreement.Salt Lake City, located in Utah, is a vibrant and culturally rich city known for its stunning natural landscapes, thriving business community, and friendly atmosphere. When it comes to the standard provisions used when delivery of the premises is delayed in Salt Lake City, several types should be considered. 1. Force Mature Clause: A common provision used to address delays in the delivery of premises due to unforeseen circumstances beyond the control of either party. This clause typically includes events such as natural disasters, extreme weather conditions, or government actions that make it impossible or impractical to deliver the premises on time. 2. Excusable Delays: These provisions cover scenarios where delays occur due to situations outside the control of the party responsible for the delivery. Excusable delays can include labor strikes, material shortages, or other events that obstruct the timely completion of the premises. 3. Notification and Remedies: This provision outlines the process for notifying parties about the delay and the remedies available to both parties involved. It sets forth specific obligations regarding written notice, detailing how and when parties need to be informed of the delay and the steps to be taken to mitigate the impact. 4. Time Extensions: A provision that specifies the conditions under which time extensions will be granted to the party responsible for the delivery of the premises due to delays. This provision outlines the circumstances, such as force majeure events, that qualify for time extensions and the steps required for requesting and approving extensions. 5. Liquidated Damages: This provision addresses the issue of compensating the party affected by the delayed delivery of premises. It establishes predetermined financial penalties, known as liquidated damages, to be paid by the party responsible for the delay as a means of compensating the other party for their losses. 6. Termination Rights: In certain cases, the delayed delivery of premises may lead to termination of the agreement. This provision sets forth the conditions under which the affected party can terminate the agreement if the necessary premises have not been delivered within a specified period, despite adherence to the relevant provisions mentioned above. In summary, when it comes to Salt Lake Utah standard provisions used when delivery of the premises is delayed, it is crucial for both parties to have a clear understanding of the various types of provisions available. These provisions not only ensure that both parties are aware of their rights and obligations but also provide a framework for addressing delays and mitigating their impact on the overall agreement.
