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.
Collin Texas Simple Cancellation Provisions for Landlord: In Collin, Texas, there are specific simple cancellation provisions that landlords need to be aware of when it comes to terminating a lease agreement with a tenant. These provisions outline the process and conditions under which a landlord can cancel a lease early, providing important rights and responsibilities for both parties involved. One type of Collin Texas Simple Cancellation Provision for Landlord is the "Cure or Quit" provision. This provision enables the landlord to give the tenant a written notice to correct any violations or breaches of the lease agreement within a specified timeframe. If the tenant fails to rectify the issue within the given period, the landlord has the right to terminate the lease. Another relevant provision is the "Unconditional Quit" provision. In situations where a tenant engages in severe or repeated violations of the lease agreement, such as illegal activities or causing significant damage to the property, the landlord can issue an unconditional quit notice. This type of notice demands that the tenant vacates the premises immediately without any opportunity to rectify the violations. Furthermore, Collin Texas Simple Cancellation Provisions for Landlords also include the "Termination for Nonpayment" provision. Under this provision, if a tenant fails to pay rent on time, the landlord can issue a warning notice, providing a set number of days for the tenant to pay the overdue amount. If the tenant does not settle the rent arrears within the given timeframe, the landlord may proceed with the termination of the lease. It's important for landlords in Collin, Texas, to familiarize themselves with these different types of simple cancellation provisions to protect their rights and handle any unforeseen circumstances that may arise during a lease period. However, it is crucial to consult with a legal professional to ensure compliance with all applicable laws and regulations when dealing with lease cancellations in Collin, Texas.Collin Texas Simple Cancellation Provisions for Landlord: In Collin, Texas, there are specific simple cancellation provisions that landlords need to be aware of when it comes to terminating a lease agreement with a tenant. These provisions outline the process and conditions under which a landlord can cancel a lease early, providing important rights and responsibilities for both parties involved. One type of Collin Texas Simple Cancellation Provision for Landlord is the "Cure or Quit" provision. This provision enables the landlord to give the tenant a written notice to correct any violations or breaches of the lease agreement within a specified timeframe. If the tenant fails to rectify the issue within the given period, the landlord has the right to terminate the lease. Another relevant provision is the "Unconditional Quit" provision. In situations where a tenant engages in severe or repeated violations of the lease agreement, such as illegal activities or causing significant damage to the property, the landlord can issue an unconditional quit notice. This type of notice demands that the tenant vacates the premises immediately without any opportunity to rectify the violations. Furthermore, Collin Texas Simple Cancellation Provisions for Landlords also include the "Termination for Nonpayment" provision. Under this provision, if a tenant fails to pay rent on time, the landlord can issue a warning notice, providing a set number of days for the tenant to pay the overdue amount. If the tenant does not settle the rent arrears within the given timeframe, the landlord may proceed with the termination of the lease. It's important for landlords in Collin, Texas, to familiarize themselves with these different types of simple cancellation provisions to protect their rights and handle any unforeseen circumstances that may arise during a lease period. However, it is crucial to consult with a legal professional to ensure compliance with all applicable laws and regulations when dealing with lease cancellations in Collin, Texas.
