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.
Fairfax Virginia Simple Cancellation Provisions for Landlord provide flexibility and protection for both landlords and tenants in the event of early lease termination. These provisions outline the specific conditions and procedures under which a tenant may terminate their lease agreement before its scheduled end date. Landlords in Fairfax, Virginia, often include these provisions to streamline the cancellation process and facilitate smooth transitions. One type of Fairfax Virginia Simple Cancellation Provision is the "30-Day Notice" provision. This provision allows tenants to terminate their lease by providing a written notice to the landlord at least 30 days in advance. This notice period gives landlords ample time to find new tenants, minimizing any potential financial loss. Another type of cancellation provision is the "Military Clause." This provision is specific to tenants who are active-duty military personnel. It allows them to cancel their lease with a written notice if they receive deployment orders or are stationed at a different location. This provision ensures that military personnel are not penalized for their service obligations. Similarly, the "Job Relocation Clause" is another common Fairfax Virginia Simple Cancellation Provision. It allows tenants who are required to relocate due to a job transfer or employment change to terminate their lease agreement early. This provision acknowledges the unforeseen circumstances faced by tenants and protects them from undue financial burden. Some Fairfax Virginia Simple Cancellation Provisions may also include a "Mitigation Clause." This clause requires tenants to assist landlords in finding new tenants by allowing property showings or providing access for repairs and marketing purposes. By actively participating in finding a replacement tenant, the original tenant minimizes the landlord's potential financial losses. Additionally, landlords may include a "Liquidated Damages Clause" in their cancellation provisions. This clause sets a predetermined amount of compensation that the tenant must pay the landlord for early lease termination. This provision protects landlords from significant financial losses caused by unexpected tenancy termination. Fairfax Virginia Simple Cancellation Provisions for Landlords aim to create a fair and balanced approach to lease terminations, benefiting both parties involved. These provisions ensure that tenants have options to end their lease agreement if necessary, while also providing landlords with the opportunity to mitigate any potential financial harm.Fairfax Virginia Simple Cancellation Provisions for Landlord provide flexibility and protection for both landlords and tenants in the event of early lease termination. These provisions outline the specific conditions and procedures under which a tenant may terminate their lease agreement before its scheduled end date. Landlords in Fairfax, Virginia, often include these provisions to streamline the cancellation process and facilitate smooth transitions. One type of Fairfax Virginia Simple Cancellation Provision is the "30-Day Notice" provision. This provision allows tenants to terminate their lease by providing a written notice to the landlord at least 30 days in advance. This notice period gives landlords ample time to find new tenants, minimizing any potential financial loss. Another type of cancellation provision is the "Military Clause." This provision is specific to tenants who are active-duty military personnel. It allows them to cancel their lease with a written notice if they receive deployment orders or are stationed at a different location. This provision ensures that military personnel are not penalized for their service obligations. Similarly, the "Job Relocation Clause" is another common Fairfax Virginia Simple Cancellation Provision. It allows tenants who are required to relocate due to a job transfer or employment change to terminate their lease agreement early. This provision acknowledges the unforeseen circumstances faced by tenants and protects them from undue financial burden. Some Fairfax Virginia Simple Cancellation Provisions may also include a "Mitigation Clause." This clause requires tenants to assist landlords in finding new tenants by allowing property showings or providing access for repairs and marketing purposes. By actively participating in finding a replacement tenant, the original tenant minimizes the landlord's potential financial losses. Additionally, landlords may include a "Liquidated Damages Clause" in their cancellation provisions. This clause sets a predetermined amount of compensation that the tenant must pay the landlord for early lease termination. This provision protects landlords from significant financial losses caused by unexpected tenancy termination. Fairfax Virginia Simple Cancellation Provisions for Landlords aim to create a fair and balanced approach to lease terminations, benefiting both parties involved. These provisions ensure that tenants have options to end their lease agreement if necessary, while also providing landlords with the opportunity to mitigate any potential financial harm.
