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.
Phoenix Arizona Simple Cancellation Provisions for Landlord When it comes to rental agreements and lease contracts, Phoenix, Arizona has certain simple cancellation provisions that landlords can exercise. These provisions offer flexibility to both parties involved in the rental agreement in case there is a need for early termination. Below, we will explore these cancellation provisions in detail, including their purpose and benefits. 1. Early Termination Clause: The Early Termination Clause is a common type of simple cancellation provision found in rental agreements in Phoenix, Arizona. This provision allows the landlord to terminate the lease agreement before its scheduled end date, as long as certain conditions are met. These conditions can include non-payment of rent, violation of lease terms, or breach of contract by the tenant. 2. 30-Day Notice Clause: The 30-Day Notice Clause is another type of simple cancellation provision designed to provide landlords with an opportunity to terminate the rental agreement with a 30-day notice. This provision usually requires the landlord to provide written notice to the tenant at least 30 days prior to the desired termination date. It offers landlords a reasonable timeframe to find a new tenant or make necessary arrangements. 3. Mutual Agreement Clause: The Mutual Agreement Clause is an example of a simple cancellation provision that allows both the landlord and tenant to mutually terminate the lease agreement with their consent. This provision ensures that the cancellation is done with the agreement and understanding of both parties. It may be used in situations where both parties find it beneficial to end the tenancy early. 4. Personal Circumstances Clause: The Personal Circumstances Clause is a Phoenix-specific simple cancellation provision that allows landlords to terminate a lease agreement due to personal circumstances. These personal circumstances can include a change in the landlord's financial situation, health issues, or any other unforeseen event that makes it necessary for the landlord to terminate the agreement. These simple cancellation provisions provide legal mechanisms that landlords can utilize if they need to terminate a rental agreement in Phoenix, Arizona. It's essential for landlords to familiarize themselves with these provisions and include them in the lease agreements to protect their rights and uphold the obligations of both parties involved. Key Keywords: Phoenix Arizona, Simple Cancellation Provisions for Landlord, rental agreements, lease contracts, early termination clause, 30-day notice clause, mutual agreement clause, personal circumstances' clause.Phoenix Arizona Simple Cancellation Provisions for Landlord When it comes to rental agreements and lease contracts, Phoenix, Arizona has certain simple cancellation provisions that landlords can exercise. These provisions offer flexibility to both parties involved in the rental agreement in case there is a need for early termination. Below, we will explore these cancellation provisions in detail, including their purpose and benefits. 1. Early Termination Clause: The Early Termination Clause is a common type of simple cancellation provision found in rental agreements in Phoenix, Arizona. This provision allows the landlord to terminate the lease agreement before its scheduled end date, as long as certain conditions are met. These conditions can include non-payment of rent, violation of lease terms, or breach of contract by the tenant. 2. 30-Day Notice Clause: The 30-Day Notice Clause is another type of simple cancellation provision designed to provide landlords with an opportunity to terminate the rental agreement with a 30-day notice. This provision usually requires the landlord to provide written notice to the tenant at least 30 days prior to the desired termination date. It offers landlords a reasonable timeframe to find a new tenant or make necessary arrangements. 3. Mutual Agreement Clause: The Mutual Agreement Clause is an example of a simple cancellation provision that allows both the landlord and tenant to mutually terminate the lease agreement with their consent. This provision ensures that the cancellation is done with the agreement and understanding of both parties. It may be used in situations where both parties find it beneficial to end the tenancy early. 4. Personal Circumstances Clause: The Personal Circumstances Clause is a Phoenix-specific simple cancellation provision that allows landlords to terminate a lease agreement due to personal circumstances. These personal circumstances can include a change in the landlord's financial situation, health issues, or any other unforeseen event that makes it necessary for the landlord to terminate the agreement. These simple cancellation provisions provide legal mechanisms that landlords can utilize if they need to terminate a rental agreement in Phoenix, Arizona. It's essential for landlords to familiarize themselves with these provisions and include them in the lease agreements to protect their rights and uphold the obligations of both parties involved. Key Keywords: Phoenix Arizona, Simple Cancellation Provisions for Landlord, rental agreements, lease contracts, early termination clause, 30-day notice clause, mutual agreement clause, personal circumstances' clause.
