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.
Wayne, Michigan Simple Cancellation Provisions for Landlords: A Detailed Description In Wayne, Michigan, landlords are required to have simple cancellation provisions incorporated into their lease agreements. These provisions are designed to protect both landlords and tenants and ensure a smooth termination of the lease in case unforeseen circumstances arise. Let's delve into the details of Wayne, Michigan's simple cancellation provisions for landlords and explore the various types they encompass. 1. Termination without Cause: Under Wayne, Michigan law, landlords have the right to terminate a lease agreement without cause. However, proper notice must be given to the tenant in advance. The required notice period typically depends on the length of the tenancy. For month-to-month leases, a 30-day notice is usually standard. For leases longer than one year, a 60-day notice may be required. 2. Termination for Cause: Wayne, Michigan also provides landlords with the option to terminate a tenancy with cause. This provision is applicable in situations where tenants violate the terms of the lease agreement, engage in illegal activities, cause damage to the property, or pose a threat to other tenants' safety. In these cases, landlords have the right to terminate the lease immediately, without providing any prior notice. 3. Early Termination Agreements: Landlords in Wayne, Michigan also have the option to include early termination agreements in their leases. This provision allows tenants to terminate their lease prior to its expiration date, but at the cost of a penalty fee. This fee is typically mentioned in the lease agreement itself and must be agreed upon by both parties before it can be enforced. 4. Mutual Agreement for Termination: In some cases, both the landlord and the tenant may decide to mutually terminate the lease agreement. This could occur if the tenant's circumstances change, such as a job relocation or a sudden need to move out. In such instances, both parties need to sign a written agreement documenting their consent for early termination. The terms and conditions for such mutual termination can be negotiated between the landlord and tenant. In conclusion, Wayne, Michigan provides various simple cancellation provisions for landlords to ensure a fair and transparent termination process for both parties involved. These provisions cover termination without cause, termination for cause, early termination agreements, and mutual agreement termination. It is crucial for both landlords and tenants to familiarize themselves with these provisions to ensure a smooth and legal termination process.Wayne, Michigan Simple Cancellation Provisions for Landlords: A Detailed Description In Wayne, Michigan, landlords are required to have simple cancellation provisions incorporated into their lease agreements. These provisions are designed to protect both landlords and tenants and ensure a smooth termination of the lease in case unforeseen circumstances arise. Let's delve into the details of Wayne, Michigan's simple cancellation provisions for landlords and explore the various types they encompass. 1. Termination without Cause: Under Wayne, Michigan law, landlords have the right to terminate a lease agreement without cause. However, proper notice must be given to the tenant in advance. The required notice period typically depends on the length of the tenancy. For month-to-month leases, a 30-day notice is usually standard. For leases longer than one year, a 60-day notice may be required. 2. Termination for Cause: Wayne, Michigan also provides landlords with the option to terminate a tenancy with cause. This provision is applicable in situations where tenants violate the terms of the lease agreement, engage in illegal activities, cause damage to the property, or pose a threat to other tenants' safety. In these cases, landlords have the right to terminate the lease immediately, without providing any prior notice. 3. Early Termination Agreements: Landlords in Wayne, Michigan also have the option to include early termination agreements in their leases. This provision allows tenants to terminate their lease prior to its expiration date, but at the cost of a penalty fee. This fee is typically mentioned in the lease agreement itself and must be agreed upon by both parties before it can be enforced. 4. Mutual Agreement for Termination: In some cases, both the landlord and the tenant may decide to mutually terminate the lease agreement. This could occur if the tenant's circumstances change, such as a job relocation or a sudden need to move out. In such instances, both parties need to sign a written agreement documenting their consent for early termination. The terms and conditions for such mutual termination can be negotiated between the landlord and tenant. In conclusion, Wayne, Michigan provides various simple cancellation provisions for landlords to ensure a fair and transparent termination process for both parties involved. These provisions cover termination without cause, termination for cause, early termination agreements, and mutual agreement termination. It is crucial for both landlords and tenants to familiarize themselves with these provisions to ensure a smooth and legal termination process.
