Lease definition

Landlord or tenant has not adequately performed an agreed lease promise or requirement. and appropriate to the default lease provisions apply.

Internal Headline

Know possible perils.

Why it’s in the lease

There must be repercussions for not performing lease requirements as agreed.

Risks to the tenant

Make sure there are avenues of relief and/or cures to each default situation.

What it means to the tenant

Just be aware of intended, unintended and other broken lease obligations will have consequences. It is a very good idea to read the default causes and remedies carefully. Remember, the landlord wrote them.

Points of negotiation

The notice time periods and offsetting cures can be adjusted or changed to equal out the landlord’s advantages, and to better suit a tenant’s circumstances.

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