Ads
related to: cancellation of contract for non payment of lease agreementuslegalforms.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
The agreement provided that, in the event of non-payment of rent, or the breach of any condition of the lease, the lessor would be entitled to cancel the lease and retake possession of the premises. When the supermarket failed to pay the rental for the month of December 1995, Ntshiqa cancelled the lease agreement and instituted action for the ...
Extinguishment occurs in a variety of contracts, such as land contracts (common, copyhold), debts, rents, and right of ways. [1] A right may be extinguished by nullifying that right or, in the case of a debt, discharged by payment in full or through settlement. [2] An extinguishment may be by matter of fact and by matter of law. [1]
In finance, law, and insurance, rescission is the termination of a contract from the beginning (as if it never existed), rendering it void ab initio. In 2009, one judge ruled that borrowers who refinanced into an adjustable-rate mortgage could force a bank to rescind mortgage loans if it acted similarly inappropriately. [ 9 ]
For lease contracts, without the inclusion of an acceleration clause in a lease, a landlord's right to sue for damages for breach of a lease may accrue on the date the termination date of the lease. With an acceleration clause a landlord may be able to sue for damages when a breach of the lease agreement occurs. [5]
Anticipatory repudiation or anticipatory breach is a concept in the law of contracts which describes words or conduct by a contracting party that evinces an intention not to perform or not to be bound by provisions of the agreement that require performance in the future.
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
Ad
related to: cancellation of contract for non payment of lease agreement