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A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
Courts have generally held that the notice be given within a "reasonable time" but not necessarily simultaneous with termination of the lease. For example, in North Bay T.V. and Audio Ltd. v Nova Electronics Ltd. Et Al., [9] a statement of claim about six weeks after the tenant terminated the lease was held to be within "reasonable time".
the lease period or, if there no lease period is determined, the notice period requested for termination of the lease; obligations of the tenant and the landlord, which must not detract from the provisions of section 5(3) or the regulations relating to unfair practice; and
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement.
The tenant will then be entitled to take a portion of the condemnation award equal to 25% of the rent due for the remaining four months of the lease—¤1,000, derived from ¤250 per month for four months. A full taking, however, extinguishes the lease and excuses all rent from that point. The tenant will not be entitled to any portion of the ...