Define Lease Agreement Pdf

In any state, a court can cancel an unscrupulous lease. A lease is ruthless if it excessively privileges one party over the other. Suppose a small contractor rents a property for 30 years to operate a gas station. The rental agreement contains a clause stipulating that the lessor may revoke the contract without specifying the causes and without notice. If the tenant complies with his obligations under the rental agreement, but the lessor revokes the lease without notice, the clause allowing termination without notice may be ruthless. A finding of scruples must be made by a judge or jury on the basis of the facts. The factual may take into account factors such as the relative bargaining power of the parties, other terms in the lease, the purpose of the lease, and the potential loss to one of the parties due to the terms of the lease. The original tenant retains the same rights and obligations in the rental agreement and constitutes a second contract with the subtenant. Like assignments, sublettings are in principle valid, unless they are prohibited by the owner. A lease agreement is a contract between a lessor and a tenant for a given period of time..

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