Common use of Accelerated Rent Clause in Contracts

Accelerated Rent. All monthly rent for the remainder of the Lease Term will be accelerated automatically without notice or demand (before or after acceleration) and will be immediately due and delinquent if, without LESSOR’s written consent: (1) LESSEE moves out, removes property preparatory to moving-out, or gives oral or written notice of intent to move out before the Lease Term ends; and (2) LESSEE has not paid all the rent for the entire Lease Term. Such conduct is considered a breach of the lease contract. Remaining rent also will be accelerated if LESSEE is judicially evicted or moved-out on demand of the LESSOR due to LESSEE’s default on his/her obligations.

Appears in 1 contract

Sources: Lease Agreement

Accelerated Rent. All monthly rent for the remainder of the Lease Term will be accelerated automatically without notice or demand (before or after acceleration) and will be immediately due and delinquent if, without LESSOR▇▇▇▇▇▇’s written consent: (1) LESSEE moves out, removes property preparatory to moving-out, or gives oral or written notice of intent to move out before the Lease Term ends; and (2) LESSEE has not paid all the rent for the entire Lease Term. Such conduct is considered a breach of the lease contract. Remaining rent also will be accelerated if LESSEE is judicially evicted or moved-out on demand of the LESSOR due to LESSEE▇▇▇▇▇▇’s default on his/her obligations.

Appears in 1 contract

Sources: Lease Agreement