Common use of DURATION OF THE LEASE Clause in Contracts

DURATION OF THE LEASE. 3.1 The lease shall be for a fixed period of ( ) months, commencing on and terminating on at 17h00. 3.2 During the period of the lease and no earlier than 80 (eighty) business days and no less than 40 (forty) business days before the termination date, the Lessor or his duly appointed agent, shall send the Lessee written notice reminding him that the lease shall terminate on 3.3 The above notice shall advise the Lessee of the terms of this lease that will change in any way if the lease is to be renewed. The changes may relate to the rental, the new term, or any other conditions thereof. 3.4 In addition, the Lessor, or his duly appointed agent, shall advise the Lessee that the Lessee must, within 10 (ten) days of receipt of such notice, either: 3.4.1 accept the terms of the new lease as proposed by the Lessor; 3.4.2 reject the proposed terms and elect that the lease must finally terminate on the termination date, failing which the lease will not terminate at the end of the lease period but will continue on the new terms and conditions as proposed by the Lessor in the notice, save that any period of renewal of the lease shall not apply and the lease will continue on a month-to-month basis and be capable of termination by either party giving the other party one months’ notice of termination, provided that such notice is given on the last day of the month preceding the final month of lease. In the event that this lease agreement is not renewed for a further fixed period, the provisions of the CPA shall not be applicable. 3.4.3 In the event that the Lessee accepts the terms and conditions proposed by the Lessor and elects to continue with a further fixed period, the renewal hereof shall only be of force and effect once a renewal agreement or addendum hereto has been signed by both parties or their duly authorised agents, failing which, the provisions of 3.4.2 above shall apply. The acceptance in writing by the Lessee of the Lessor’s proposed terms and conditions will not automatically give rise to a renewal of the lease agreement. 3.4.4 Notwithstanding the above, the Lessee shall have an option to renew this lease agreement for a further fixed period of ( ) months from the date of termination of the initial fixed period. The option may only be exercised by the Lessee if he has not, during the course of the initial period hereof, been in breach of any of the terms and conditions and provided that all rental and other payments are up to date. 3.4.5 The Lessee shall exercise the option by written notice to the Lessor or his duly authorised agent, such notice to be received no later than . In the event that the Lessee exercises the option, the rental will increase by % and the provisions hereof shall remain in full force and effect for the duration of the extended period, save that there shall be no further option to renew and the provisions of paragraphs 3.2, 3.3 and 3.4 shall apply to the extended period.

DURATION OF THE LEASE. 3.1 The lease shall be This agreement gives the Resident(s) the right to occupy the above named Leased Property for a fixed period term of ( a one (1) monthsmonth period, commencing on and terminating on at 17h00. 3.2 During the period ______ day of the lease and no earlier than 80 (eighty) business days and no less than 40 (forty) business days before the termination date__ 20_19____. Thereafter, the Lessor or his duly appointed agent, this Lease shall send the Lessee written notice reminding him that the lease shall terminate on 3.3 The above notice shall advise the Lessee of the terms of this lease that will change in any way if the lease is to be renewed. The changes may relate to the rental, the new term, or any other conditions thereof. 3.4 In addition, the Lessor, or his duly appointed agent, shall advise the Lessee that the Lessee must, within 10 (ten) days of receipt of such notice, either: 3.4.1 accept the terms of the new lease renew as proposed by the Lessor; 3.4.2 reject the proposed terms and elect that the lease must finally terminate on the termination date, failing which the lease will not terminate at the end of the lease period but will continue on the new terms and conditions as proposed by the Lessor in the notice, save that any period of renewal of the lease shall not apply and the lease will continue on a month-to-month basis and be capable tenancy, subject to the terms of termination by this Lease, which month-to-month tenancy shall continue thereafter until either party giving shall have given the other party one monthsthirty (30) days’ prior written notice of terminationits intention to terminate such month-to-month tenancy. If Resident(s) fails to execute and return the Lease to Landlord within thirty (30) days after receiving same, provided that and fails to vacate the community, Landlord will deem the Resident(s) to have accepted the terms set forth in the Lease as written and the Lease shall then renew as a month-to-month tenancy, subject to the terms of this Lease, which month-to-month tenancy shall continue thereafter until either party shall have given the other thirty (30) days’ prior written notice of its intention to terminate such month-to-month tenancy. If the 30-day notice required to terminate this Lease is given later than 30 days prior to the end of the month in which Resident seeks to terminate, it shall not be effective to terminate this Lease until the end of the month following the month in which such notice is given on was given. Under no circumstances may a termination take place prior to the last day of the month preceding the final month of leasea month. In the event that this lease agreement is not renewed for of a further fixed periodtermination, Resident shall be responsible to pay rent through the provisions end of the CPA month in which the termination is effective. All rights granted to the Resident(s) by this agreement shall end upon the death of the person or persons who are named as Resident(s) in this Lease, and thereafter, no family member or guest of a deceased Resident will be permitted to use the Leased Property. Landlord shall not be applicable. 3.4.3 In liable to Resident(s) for any failure to give Resident(s) possession of the event that Leased Property at the Lessee accepts the terms and conditions proposed by the Lessor and elects to continue with start of this Lease, nor shall any such failure constitute a further fixed periodbreach under this Lease. However, the renewal hereof Rent shall only be of force and effect once a renewal agreement or addendum hereto has been signed by both parties or their duly authorised agents, failing which, the provisions of 3.4.2 above shall apply. The acceptance in writing by the Lessee of the Lessor’s proposed terms and conditions will not automatically give rise to a renewal of the lease agreement. 3.4.4 Notwithstanding the above, the Lessee shall have an option to renew this lease agreement for a further fixed period of ( ) months charged from the date on which possession is made available to Resident(s). If Landlord cannot give Resident(s) possession within thirty (30) days after the starting date of termination of the initial fixed period. The option may only be exercised by the Lessee if he has notthis Lease, during the course of the initial period hereof, been in breach of any of the terms and conditions and provided that all rental and other payments are up to date. 3.4.5 The Lessee Resident(s) shall exercise have the option by written notice to the Lessor or his duly authorised agent, such notice to be received no later than . In the event that the Lessee exercises the option, the rental will increase by % and the provisions hereof shall remain in full force and effect for the duration of the extended period, save that there shall be no further option to renew and the provisions of paragraphs 3.2, 3.3 and 3.4 shall apply to the extended periodcancel this Lease.