Common use of EFFECT OF HOLDING OVER Clause in Contracts

EFFECT OF HOLDING OVER. The parties agree that any holding over by Lessee under this agreement, without Lessor’s written consent, shall be a tenancy at will which may be terminated by Lessor in accordance with applicable law. Rent payable during an unauthorized holding over shall be at 150% of rental fees as described in Paragraph 1.

Appears in 2 contracts

Sources: Rental Agreement, Rental Agreement