Remedies for Tenant Default Clause Samples
The "Remedies for Tenant Default" clause outlines the actions a landlord may take if the tenant fails to meet their obligations under the lease, such as not paying rent or violating other terms. Typically, this clause details the process for notifying the tenant of the default, any grace periods for curing the breach, and the specific remedies available to the landlord, which may include charging late fees, terminating the lease, or seeking damages. Its core function is to provide a clear framework for addressing tenant breaches, thereby protecting the landlord’s interests and ensuring both parties understand the consequences of non-compliance.
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Remedies for Tenant Default. Upon occurrence of an Event of Default by Tenant, Landlord shall have the right to the following remedies, which are intended to be alternative remedies and the sole remedies available to Landlord under this Lease exclusive of any other remedies provided under applicable law:
11.2.1 Landlord may at its option, and as its sole remedy therefore, terminate this Lease by written notice to Tenant and collect from Tenant, as liquidated damages (and not as a penalty) in lieu of and as full compensation for all other rights or claims of Landlord against Tenant by reason of such default: (a) an amount equal to any Rent due and owing or payable at the time of termination; (b) the Restoration Fee; (c) an amount equal to the costs actually and reasonably incurred by Landlord in the removal of any Tenant Alterations for which Landlord is otherwise authorized under this Lease to demand removal thereof by Tenant; (d) an amount equal to the costs actually and reasonably incurred by Landlord in performing the patching otherwise described as ▇▇▇▇▇▇’s responsibility in Section 12.1 of this Lease; (e) an amount equal to the costs, expenses, and fees authorized for reimbursement or collection from Tenant in Section 17.1 of this Lease actually and reasonably incurred by ▇▇▇▇▇▇▇▇; and (f) future rent for remainder of lease but not to exceed twelve (12) months’ rent. Landlord may sue periodically to recover the amounts described in this paragraph as they occur, and no action for accrued amounts shall bar a later action for amounts subsequently accruing; or Landlord may elect in any one action to recover accrued amounts. Upon Landlord’s exercise of the option set forth in this paragraph, this Lease shall terminate and the Parties shall be relieved of all further obligations and liabilities hereunder, except as expressly set forth herein. Tenant and Landlord acknowledge that the damages to Landlord resulting from ▇▇▇▇▇▇’s breach would be difficult, if not impossible, to ascertain with any accuracy, and that the liquidated damages amount set forth in this paragraph represent both Parties’ best efforts to approximate such potential damages.
11.2.2 In the alternative to the remedy provided in Section 11.2.1 of this Lease, Landlord may at its option, and as its sole remedy therefore but without waiving any right to subsequent alternative enforcement of this Lease, allow this Lease to continue and: (a) collect any Rent due and owing; and (b) make any payment or perform any obligation th...
Remedies for Tenant Default. If Tenant fails to perform any term, covenant or obligation under this Lease, and that failure continues or re-occurs after written demand for compliance with the Lease has been given to Tenant by Landlord, then Landlord may elect to declare the Lease forfeited and may proceed to recover possession of the Leases Premises from Tenant. If Tenant breaches the Lease by abandoning the Lease Premises, the Landlord may declare the Lease terminated and of no further force or effect. Absence from the Lease Premises for the duration of semester breaks or breaks between semesters shall not be deemed abandonment of the Premises.
Remedies for Tenant Default. If Tenant commits a default and fails to cure such default within the applicable time period provided under Section 22 hereof, then Landlord, by providing Tenant with ten (10) days advance written notice, shall have the following remedies:
Remedies for Tenant Default. In the event of any such material default or breach by Tenant after expiration of the applicable cure period in Section 17.1, Landlord shall have the right and option to pursue all remedies available to it at law or in equity, including the right to terminate this Lease and collect all past due payments under this Lease by suit or otherwise, in which case the Premises shall be subject to Section 20. Landlord shall have a lien, which shall be subject and subordinate to the lien of any Leasehold Mortgagee, on all property of Tenant kept or used on the leased premises, whether the same is exempt from execution or not, to secure payment of any and all moneys then due or thereafter becoming due to Landlord under the terms and conditions of this Lease. It is expressly understood (i) that time shall be of the essence; (ii) that the failure of Landlord to exercise any right hereunder shall not constitute a waiver of any other or further default of Tenant, including any other or further default in the payment of Rent when due; and (iii) except as provided in this Section 17.2, the enumeration herein of express rights, options and privileges shall not limit Landlord thereto nor deprive Landlord of any other remedy or action or cause of action by reason of any default of Tenant, notwithstanding termination of Tenant's right to possession. Tenant shall pay Landlord for all costs and expenses, including reasonable attorneys' fees and interest on all sums due at the rate of 15% per annum, compounded daily from each due date until paid in full, incurred by Landlord in connection with the recovery of any Rent due and unpaid under the terms of this Lease.
Remedies for Tenant Default