Right to Re-let Sample Clauses
The Right to Re-let clause grants the landlord the authority to lease the premises to a new tenant if the original tenant vacates or abandons the property before the lease term ends. In practice, this means that if a tenant breaks the lease or is evicted, the landlord can immediately seek a replacement tenant without waiting for the original lease to expire. This clause helps minimize the landlord’s financial losses by allowing them to mitigate damages and maintain rental income, addressing the problem of vacancies caused by tenant default.
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Right to Re-let. Should the Lessor elect to re-enter, as herein provided, or should it take possession pursuant to legal proceedings or pursuant to any notice provided for by law, it may either terminate this Lease or it may from time to time without terminating this Lease, make such alterations and repairs as may be necessary in order to re-let the Leased Premises, and re-let the Leased Premises or any part thereof as agent for the Lessee for such term or terms (which may be for a term extending beyond the Term of this Lease) and at such rental or rentals and upon such other terms and conditions as the Lessor in its sole discretion may deem advisable; upon each re-letting all rentals received by the Lessor from such re-letting shall be applied; first, to the payment of any indebtedness other than rent due hereunder from the Lessee to the Lessor; second, to the repayment of any reasonable costs and expenses of such re-letting, including brokerage fees and solicitors’ fees and of costs of such alterations and repairs; third, to the payment of Rent due as the same may become due and payable hereunder. If such Rent received from such re-letting during any month be less than that to be paid during that month by the Lessee hereunder, the Lessee shall pay any such deficiency to the Lessor. Such deficiency shall be calculated and paid monthly. No such re-entry or taking possession of the Leased Premises by the Lessor shall be construed as an election on its part to terminate this Lease unless a written notice of such intention be given to the lessee or unless the termination thereof be decreed by a court of competent jurisdiction. Notwithstanding any such re-letting without termination, the Lessor may at any time thereafter elect to terminate this Lease for such previous breach. Should the Lessor at any time terminate this Lease for any breach, in addition to any other remedies it may have, it may recover from the Lessee all damages it may incur by reason of such breach, including the cost of recovering the Leased Premises, and including the worth at the time of such termination of the excess, if any, of the amount of Rent and charges equivalent to Rent reserved in this Lease for the remainder of the Term hereof over the then reasonable rental value of the Leased Premises for the remainder of the Term hereof, all of which amounts shall be immediately due and payable from the Lessee to the Lessor. In determining the Rent which would be payable by the Lessee hereunder, subsequent t...
Right to Re-let. In the event of a default by Lessee, Lessor may elect to re-enter the demised premises and attempt to re-let said premises. Lessor's only responsibility shall be to offer the premises for rent and make the usual and normal efforts to re-let said premises. Lessee shall be liable to Lessor for any deficiency between the amount of rental received, if any, and the amount which Lessee is obligated to pay under the terms of this Lease and for any other damages, including attorney's fees, suffered by Lessor. Lessor's right to re-let is in addition to any other remedies available to Lessor.
Right to Re-let. If the Landlord becomes entitled to re-enter the Lands the Landlord shall have the right, if it thinks fit, to enter the Lands as the agent of the Tenant either by force or otherwise without being liable for any prosecution therefor, and as agent of the Tenant to re-let the Lands or any part or parts thereof at the risk of the Tenant and, as agent for the Tenant, to receive the rent therefor and, as agent for the Tenant, to take possession of any furniture, equipment and other property therein and sell the same at public or private sale without notice. Such rent and proceeds from the sale of the furniture, equipment and other properties shall be allocated first to the Landlord's cost of so entering and re-letting, then to interest on amounts due by the Tenant to the Landlord hereunder and unpaid, and then to the payment of such unpaid sums. The balance of such rent and proceeds, if any, may be applied by the Landlord on account of the rent due hereunder to the Landlord.
Right to Re-let. At any time or from time to time after the repossession of the Premises or any part thereof pursuant to Section 15.03, whether or not this Lease shall have been terminated pursuant to Section 15.02, Landlord may (but shall be under no obligation) re-let the Premises or any other part thereof for the account of Tenant, in the name of Tenant or Landlord or otherwise, without notice to Tenant, for such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the Term) and on such conditions (which may include concession or free rent) and for such uses as Landlord, in its absolute discretion, may determine, and Landlord may collect and receive any rents payable by reason of such re-letting. Landlord shall not be responsible or liable for any failure to collect any rent due upon such re-letting.
Right to Re-let. Should Landlord elect to re-enter as herein provided for above, or should it take possession pursuant to legal proceedings or pursuant to any notice provided by law, it may either terminate this Lease or it may from time to time, without terminating this Lease, make such alterations and repairs as may be necessary in order to re-let said Premises or any part thereof for such terms (which may be for a term extending beyond the term of this Lease) and at such rental or rentals and upon such other terms and conditions as Landlord in its sole discretion deems advisable.
Right to Re-let. If the Lessee abandons or vacates said premises, the same may be re- let by Lessor, for such rent and upon such terms as Lessor may see fit. If a sufficient sum shall not thus be realized, after paying the expenses of such re-letting and collecting to satisfy the rent hereby reserved, ▇▇▇▇▇▇ agrees to satisfy and pay all deficiencies upon demand.
Right to Re-let. Upon the happening of any event of default, Landlord may, whether or not Landlord has elected to terminate this Lease as above provided, re-enter and relet the Demised Premises, or any part thereof, for such term or terms and at such rent or rentals and upon such other terms and conditions as Landlord may deem advisable, with the right to make alterations and repairs. No such re-entry or taking of possession shall be construed as an election on Landlord's part to terminate this Lease unless a written notice of termination be given to Tenant as heretofore provided. Tenant shall, in the case of any such reletting, remain liable to Landlord for damages for breach of Tenant's covenants under this Lease in any amount equal to the Rent which would be payable hereunder for the balance of the Term, plus all costs, interest, and expenses incurred by Landlord in connection with re-entry and the repair, renovation, brokers' commissions, attorneys' fees and other charges incurred in connection with the remodeling and/or repair of the Demised Premises and the reletting thereof, less the net avails, if any, of any such reletting.
Right to Re-let. Landlord may exercise its right to re-enter under Section 11.1 or take possession pursuant to legal proceedings or pursuant to any notice provided for by Applicable Law and, without terminating this Lease, make such reasonable alterations and repairs as may be necessary to relet the Leased Premises, and relet all or any part of the Leased Premises as the agent of and for the account of Tenant upon such terms and conditions as Landlord may deem advisable. Upon any such relettings, the rents received therefrom are to be applied to (a) the expenses of reletting and collection of rents, including the costs of the renovation and alteration of the Leased Premises, or portion thereof, (b) reasonable attorneys' fees and real estate commissions and other repossession costs paid, and (c) thereafter to make such payment of all sums due or to become due Landlord under this Lease. If a sufficient sum is not then realized from such reletting to pay such amounts set forth in the immediately preceding sentence, Tenant is to pay Landlord any such deficiency, on demand, and Landlord may bring an action against Tenant therefor as each and every such deficiency arises. Notwithstanding any reletting pursuant to this Section, Landlord may at any time thereafter elect to terminate this Lease for such Event of Default.
Right to Re-let. If Landlord re-enters the Premises as provided in Section 18.3 hereof, or if it takes possession pursuant to legal proceedings, arbitration or otherwise, it may either terminate this Lease or it may, from time to time, without terminating this Lease, make such alterations and repairs as it deems advisable to re-let the Premises, and re-let the Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) and at such rentals and upon such other terms and conditions as shall be commercially reasonable (Landlord hereby agreeing to use commercially reasonable efforts to re-let the Premises); upon each such re-letting all rentals received by Landlord therefrom shall be applied, first, to any indebtedness other than Rent due hereunder from Tenant to Landlord; second, to pay any reasonable costs and expenses of re-letting, including without limitation, reasonable brokers and attorneys' fees and reasonable costs of advertising, alterations and repairs; third, to Rent due hereunder, and the residue, if any, shall be held by Landlord and applied in payment of future Rent as it becomes due hereunder. If rentals received from such re-letting during any month are less than that to be paid during that month by Tenant hereunder, Tenant shall immediately pay any such deficiency to Landlord. No re-entry or taking possession of the Premises by Landlord shall be construed as an election to terminate this Lease, unless a notice of such termination is given by Landlord.
Right to Re-let. At any time or from time to time after the repossession of the Premises or any part thereof pursuant to Paragraph 21(b)(2), whether or not this Lease shall have been terminated pursuant to Paragraph 21(b)(1), Landlord may (but shall be under no obligation to) re-let the Premises or any other part thereof for the account of Tenant, in the name of Tenant or Landlord or otherwise, without notice to Tenant, for such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the Term) and on such conditions (which may include concession or free rent) and for such uses as Landlord, in its absolute discretion, may determine, and Landlord may collect, receive and retain any rents payable by reason of such re-letting. Landlord shall not be responsible or liable for any failure to collect any rent due upon such re-letting. Tenant shall have no right to any rent received by Landlord from such reletting in excess of the Rent. Landlord shall not be responsible or liable for any failure to collect any rent due upon such re-letting.