Common use of Surrender at Termination Clause in Contracts

Surrender at Termination. Upon termination of this Lease, or upon termination of ▇▇▇▇▇▇'s tenancy, whether by the lapse of time or otherwise, ▇▇▇▇▇▇ shall surrender the leased premises to Lessor, maintained in the manner herein required. If Lessee retains possession of the leased premises or any part thereof after the termination of this Lease or upon termination of ▇▇▇▇▇▇'s tenancy, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Lessor may treat such retention of possession as constituting a renewal of this Lease, and so bind Lessee, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude ▇▇▇▇▇▇'s rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 1 contract

Sources: Lease Agreement

Surrender at Termination. Upon termination of this Lease, or upon termination of ▇▇▇▇▇▇Lessee's tenancy, whether by the lapse of time or otherwise, ▇▇▇▇▇▇ Lessee shall surrender the leased premises to Lessor, maintained in the manner herein required. If Lessee retains possession of the leased premises or any part thereof after the termination of this Lease or upon termination of ▇▇▇▇▇▇Lessee's tenancy, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Lessor may treat such retention of possession as constituting a renewal of this Lease, and so bind Lessee, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude ▇▇▇▇▇▇Lessor's rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 1 contract

Sources: Lease Agreement

Surrender at Termination. Upon termination of this Lease, or upon termination of ▇▇▇▇▇▇'s tenancy, whether by the lapse of time or otherwise, ▇▇▇▇▇▇ shall surrender the leased premises to Lessor, maintained in the manner herein required. If Lessee retains possession of the leased premises or any part thereof after the termination of this Lease or upon termination of ▇▇▇▇▇▇'s tenancy, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Lessor may treat such retention of possession as constituting a renewal of this Lease, and so bind Lessee, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude ▇▇▇▇▇▇'s rights of re-re- entry or any other rights or remedies provided or allowed by law herein.

Appears in 1 contract

Sources: Lease Agreement