Common use of T E RM Clause in Contracts

T E RM. The term of this Agreement is for 12 months, commencing on the , and terminating at midnight on . The length of the term is months and days. Tenant is not entitled to give a 30-day Notice to Vacate prior to the end of the minimum term. Should Tenant fail to occupy the Premises for the minimum term for any reason, such shall be breach of the agreement, and Tenant shall be liable to Landlord for damages resulting from such breach, such as loss of rent until the unit is re-rented or the completion of the minimum term, whichever is less, advertising costs, reimbursement of any move-in credits given to replacement tenants, leasing fees, utility costs while vacant, yard maintenance costs while vacant, transportation costs to show until re-rented, and other costs and fees as described within this Rental Agreement.

Appears in 3 contracts

Sources: Landlord Tenant Rental Agreement, Rental Agreement, Landlord Tenant Rental Agreement