Common use of Term and Possession Clause in Contracts

Term and Possession. This lease begins on [Lease begin date] and runs through [Lease end date]. Possession will not be provided until the first month's rent, Security Deposit, and preparation fee are paid. If the Premises are not ready on the date this lease commences, the sole damage for which Landlord shall be liable to Tenants is the full abatement of Tenants' prorated rent from the date this lease commences to the date the Premises are ready for occupancy, which date is at Landlord's exclusive determination. If none of the Tenants takes possession on the day it is to be provided, and if Tenants have not given Landlord written notice that they will take possession on a later day, Landlord may presume conclusively that Tenants have abandoned the Premises and re-rent them. SAMPLE

Term and Possession. This lease Lease begins on [Lease begin date] the day of , 20 , and runs through [Lease end date]the day of , 20 . Possession will not be provided until the first month's ’s rent, Security Deposit, and preparation fee are paid. If the Premises are not ready on the date this lease Lease commences, the sole damage for which Landlord shall be liable to Tenants Tenant is the full abatement of Tenants' ’ prorated rent from the date this lease Lease commences to the date the Premises are ready for occupancy, which date is at Landlord's ▇▇▇▇▇▇▇▇’s exclusive determination. If none of the Tenants takes possession on the day it is to be provided, and if Tenants have not given Landlord written notice that they will take possession on a later day, Landlord may presume conclusively that Tenants have abandoned the Premises and may proceed to re-rent them. SAMPLE.

Term and Possession. This lease begins on [Lease begin start date] and runs through [Lease end date]. Possession will not be provided until the first month's rent, Security Deposit, and preparation fee are paid. If the Premises are not ready on the date this lease commences, the sole damage for which Landlord shall be liable to Tenants is the full abatement of Tenants' prorated rent from the date this lease commences to the date the Premises are ready for occupancy, which date is at Landlord's exclusive determination. If none of the Tenants takes possession on the day it is to be provided, and if Tenants have not given Landlord written notice that they will take possession on a later day, Landlord may presume conclusively that Tenants have abandoned the Premises and re-rent them. SAMPLE.