Common use of Termination Expense Clause in Contracts

Termination Expense. In consideration of Agent’s efforts, Owner agrees to pay Agent a termination fee equal to % of one month’s rent, if Owner terminates this agreement for any reason while there is a lease in effect for the premises. Termination by the owner: The owner may terminate the contract with thirty days notice as a result of non- performance by the managing agent per terms and understandings, at which point there would be no termination expense.

Termination Expense. In consideration of Agent’s efforts, Owner agrees to pay Agent a termination fee equal to 35% of one month’s rent, if Owner terminates this agreement for any reason while there is a lease in effect for the premises. Termination by the owner: The owner may terminate the contract with thirty days notice as a result of non- performance by the managing agent per terms and understandings, at which point there would be no termination expense.