Lease Termination Clause Explained

Summary

Lease agreements often include clauses that protect landlords in cases of early termination due to tenant misconduct. Clause 11.2(ii)(cc) ensures landlords are compensated for lost rent, reflecting mutual agreement and safeguarding interests. Its a common, non-punitive provision in commercial leases to allocate financial risk. Clause 11.4 allows termination if the tenant is convicted of illegal activities, with the landlord entitled to claim losses. The tenant cannot claim losses upon such termination. For specific concerns, consult a local attorney.

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(a) Without prejudice to any other rights of CYBERVIEW, if the Tenant, its personnel, servants or employees is convicted by a court of law for corruption or unlawful or illegal activities in relation to this Agreement, CYBERVIEW shall be entitled to terminate this Agreement at any time, by giving immediate written notice to that effect to the Tenant. (b) Upon such termination, CYBERVIEW shall be entitled to all losses, costs, damages and expenses (including any incidental costs and expenses) incurred by CYBERVIEW arising from such termination. (c) For the avoidance of doubt, the Parties hereby agree that the Tenant shall not be entitled to any form of losses including loss of profit, damages, claims or whatsoever upon termination of this Agreement pursuant to Clause *.*(a) above
It seems you have a query about a contractual clause related to termination due to illegal activities. Here's a brief breakdown:
- Clause *.*(a): CYBERVIEW can terminate the agreement if the tenant is convicted of illegal activities.
- Clause *.*(b): CYBERVIEW can claim losses, costs, and damages from such termination.
- Clause *.*(c): The tenant cannot claim losses upon termination under this clause.
Do you have a specific question about these clauses or need more information on a related issue?