A final consideration for both landlords and tenants is forfeiture provisions. These are often drafted to kick in for breach of any tenant covenant, but the parties may wish to exclude forfeiture for breach of environmental terms to facilitate a more collaborative approach to improving the sustainab...
Term by months - A lease term is the number of scheduled months in your lease agreement. If you finance the purchase of your vehicle, the term represents the number of months you agree to pay off the contract with your scheduled payments. ...
(transitive) To give up into the power, control, or possession of another. Forfeit Lost or subject to loss through forfeiture. Surrender To yield (a town, a fortification, etc.) to an enemy. Forfeit A penalty for or consequence of a misdemeanor. Surrender To give oneself up into the powe...
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Forfeiture - the loss of property or rights by failure to perform certain obligations or by committing a breach of contract. Termination - the act of ending or bringing to an end a legal relationship or agreement.
a buyer fails to meet the terms of an installment land contract, they forfeit their legal rights to the property and any payments remitted. A seller can also regain legal possession of the real estate property through a forfeiture process or sometimes a foreclosure. Does a land contract have ...
Additionally, physical files -- such as bills, receipts, physical copies of birth certificates, Social Security cards or lease information -- can be stolen if an individual's home is broken into. Thieves can sell PII for a significant profit. Criminals might use victims' information without thei...
Typically, landlords notify tenants about the lease renewal a few months before the current agreement expires. Tenants then have the option to renew or decline the offer within a stipulated time frame. Failing to adhere to the renewal period might result in automatic renewal or forfeitu...
Sean T. Conley, Esq., MPA, is an associate at Helmer, Paul, Conley & Kasselman. Sean did his undergraduate work at Ursinus College and attended law school at Rutgers- Camden, graduating with his JD as well as a Master's of Public Administration (MPA). He primarily focuses his practice ...
The landlord cannot exercise its right of re-entry, forfeiture or any other right with an equivalent outcome due to non-payment of rent. The above applies notwithstanding any contrary provisions under the underlying leases. A landlord who contravenes the provisions under the CO...