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Property Management

Fixture Clause Addresses whether or not fixtures installed by tenant can or cannot be removed after expiration of tenacy.
Sub-Lease Clause Prohibits tenant from sub-leasing without consent of landlord.
Assignment of Lease Clause Prohibits assignment without lessors consent.
Lease runs with land When ownership of leased property transfers, the lease continues to be binding on the tenant as well as new owner.
Performance expiration Tenant meets obligation under lease.
Mutual agreement Tenant and landlord agree to terminate lease before expiration.
Eviction Legal or constructive
Operation of the law Bankruptcy, condemnation, foreclosure, tax sale.
Created by: Jgjg