option to terminate

option to terminate
A provision in a lease giving the right or privilege to both parties, or one of them, to terminate the lease either at will or on the happening of some contingency, such as the destruction of or injury to the premises, or the decision of the landlord to sell, alter, or improve the property. Anno: 27 ALR 845, 35 ALR 519, s.116 ALR 931.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Option fee — In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money. The use of option fees is most common in the residential… …   Wikipedia

  • Terminate and Stay Resident — (TSR) is a computer system call in DOS computer operating systems that returns control to the system as if the program has quit, but keeps the program in memory. Many software vendors use the call to create the appearance of multitasking, by… …   Wikipedia

  • Aircraft finance — refers to financing for the purchase and operation of aircraft. Complex aircraft finance (such as those schemes employed by airlines) shares many characteristics with maritime finance, and to a lesser extent with project finance.Private… …   Wikipedia

  • Daniel Puder — Born October 9, 1981 (1981 10 09) (age 30) Cupertino, California, United States Residence …   Wikipedia

  • Columbia River Treaty — The Duncan Dam was required under the Treaty, and was completed in 1967. It has no powerhouse and remains purely a storage project …   Wikipedia

  • Bob Lassiter — Infobox Radio Presenter name = Bob Lassiter alias = Mad Dog imagesize = caption = birthname = Robert Henry Glodowski birthdate = September 30, 1945 birthplace = Camden, New Jersey deathdate = October 13, 2006 deathplace = Tampa, Florida show =… …   Wikipedia

  • Gwinnett County Ballpark — is a new stadium in Lawrenceville, Georgia, a suburb of Atlanta in Gwinnett County, that is currently in the construction stages. It will be primarily used for baseball and will be home to the relocated Richmond Braves, to be known as the… …   Wikipedia

  • WTVT — Tampa St. Petersburg, Florida Branding Fox 13 (general) Fox 13 News (newscasts) Slogan The Most Powerful Name in Local News (primary) We ve Got You Covered (secondary) …   Wikipedia

  • Courtney Sims — Position Center Height 6 ft 11 in (2.11 m) Weight 245 lb (111 kg) League LBL Baltic League VTB United League ULEB Eurocup Team BK VEF R …   Wikipedia

  • expiration of term — An ending of the term of a lease by the lapse of the time provided by the lease for its duration. 32 Am J1st L & T § 138. Any termination of a lease, whether by expiration of the period of the lease or by the occurrence of a condition which calls …   Ballentine's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”