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Form #1190

rental agreement addendum - Rights of landlord upon attempted assignment or sublease

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Free to use: form regarding the rights of landlord upon attempted assignment or sublease.

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Rights of landlord upon attempted assignment or sublease.

A. [Note: Under this form, the lessee can be forced to surrender the entire leasehold upon an attempted assignment or sublease of all or any part of the premises.] Before entering into any assignment of this lease or into a sublease of all or part of the premises, lessee shall give written notice to lessor identifying the intended assignee or sublessee by name and address and specifying the terms of the intended assignment or sublease. For a period of 30 days after such notice is given, lessor shall have the right by written notice to lessee to terminate this lease as of a date specified in such notice, which date shall not be less than 30 days nor more than 60 days after the date such notice is given by lessor. If lessor so terminates this lease, lessor may, if it elects, enter into a new lease covering the premises with the intended assignee or sublessee on such terms as lessor and such person may agree or enter into a new lease covering the premises with any other person; in such event, lessee shall not be entitled to any portion of the profit, if any, which lessor may realize on account of such termination and reletting. From and after the date of such termination of this lease, lessee shall have no further obligation to landlord under this lease, except for matters occurring or obligations arising under this lease prior to the date of such termination.

B. [Note: Under this form, tenant can be forced to surrender only that portion of the leasehold that is attempted to be assigned or sublet.] Before entering into any assignment of this lease or into a sublease of all or part of the premises, lessee shall give written notice to lessor identifying the intended assignee or sublessee by name and address and specifying the terms of the intended assignment or sublease. For a period of 30 days after such notice is given, lessor shall have the right by written notice to lessee to terminate this lease entirely if the intended assignment or sublease covers all of the premises, or, if such assignment or sublease covers a portion of the premises, to terminate this lease as to such portion of the premises. Any such written notice by lessor shall identify a termination date which shall not be less than 30 days nor more than 60 days after the date on which such notice by lessor is given. If lessor so terminates all or part of this lease pursuant to this Section —, lessor may, if it elects, enter into a new lease covering the premises or relevant portion of the premises with the intended assignee or sublessee on such terms as lessor and such person may agree or enter into a new lease covering the premises or relevant portion of the premises with any other person; in such event, lessee shall not be entitled to any portion of the profit, if any, which lessor may realize on account of such termination and reletting. From and after the date of such termination of this lease or relevant portion of this lease as described in this Section —, lessee shall have no further obligation to lessor under the terminated lease or terminated portion of this lease, except for matters occurring or obligations arising under this lease prior to the date of such termination. If any such termination under this Section — affects only a portion of the leased premises, the [financial] obligations of lessee under Sections — and — of this lease shall be reduced on a — [e.g., proportionate] basis to reflect the reduced amount of space to be occupied by lessee. [Insert any other provisions to reflect any other adjustments in lease provisions that would be necessitated by a partial termination of the lease.]



 
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Name of Firm FastDue.com
Location Fairfield, Iowa, United States
Total Forms Contributed 74
Phone 641-209-1761
Website http://fastdue.com
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Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: rental form, tenant agreement.

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