Specify Owner Defaults, Your Remedies in Lease

March 27, 2013
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Tenants and owners typically negotiate lease responsibilities they think they can stick to. After all, violations of lease terms can be costly and, depending on what type of infraction is involved, time consuming as well. Despite an owner’s and a tenant’s best intentions, there’s still the potential for something to go wrong. During negotiations you may focus on the sections of the lease that address your defaults and the owner’s remedies in the event that you do default. Don’t forget that an owner can violate the lease, too.

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