Tenant's Right to Terminate for Failure to Obtain Permits and Licenses (Restaurant Lease) (Pro-Landlord) | Practical Law

Tenant's Right to Terminate for Failure to Obtain Permits and Licenses (Restaurant Lease) (Pro-Landlord) | Practical Law

A Standard Clause for use in a lease agreement between a landlord and a tenant that provides the tenant with a pro-landlord termination right if the tenant cannot obtain its permits and licenses to operate its business at the premises. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips for landlords and tenants. While real estate leases are generally governed by state law, this jurisdictionally neutral standard clause is useful and relevant in every state.

Tenant's Right to Terminate for Failure to Obtain Permits and Licenses (Restaurant Lease) (Pro-Landlord)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Clause for use in a lease agreement between a landlord and a tenant that provides the tenant with a pro-landlord termination right if the tenant cannot obtain its permits and licenses to operate its business at the premises. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips for landlords and tenants. While real estate leases are generally governed by state law, this jurisdictionally neutral standard clause is useful and relevant in every state.