WebThe rights, remedies and obligations contained in this agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the … WebCumulative Rights are any specific right or remedy provided in a contract will not be exclusive but will be cumulative of all other rights and remedies. . Under older legal …
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WebDefine Rights Cumulative. No right, remedy or recourse conferred upon or reserved to Landlord by this Lease is intended to be exclusive of any other right, remedy or … Webexpiration of a lease would be deemed to be holding an estate at sufferance. Dual Legal Nature of Lease . A lease is an oral or written agreement that creates and governs, by express or implied terms, a landlord-tenant relationship. A lease has two characteristics, each of which has its own set of rights and obligations: 1. how many degrees of freedom
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WebSample 1. Remove Advertising. Controllable Operating Expenses. Landlord hereby agrees that any increases in the Controllable Operating Expenses (as hereinafter defined) shall not exceed five percent (5%) cumulatively from the previous years ’ Controllable Operating Expenses as to Tenant ’s Pro- Rata Share (it is recognized that that Tenant ... WebStandard Clause stating the parties' intention that express rights and remedies set out in the agreement are cumulative and in addition to any other rights or remedies provided by law or equity, and not in substitution for them. If the parties intend that certain express remedies like liquidated damages constitute the exclusive or sole remedy for a particular … Webthe definition of “common area costs” or “operating expenses.” It is in the land-lord’s interest to define the included costs broadly to protect its ability to recover any unknown future charges from the tenant. In contrast, the lease of a highly desir-able tenant will define CAM inclusions quite narrowly and contain broad exclu-sions. high tees