A Default Of The Agreement

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Fines for infringements of the law should also be governed by the late termination clause of a rental agreement. If a default clause is misformed, landlords and tenants could get stuck in court for years and debate or pursue a case. Ineffective default clauses prevent a landlord from taking a defaulting tenant out of their property and finding a tenant who respects their agreement. Weak default clauses can allow a tenant to exploit his landlords by living in a property without being informed of the rent or properly caring for the property. Here`s what could be a default event in a typical credit agreement clause: There may be a large number of triggering events or circumstances – perhaps twenty or more – in the default events clause. .

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