Talk:Leasehold Interest: Difference between revisions
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19. In the event of any default of any of the terms and conditions of this license agreement. and except where otherwise | 19. In the event of any default of any of the terms and conditions of this license agreement. and except where otherwise | ||
stated, the Owner shall have the following rights: | stated, the Owner shall have the following rights: | ||
::a) On fourteen days prior written notice of default delivered, or deemed received under the terms of this license | ::a) On fourteen days prior written notice of default delivered, or deemed received under the terms of this license, <b><u>to terminate this license agreement and re-enter upon the above Site and repossess it.</b></u> | ||
::b) To sue for any overdue payments or damages arising out of a breach of this license together with interest. (at the Courts of Justice Act Rate), Legal Costs together with any other costs of any nature or kind which may be incurred in repossessing the Site and collecting overdue payments or damages. | ::b) To sue for any overdue payments or damages arising out of a breach of this license together with interest. (at the Courts of Justice Act Rate), Legal Costs together with any other costs of any nature or kind which may be incurred in repossessing the Site and collecting overdue payments or damages. | ||
::c) To seize any goods or property on the Site subject to any applicable provisions of the law and to sell the same to recover any monies or damages owing. | ::c) To seize any goods or property on the Site subject to any applicable provisions of the law and to sell the same to recover any monies or damages owing. | ||
::d) To bar the Occupant, members of their family, guests, visitors or other persons attending at the Occupant's Site or with the Occupant's permission from: | |||
::::i) Staying past 8:00 p.m. on any night of the aforementioned fourteen (14) days | |||
::::ii) Attending or participating in any common activities as may be held in the Park. | |||
:... | |||
22. <b><u>In the event that this Site shall be repossessed under the terms of this license</b></u>, any goods including any trailer that the Occupant has left on the Site shall be deemed to be an article as defined by the Repair and Storage Liens Act of Ontario, (hereinafter referred to as "the Act"), and may be removed by the Owner who shall be deemed to be a lien claimant and storer under the Act, to whatever location the Owner deems appropriate and the Owner in such removal and storage will not be responsible for any loss or damage to such goods. The Occupant will be responsible for any storage costs and moving costs incurred, together with any outstanding rent or charges or any other monies due under this agreement and the Owner may recover costs and/or monies owing in accordance with the provisions of the Act | |||
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This Agreement signed the <u>4<sup>th</sup></u> day of <u>July</u>, <u>2020</u>, at <u>the city of Kitchener</u> Ontario <b><u>shall be binding upon the | |||
heirs, executors, administrators and permitted assigns of the parties hereto.</b></u> | |||
Latest revision as of 14:55, 18 August 2022
Case Study
Bingemans License to Occupy
19. In the event of any default of any of the terms and conditions of this license agreement. and except where otherwise stated, the Owner shall have the following rights:
- a) On fourteen days prior written notice of default delivered, or deemed received under the terms of this license, to terminate this license agreement and re-enter upon the above Site and repossess it.
- b) To sue for any overdue payments or damages arising out of a breach of this license together with interest. (at the Courts of Justice Act Rate), Legal Costs together with any other costs of any nature or kind which may be incurred in repossessing the Site and collecting overdue payments or damages.
- c) To seize any goods or property on the Site subject to any applicable provisions of the law and to sell the same to recover any monies or damages owing.
- d) To bar the Occupant, members of their family, guests, visitors or other persons attending at the Occupant's Site or with the Occupant's permission from:
- i) Staying past 8:00 p.m. on any night of the aforementioned fourteen (14) days
- ii) Attending or participating in any common activities as may be held in the Park.
- ...
22. In the event that this Site shall be repossessed under the terms of this license, any goods including any trailer that the Occupant has left on the Site shall be deemed to be an article as defined by the Repair and Storage Liens Act of Ontario, (hereinafter referred to as "the Act"), and may be removed by the Owner who shall be deemed to be a lien claimant and storer under the Act, to whatever location the Owner deems appropriate and the Owner in such removal and storage will not be responsible for any loss or damage to such goods. The Occupant will be responsible for any storage costs and moving costs incurred, together with any outstanding rent or charges or any other monies due under this agreement and the Owner may recover costs and/or monies owing in accordance with the provisions of the Act
- ...
This Agreement signed the 4th day of July, 2020, at the city of Kitchener Ontario shall be binding upon the heirs, executors, administrators and permitted assigns of the parties hereto.
