Fillable Montana Commercial Lease Agreement Template (Page 5 of 8) in pdf

XX. D efault – I f t he T enant d efaults o n t he l ease a greement f or n on-‐payment o f r ent

or f or a ny o ther r eason, t he L andlord a grees t o g ive n otice t o t he T enant g iving t he

Tenant t he r ight t o c ure t he i ssue(s). I f t he T enant d oes n ot c ure t he i ssue(s) w ithin

the a mount o f t ime s tated i n t he n otice, t hen t he L andlord h as t he r ight t o t ake l egal

action.

XXI. N otice o f Q uiet E njoyment – D uring t he t erm o f t he l ease a greement, t he

Tenant h as t he r ight o f q uiet e njoyment o f t he P remises.

XXII. E minent D omain – T he l ease a utomatically b ecomes v oid i f t he P remises a re

taken b y e minent d omain. D uring t he p rocess, t he T enant w ill h ave t o r ight t o c laim:

• Value o f t he L ease A greement

• Loss o f B usiness R evenue

• Moving a nd R elocation E xpenses

XXIII. H olding O ver – I f t he T enant r emains i n p ossession o f t he P remises a fter t he

lease a greement e nds, t he t enancy s hall c ontinue o n a m onth-‐to-‐month, o r “ Tenancy

at W ill,” b asis u nless t he L andlord g ives n otice f or t he T enant t o v acate.

XXIV. D isagreements D uring t he L ease P eriod – I f a d isagreement a rises d uring

the l ease p eriod, t he f ollowing a ctions s hall t ake p lace:

Check A ll T hat A pply

☐ - Litigation -‐ I f a d ispute a rises f rom e ither t he L andlord o r T enant; t he p arties

have t he r ight t o t ake t he m atter t o t he c ourt u nder t he P remises’ j urisdiction.

☐ -‐ M ediation w ith P ossible L itigation – I f t here i s a d ispute b etween t he L andlord

and T enant, a ll p arties a gree t o a ttempt t o c ome t o a n a greement t hrough t he u se o f

an a greed u pon m ediator.

• It i s a greed t hat t he c ost(s) i nvolved i n h iring t he m ediator s hall b e s hared

equally a nd t hat e ach p arty s hall c ooperate i n a g ood f aith a ttempt t o r each a

resolution. B oth p arties a gree t hat t hey s hall a llow t he m ediator t hirty ( 30)

days f rom t he f irst ( 1

) m eeting t o r each a c ompromise b efore g oing t o c ourt.

☐ -‐ M ediation w ith P ossible A rbitration – I f t here i s a d ispute b etween t he L andlord

and T enant, a ll p arties a gree t o a ttempt t o c ome t o a n a greement t hrough t he u se o f

an a greed u pon m ediator.

• It i s a greed t hat t he c ost(s) i nvolved i n h iring t he m ediator s hall b e s hared

equally a nd t hat e ach p arty s hall c ooperate i n a g ood f aith a ttempt t o r each a

resolution. B oth p arties a gree t hat t hey s hall a llow t he m ediator t hirty ( 30)

days f rom t he f irst ( 1

) m eeting t o r each a c ompromise b efore g oing t o t he

arbitrator.

• The a rbitrator s elected w ill b e a t hird ( 3

) p arty t o b e m utually a greed u pon.

The a rbitrator s hall d ecide a ll c osts d irected t owards h iring t he a rbitrator.

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