Which clause in a lease allows for its termination under certain conditions?

The termination clause in a lease is specifically designed to outline the conditions under which the lease can be ended before the agreed-upon expiration date. This clause typically details the rights and responsibilities of both the landlord and tenant regarding the circumstances that would lead to the termination of the lease, such as breaches of contract, failure to pay rent, or unforeseen circumstances like property damage.

By defining these conditions, the termination clause provides both parties with clarity on the process and any potential repercussions involved in terminating the lease. This is an essential aspect of lease agreements, as it protects the interests of both parties and ensures that there is a clear understanding of how the lease can be legally dissolved if necessary.

In contrast, other clauses serve different purposes. The renewal clause typically addresses the conditions under which a lease can be extended, the payment clause focuses on the requirements for rent payments, and the default clause outlines what constitutes a breach of the lease agreement. Each serves a unique function within the context of a lease, but only the termination clause specifically governs lease termination procedures.