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Yearly Periodic Lease
A lease agreement that automatically renews each year unless terminated by either party.
Termination Clause
A provision within a contract that outlines the conditions under which the contract may be terminated before its natural end date.
Notice of Termination
A written statement provided by one party to another indicating the intention to end an agreement or employment at a specified time.
Commercial Lease
An agreement between a landlord and a business to rent commercial property.
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