"And it is further agreed that if the Lessee with the consent of the lessor shall continue in possession of the said premises after the expiration of the said term, or any renewal hereof,then thisagreement shall become immediately operative for another like term, and the lessor shall have the right to enforceany of the conditions of the forfeitures of the agreement,including the confession of judgement, withthe waiver,etc.as if a new agreement identical with this day been executedby the said parties for the succeedingterm or terms with the provision that in case any particular conditions are set forth in this lease to take effect upon a renewal thereof,then should there by any such renewal as above provided for, the said particular conditions shall take effect upon such renewal,but they shall apply to only such parts of this lease as it is stated herein that they are intended to supersede and shall in no way affect any of the remining parts of this lease."
I live in Pennsylvania.
2007-07-04 17:02:13 · 4 answers · asked by kayo 1 in Business & Finance ➔ Renting & Real Estate
I would say that it means that if you stay beyond the date the lease expires with the landlord's consent or you actually renew the lease, all the terms of the original lease will still apply and the lease will be considered to be renewed for the original term of the original lease. EX: If lease was originally for one year and you either stay past the date the lease expires with the landlord's consent or you actually renew the lease, the new lease will be for one year also.
2007-07-04 17:08:59 · answer #1 · answered by caddemd 2 · 1⤊ 1⤋
It states that upon expiration the lease automatically renews for another term equal to the initial term. So if it was a one year lease and you don't move or ask for a new lease, the lease is automatically renewed for one more year. The specific wording that says it is extended for one more year is: "...this agreement shall become immediately operative for another like term..."
This is an antiquated lease, IMHO. For one thing, it refers to a "confession of judgment" clause. Confession of judgment clauses were generally tossed out by the courts decades ago as unenforceable, back in the 1970s if memory serves correctly. The same may apply to the waiver referred to. It is also written in mind-numbingly stilted legalese common about 30 to 40 years ago.
If you are involved in a dispute with your landlord, I'd seriously consider having an attorney review the lease. I'm not an attorney but I do know about the Confession of Judgment issue as I encountered it a couple of times back in the 1980s and it was tossed out by the judge as unenforceable and contrary to public policy. It's entirely likely that there are other clauses that are unenforceable as well. And you need someone who can "translate" it into plain English for you.
2007-07-05 01:25:21 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 1⤋
What I get of what it says is that it will continue in force as long as any changes made have the approval of both parties.
So at the end of the term of the lease changes can be made & if both parties agree to the changes the rest of the lease stands.
IE The land lord wants a raise in rent & you say OK & it is another year lease.
Term of lease is ending & you want to leave so you go.
There are usually rules governing notice of rent increases & notice of moving out,
So some time before the term of the lease is up any party wanting to change or end the lease notifies the other.
2007-07-05 00:54:40 · answer #3 · answered by Floyd B 5 · 0⤊ 2⤋
basically it's saying the terms of that lease apply even if that lease expires but you stay in the unit and do month to month.
2007-07-05 00:06:50 · answer #4 · answered by Anonymous · 1⤊ 1⤋