Termination of lease

Querist : Anonymous (Querist) 22 February 2011 This query is : Resolved
The clause: Provision for earlier termination: The lease may be terminated by either party by giving 3 months notice in writing or 3 months rent in lieu thereof.

I would like to know if I, Lessor, can terminate the lease by giving 3 months notice or 3 months rent? or is there any other way I can have my tenants vacate the premises? Does the clause entitle me to give the notice or the rent to vacate them?

Your reply would greatly help me.

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Bhushan V. Kale (Expert) 22 February 2011
As there is a specific clause in the agreement, it is binding upon you. You have to issue 3 months notice or 3 months rent.

s.subramanian (Expert) 23 February 2011
Yes. The siad clause binds you also.

Basavaraj (Expert) 23 February 2011
without doubt clauses shall be binding on both parties

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