What is a typical break clause?

Break clauses are typically inserted at the middle point of a contract. For example, a 12-month long contract would have a break clause at the six-month point, allowing the renter or the landlord to end the AST after six months instead of 12. A 24-month contract would have a break clause after 12 months.

Can a break clause be implied?

Even if a lease doesn’t state that vacant possession is going to be required of the property on the break date, this will be implied.

How do you work out a break clause?

Break clause – You must have the right to exercise the break clause. If you are not the original tenant (for example, the lease was assigned to you from the previous tenant) then you will need to check, in your lease, whether the break right is expressed to be personal to the original tenant under the lease.

Do landlords have to give a break clause?

You must normally get the agreement of your landlord and the other tenants to give notice to end your fixed term joint tenancy. If your fixed term joint tenancy has a break clause you have to get all the tenants to agree to end the tenancy, unless your agreement says otherwise.

How are tax apportionment clauses used in estate planning?

The tax apportionment clause dictates which beneficiaries will bear the burden of the estate tax. For example, should the recipient of property bear his or her share of the tax, or should the tax be paid from the residue, thereby allocating the tax to the residuary beneficiaries?

What was the apportionment clause in the Constitution?

Fourteenth Amendment, Section 2: Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed.

What is the tax apportionment clause in Lurie?

In Lurie, the tax apportionment clause in the decedent’s revocable trust agreement directed the trustee to pay all taxes; this provision essentially directed that the taxes be paid from the residue rather than from the specific assets generating the tax.

How is Estate Tax apportioned in the Uniform Act?

Consistent with the concept of equitable apportionment, the Uniform Act directs that estate tax be apportioned to the gross estate reduced by (1) claims or expenses allowable as a deduction, (2) property that qualifies for a marital or charitable deduction or is otherwise deductible or is exempt, and (3) any amount added to the gross