Norman, OK asked in Business Formation, Real Estate Law and Landlord - Tenant for Oklahoma

Q: What does "Null & Void" mean? Does that absolve both parties of the lease and if so would I be liable for rest of year?

Real Estate:

Can I get clarification as to the use of 'Null and Void' in the following contract stipulation? I would like to know if null and void would 'break the lease' in a way that absolves both the TENANT and the LEASER.

"Owner and Tenant have discussed potential for high traffic and parking.

Tenant agrees that if this business provides a high level of traffic and a high level of parking that

affects the other businesses in this complex, that the owner/management may make this contract

null and void, breaking the lease without refund of deposit and providing a 60 day notice."

1 Lawyer Answer
Doak Willis
Doak Willis
Answered
  • Tahlequah, OK
  • Licensed in Oklahoma

A: That would mean the contract has become inoperable due to a term thue each party being released from the contract.

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