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An Important Legal Characteristic Of An Option-To-Buy Agreement Is That

TERMINATION – A written notification from a lessor to its lessee stating that the lessor intends to repossess the leased premises and that the lessee is required to terminate and move away from the premises, either at the end of the rental period or immediately, and to move away from the premises in the event of a rental agreement or if the lease is concluded or out of suffering; sometimes the tenant refers to the landlord that he intends to abandon the property on a given day. LOCUS SIGILLI – Latin for „under seal“, used in the abbreviated form „L.S.“, at the end of the signature line in some formal legal documents; instead of the seal itself used. .