power of termination

Definition of "power of termination"
  1. The ability of a party who granted property, or their heirs, to reclaim ownership of an estate that was given conditional on a specific term, after a violation of the term has occurred. This returns the estate to the party who initially granted it or to their successors. It is also known as the right of entry or right of reentry
How to use "power of termination" in a sentence
  1. The contract contained a power of termination clause, allowing the lessor to reclaim the property if the lessee failed to adhere to the terms.
  2. Due to the breach of condition by the tenant, the landlord exercised his power of termination to reclaim the rented premises.
  3. Upon violation of leasing conditions by the company, the initial owner invoked the power of termination to regain their property.

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