Simple leased a small shop from Simon for a five-year term.The shop was located in a small town.
-Default in the payment of rent would be a basis upon which Simon could re-enter the premises leased by Simple.

Question

Quizplus · Accepted Answer

This is a standard provision in most lease agreements. If the tenant fails to pay rent, the landlord has the right to terminate the lease agreement and re-enter the property.

Simple Leased a Small Shop from Simon for a Five-Year