bankruptcy public notice
Can you explain this clause in my lease?
Usually I can piece together legal writing, however this clause does not make much sense to me at all.
“Any property of Lessees, Sub-Lessees, or through them, coming into or upon leased premises herein, during any time hereof, shall be considered and is assigned hereby to Lessor, for and as additional security hereunder for any amounts that may be due, or become due Lessor, to have and to hold, until all terms and conditions herein are fulfilled and complied with and nothing due Lessor hereunder. On default or any Lessee adjudicated bankruptcy, Lessor may enter leased premises, or take possession thereof where found, with or without demand or notice and sell same with or without notice at public or private sale, upon terms determined by it and may purchase thereof.”
That is the entire clause under the section heading “Security” (This is in no way reflecting the security deposit however). Can anyone help me make heads or tails of this? Thanks for your help!
As already stated, it says that the landlord can take posession of your belongings if you fail to pay your rent. In all honesty though, this doesnt sound like it can be legally binding. Yes, it is in the contract but a landlord cannot put in a contract something that would typically be illegal. Contact your local housing authority and find out if this clause is legal.
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