What defines a 'forfeiture clause' in lease agreements?

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A forfeiture clause in lease agreements is designed to protect the interests of the landlord by providing a mechanism for terminating the lease if the tenant fails to comply with the terms of the agreement. This clause typically outlines specific conditions or violations—such as non-payment of rent, damage to the property, or failure to adhere to other covenants—that may trigger the landlord's right to terminate the lease and regain possession of the property. By including this provision, landlords can ensure that they have recourse in the event that tenants do not fulfill their lease obligations, thereby mitigating potential financial losses or property damage.

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