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Form51.16 (Rev. 10/14) <br />Page 34 of 35 <br />(4)Violation of this section shall constitute grounds for termination of the Lease. Lessor, <br />shall notify Lessee when, in Lessor’s opinion, Lessee has violated the provisions of this <br />section. Lessee shall immediately discontinue the conduct and respond within five (5) <br />business days. Lessee shall take all measures necessary to remedy the condition. <br />14. QUITCLAIM <br />Lessee shall, upon the early termination of this Lease and at Lessor’s request, execute and <br />deliver to Lessor in a form provided by Lessor a good and sufficient release of all rights under <br />this Lease. Should Lessee fail or refuse to deliver such a release, Lessor may record a written <br />notice reciting such failure or refusal. This written notice shall, from the date of its recordation, <br />be conclusive evidence against Lessee of the termination of this Lease and all other <br />claimants. <br />15. HOLDING-OVER <br />(a) This Lease shall terminate without further notice upon the expiration of the term of this <br />Lease. Lessee shall have removed any Improvements and completed any restoration as <br />required by Lessor prior to the expiration of this Lease, and shall surrender possession of the <br />Lease Premises. Any failure by the Lessee to remove Improvements, restore the Lease <br />Premises, and/or surrender possession of the Lease Premises at the expiration or sooner <br />termination of this Lease shall not constitute a renewal or extension and shall not give <br />Lessee any rights in or to the Lease Premises or any part thereof except as expressly <br />provided in this Lease. Lessee shall be deemed in unlawful detainer of the Lease Premises <br />and Lessor shall be entitled to all resulting legal remedies. <br />(b) Lessor may, in its sole discretion, choose to accept Rent for the Lease Premises instead <br />of immediately taking legal action to recover possession of the Lease Premises. Any <br />tenancy created by operation of law on Lessor’s acceptance of rent shall be deemed a <br />month-to-month tenancy regardless of what sum or sums Lessee delivers to Lessor. Except <br />as set forth below, any subsequent tenancy created in this manner shall be on the same <br />terms, covenants, and conditions set forth in this Lease insofar as such terms, covenants, <br />and conditions can be applicable to a month-to-month tenancy <br />(c) In recognition of the increased accounting, land management, and supervisory staff <br />time required for month-to-month tenancies, the rent for each month or any portion <br />thereof during such holdover period may be an amount equal to one hundred fifty <br />percent (150%) of one-twelfth (1/12) of the total compensation for the most recent year <br />paid. In the event this Lease does not require monetary compensation, Lessor shall have <br />the right to establish rent based on the fair market value of the Lease Premises. The <br />month-to-month tenancy may be terminated by Lessee or Lessor upon thirty (30) calendar <br />days’ prior written notice to the other. <br />DocuSign Envelope ID: 8D8CF2E2-DF6D-4A11-B610-2B1544DD7C30