Tuesday, April 10, 2007

Diplomatic Clause?

(John - 28 March 2007) What is a diplomatic clause?

(Miree) : A diplomatic Clause is a Clause in the Lease Agreement that allows early termination of a lease and pre-paid rent to be returned to the Lessee.In Indonesia this clause is not of common practice and even Diplomats have difficulty getting this clause agreed to by the Landlords/Developers.More commonly used in Indonesia is a Sub-Lease Clause in the Lease Agreement.