In 1989, the designers reviewed the most current projections in climate modeling and decided to raise the entire plant about 1.9 feet higher to accommodate potential sea level change for at least the first 50 or 60 years of the facilityâs service.
As landlords and tenants go about the process of negotiating a lease, each of the parties MUST strive to incorporate lease language that will protect them should the other party suddenly exhibit a lack of integrity or the relationship is affected by outside events, such as a fire or other natural disaster.
(1) Covered lease agreement or lease agreement. â A residential lease agreement. that is combined with, or is executed concurrently with, an option contract. (2) Cure the default. â To perform the obligations under the lease agreement. and/or option contract that are described in the notice of default and intent to. forfeit required by G.S. 47G-5 and that are necessary to reinstate the lease. agreement and/or the option contract. This term is synonymous with the term. cure.. (3) Forfeiture.