Asked by Anonymous
Hi Guru, I would like to seek your advice regarding the dip clause. Reference to below dip clause, for "ceased to be employed by the tenant", not sure if resignation is a valid condition to activate the dip clause?
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Notwithstanding anything herein contained, if at any time after the expiration of twelve months from the date of the commencement of this tenancy, the immediate occupant of the said premises, shall be transferred out of the SG permanently by his firm, ceased to be employed by the Tenant or if for any cause whatsoever he shall be ordered to leave SG, then and in such a case, it shall be lawful for the tenant to determine this tenancy by giving not less than two months advance notice in writing to the landlord or by paying two months rent in lieu of such notice. documentary evidence of such transfer cessation or order shall be required and such notice shall be deemed to have commenced on such date as the landlord shall have actually received such evidence.
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Quote
Notwithstanding anything herein contained, if at any time after the expiration of twelve months from the date of the commencement of this tenancy, the immediate occupant of the said premises, shall be transferred out of the SG permanently by his firm, ceased to be employed by the Tenant or if for any cause whatsoever he shall be ordered to leave SG, then and in such a case, it shall be lawful for the tenant to determine this tenancy by giving not less than two months advance notice in writing to the landlord or by paying two months rent in lieu of such notice. documentary evidence of such transfer cessation or order shall be required and such notice shall be deemed to have commenced on such date as the landlord shall have actually received such evidence.
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