Final answer:
Either party may terminate a lease if the other party is violating terms of the lease by giving a Notice of Violation. There is an opportunity to correct the situation.
Step-by-step explanation:
In the context of a lease agreement, either party may terminate the lease if the other party is violating the terms of the lease by giving a Notice of Violation. In such cases, there is an opportunity for the violating party to correct the situation.
For example, if a tenant is consistently late on rent payments, the landlord can give them a Notice of Violation, which informs them of the violation and provides an opportunity to rectify the issue by paying the overdue rent within a specified timeframe.
If the violating party does not correct the situation within the given timeframe, the terminating party can proceed with terminating the lease agreement.