Common use of Acceptance of Application Clause in Contracts

Acceptance of Application. Applicant must sign a Rental/Lease Agreement (in a form acceptable to Landlord) for the premises no later than the move in date <<prleasefrom>> or Landlord will deduct "lost rental damages" (as defined below) incurred by Landlord as a result of holding the subject premises off market. If Applicant signs a Rental/Lease Agreement, Landlord and Applicant will apply the holding deposit to security deposit. If there is inconsistency between the terms of this Holding Deposit Agreement, and a Rental/Lease Agreement signed by the parties, the terms of Rental/Lease Agreement will control. In the event the Applicant signs a Rental/Lease Agreement and the unit is not available on the beginning date of the Rental/Lease Agreement due to a prior tenant holding over, the Applicant's damages shall be limited to a return of the holding deposit, any security deposit and any advance payment of rent. All adults to occupy the subject premises must sign the Rental/Lease Agreement prior to occupancy.

Acceptance of Application. Applicant must sign a Rental/Lease Agreement (in a form acceptable to Landlord) for the premises no later than the move in date <<prleasefrom>> or Landlord will deduct "lost rental damages" (as defined below) incurred by Landlord as a result of holding the subject premises off market. If Applicant signs a Rental/Lease Agreement, Landlord and Applicant will apply the holding deposit to security deposit. If there is inconsistency between the terms of this Holding Deposit Agreement, and a Rental/Lease Agreement signed by the parties, the terms of Rental/Lease Agreement will control. In the event the Applicant signs a Rental/Lease Agreement and the unit is not available on the beginning date of the Rental/Lease Agreement due to construction delays or a prior tenant holding over, the Applicant's damages shall be limited to a return of the holding deposit, any security deposit and any advance payment of rent. All adults to occupy the subject premises must sign the Rental/Lease Agreement prior to occupancy.