After Taking Possession Sample Clauses
The "After Taking Possession" clause defines the rights and responsibilities of the parties once the buyer or tenant has taken physical control of the property. Typically, this clause outlines obligations such as maintenance, insurance, and liability for damages that arise after possession has transferred, and may specify timelines for completing any remaining contractual duties. Its core function is to clarify the transition of risk and responsibility, ensuring both parties understand their roles and reducing the potential for disputes after possession occurs.
After Taking Possession. An online 90-day minimum notice of termination of the apartment agreement is required through the occupants’ online housing application portal. Occupants who fail to provide notice 90 days in advance of their departure will be charged a penalty equal to license fees for 90 days from the date Housing and Residence Life receives the online termination notice. By Housing and Residence Life - Housing and Residence Life may terminate this apartment agreement and remove the occupant by giving five (5) days’ notice in writing, under the following circumstances:
1. Failure to maintain eligibility.
2. Failure to pay the license fee, which persists for more than 30 days.
After Taking Possession. An online 90-day minimum notice of termination of the rental agreement is required. Residents who fail to provide notice 90 days in advance of their departure will be charged a penalty equal to 90 days rent from the date Housing Reservations receives the online termination notice. By Housing Services - Housing Services may terminate and evict by giving five (5) days notice in writing, under the following circumstances:
1. Failure to maintain eligibility.
2. Failure to pay rent, which persists for more than 30 days.
After Taking Possession. An online 90-day minimum notice of termination of the apartment agreement is required. Occupants who fail to provide notice 90 days in advance of their departure will be charged a penalty equal to license fee for 90 days from the date Housing Reservations receives the online termination notice. Occupants who complete their academic work or who terminate their association with the University are to vacate their apartment within 90 days after their association with the University ends. A 90-day notice is also required in this instance. Each occupant must inform the Housing Reservations Office by March 31, 2021, if they are planning to continue occupying an apartment in Family/Graduate Housing past June 30, 2021, by completing the online renewal process in March. If the occupant will not be residing in the apartment past June 30, 2021, no online termination notice needs to be submitted and your apartment agreement will automatically terminate on June 30, 2021.
1. Failure to maintain eligibility.
2. Failure to pay the license fee, which persists for more than 30 days.