Common use of After the Initial Term Clause in Contracts

After the Initial Term. Homeowner may terminate the Agreement by providing written notice to ▇▇▇▇ no later than six (6) months prior to the expiration of the then‐current lease term for the Property. In the event of such termination, ▇▇▇▇ will render to Homeowner an accounting of all funds of Homeowner held in Reserve and reflecting the balance of income and expenses on the Property as of the date of termination (the “Final Statement”). ▇▇▇▇ will promptly cause any remaining funds held in Reserve, less any fees and Home Expenses then outstanding, to be paid to Homeowner.

After the Initial Term. Homeowner may terminate the Agreement by providing written notice to ▇▇▇▇ no later than six (6) months prior to the expiration of the then‐current then-current lease term for the Property. In the event of such termination, ▇▇▇▇ will render to Homeowner an accounting of all funds of Homeowner held in Reserve and reflecting the balance of income and expenses on the Property as of the date of termination (the “Final Statement”). ▇▇▇▇ will promptly cause any remaining funds held in Reserve, less any fees and Home Expenses then outstanding, to be paid to Homeowner.