CO-LESSEE Sample Clauses

CO-LESSEE. As Tenant is under the age of eighteen, Landlord requires a parent or other sponsor (the "Co-Lessee"), who meets Landlord’s then-current Co-Lessee requirements, to enter this Lease with Tenant and to be jointly and severally liable with Tenant for all of Tenant's obligations, duties, and responsibilities hereunder. Co-Lessee shall submit to Landlord an application to ensure the Co-Lessee meets the Landlord’s then-current requirement. Landlord reserves the right to terminate this Lease (but has no obligation to exercise such right), in the event such Co-Lessee does not provide an application and fully execute and return this Lease within seven (7) days from the date of execution of this Lease by Tenant, and may exercise such right at any time after such 7 day period through the date Tenant is scheduled to take possession of the Leased Premises. Tenant acknowledges Landlord could deliver notice of its right to terminate the Lease as described herein in accordance with the Notice Section of this Lease and may exercise such right for any or no reason, including, without limitation, due to additional leases being received with co-lessees provided. If Tenant has failed to have this Lease signed by a Co-Lessee who meets Landlord’s then- current requirements, and Tenant appears on the date Tenant is scheduled to take possession, Landlord may, in its sole discretion, elect to: a) exercise Landlord’s right to terminate this Lease at such time and not permit Tenant to move-in to the Dwelling; or b) waive such obligation, and permit Tenant to take possession of the Dwelling without Co-Lessee joining the Lease; or c) permit Tenant to move-in to the Dwelling subject to additional conditions established by the Landlord from time to time. Tenant hereby acknowledges that Landlord would suffer significant expenses to evict a tenant who fails to pay Rent after providing possession and recognizes that the condition precedent of having a Co-Lessee prior to being provided possession is reasonable. Tenant understands that the Co- Lessee must be signed directly from the Co-Lessee and that Landlord reserves all rights, both civil and criminal, for any false execution or forgery of this Lease. The execution of this Lease by the Co-Lessee constitutes an additional assurance to Landlord of the performance of the terms, conditions, covenants and provisions of this Lease and shall not be construed as a release of Tenant's responsibilities and obligations or from the legal and binding n...