Common use of Existing Lease Clause in Contracts

Existing Lease. The original roommates are parties to a written lease with Management for a unit at the University of Minnesota. The lease can be ended by the residents or Management on 60 days' written notice. Roommate households are permitted to live at CTC as long as one resident, at the time of initial application, meets the University eligibility requirement a student. For any change in roommate status, any new roommate or substitute roommate must qualify as an eligible University student under Management's affiliate eligibility requirements. The present roommates have requested, and Management has agreed, to make a change in the residents under the lease as set forth herein.