LEASE RENEWAL. This Lease does not automatically renew and this Lease automatically terminates on the Lease Termination Date. Lessee may be given an opportunity to sign a new or renewal Lease for another Lease Term and remain in the Premises. If Lessee does not sign a new or renewal Lease, UTA may lease the Premises to another Lessee. In the event Lessee holds over beyond the expiration or sooner termination of this Lease, holdover penalties shall apply in accordance with the Terms and Conditions.
LEASE RENEWAL. 30 Section 15.1. Wintergreen Renewal Lease Term....................... 30 Section 15.2. Fair Market Value Renewal Lease Terms................ 30 Section 15.3. Renewal Lease Rent for the Renewal Lease Term........ 31 Section 15.4. Determination of Fair Market Rental Value............ 31 Section 15.5. Termination Value During Renewal Lease Terms......... 32
LEASE RENEWAL. The UNIVERSITY is not required to renew this lease or to allow the LESSEE to continue to occupy the premises beyond the end of the fixed lease term. If the LESSEE wishes to continue to occupy the premises, they shall respond to the UNIVERSITY’s offer for a lease renewal in the affirmative, comply with the UNVERSITY’s instruction for renewal and meet all lease renewal deadlines. LESSEES delinquent in rent three (3) or more times within the lease year may be ineligible for lease renewal.
LEASE RENEWAL. Lessees shall have a right to apply for a renewal subject and the Lessor shall have the right to accept or deny such application at the Lessor’s sole discretion. Application of renewal shall be given in writing 60 days prior to termination of this lease.
LEASE RENEWAL. Landlord may offer Tenant in good standing an opportunity to continue occupancy of the premises by entering into a new lease agreement as early as November first for August leases:
LEASE RENEWAL. Renewal of this agreement is at the UNIVERSITY’S sole discretion. Eligibility for renewal is contingent upon evidence of continuing status as a regularly enrolled full-time student for the forthcoming academic year and satisfactory payment history. For all eligible TENANTS, space availability will be a factor. No later than 60 days prior to the expiration date of this lease agreement, TENANT must submit a written request to renew the lease agreement and verify eligibility for continued residency. TENANTS approved for lease renewal must execute a new lease agreement no later than the date stipulated by the UNIVERSITY. Failure to execute a new lease agreement shall be deemed evidence of intent not to renew.
LEASE RENEWAL. When one or more tenants choose to sign the lease for another year, the lease is renewed and continues, without interruption, for a consecutive 12- month term. Before a lease may be renewed, the incoming and outgoing residents must all sign a Lease Renewal Agreement, agreeing to the following conditions: Rent may increase for the new lease term and will be noted on the new lease. If the rent increases, the tenants will pay the additional damage deposit when the new lease is signed. The prior lease damage deposit is carried over to the new lease. (Damage deposit is equal to one month’s rent.) CBS does not refund individual portions of the damage deposit to those Residents who do not renew the lease. Because the lease is a renewal, CBS does not conduct a move-out inspection, or clean/refurbish the premises before the new Residents move in. The incoming and outgoing residents assume all responsibility for working out a fair exchange of damage deposit. Similarly, the incoming and outgoing Residents should also agree on how the property will be left for the incoming Residents regarding cleaning, damages, etc. Any account balance due at the end of the first lease term carries over to the next lease term and all Residents listed on the new lease are responsible for the balance. The move-in inspection (condition) report on file will be used to determine any damages at lease termination. Move In Information RENT AND SECURITY DEPOSIT Unless prior arrangements have been made, all monies must be paid before Move-In. The money you paid when you signed your lease was NOT the first month’s rent. To avoid a Late Fee, check your lease to see when your first rent installment is due.
LEASE RENEWAL. No Lease shall be automatically renewed. ALL Lessees must sign a new Lease with updated personal information. Failure to do so will result in the property being listed for rent to other perspective tenants. Security deposit can be transferred with Lessor’s approval to new Lease.
LEASE RENEWAL. It is hereby expressly agreed that Lessee will give a minimum of sixty (60) days written notice before expiration of this lease as to Lessee’s intention to renew lease or to vacate premises at end of the lease. Is it agreed that if Lessee has not given proper notice to vacate and has refused or otherwise failed to sign the lease, Lessor may at its option evict Lessee or allow Lessee to be considered as “holding over” in a new lease period, in which event Lessee will be bound as if by a lease. If Lessor is not notified in writing at least sixty (60) days in advance of the intent to move the mobile home and if the mobile home is not moved on or before May 1st of the current year, Lessee must pay the entire lease term in advance. Lessor will attempt to rent said lot with due diligence and upon renting said lot will refund to Lessee any unused portion of rent for the remaining rental term.
LEASE RENEWAL. Due to the JMU housing fair schedule, CP must know its property availability by early September for the following lease term. Tenants in good standing with CP will be given the exclusive option to renew their leases at the next year’s terms and rental rates. The application fee for renewing Tenants during the exclusive renewal term will be waived. Failure to meet any of the renewal deadlines below by 5:00PM terminates the exclusive option to renew. Groups that do not want to renew or pass down their property should contact our office and state they are not interested in renewal. We will remove them and their Cosigners from future renewal deadline announcement e-mails. August 25th: Lease terms and rents will be posted on the Castle Property Web Site. (xxx.xxxxxxxxxxxxxx.xxx) Notice also sent to Tenants and Co-Signers. Sept 1st: Groups that have any interest in renewal must send an e-mail simply stating they have interest. This statement of interest is not a commitment. The names and e-mail addresses of any possible new Tenants should be included so that they can also receive e-mail reminders. Sept 4th: Groups must provide a list of Tenant names, bedroom assignments, and rent amounts. New Tenants must each submit a completed Tenant Application and pay a $45 application fee plus a $100 xxxxxxx payment. Applications or fees are not needed for renewing Tenants. Sept 6th: New Tenant and Co-signer applications are due. The group must schedule a lease signing appointment for a lease signing that will occur no later than Sept 12th. Sept 12th: All leases must be Tenant signed by Sept 12th. Properties for which groups have not met their deadlines will be made available to other groups on a first-come-first-served basis. Groups, including the renewing group, can pay the $45 per person hold fee to take the property off the market for 48 hours. This provides more time if needed to meet any particular deadline.
