Common use of Leasing Activity Clause in Contracts

Leasing Activity. Except for Leases or amendments to Leases entered into pursuant to renewal notices mailed prior to the Effective Date, unless Purchaser agrees otherwise in writing, any new leases or renewals of existing leases for apartment units entered into by Seller after the Effective Date until the Closing or earlier termination of this Agreement shall be on Seller’s standard apartment lease form for the Property, and shall be for terms of no less than six (6) months and no more than thirteen (13) months. In all cases, Seller shall retain the discretion to set rent rates, concessions and other terms of occupancy consistent with then-extant market conditions for the Property. After the expiration of the Due Diligence Period, Purchaser shall have the right to participate in a weekly call with Seller and its property manager to discuss operation of the Property, which shall be scheduled by Seller at the request of Purchaser, and which for the avoidance of doubt shall be a separate call from Seller’s operation calls with its property manager.

Leasing Activity. Except for Leases or amendments to Leases entered into pursuant to renewal notices mailed prior to the Effective Date, unless Purchaser agrees otherwise in writing, any new leases or renewals of existing leases for apartment units entered into by Seller Sellers after the Effective Date until the Closing or earlier termination of this Agreement shall be on such Seller’s standard apartment lease form for the its Property, and shall be for terms of no less than six (6) months and no more than thirteen (13) months. In all cases, Seller Sellers shall retain the discretion to set rent rates, concessions and other terms of occupancy consistent with then-extant market conditions for the such Property. After the expiration of the Due Diligence Period, Purchaser shall have the right to participate in a weekly call with each Seller and its property manager to discuss operation of the PropertyProperties, which shall be scheduled by such Seller at the request of Purchaser, and which for the avoidance of doubt shall be a separate call from such Seller’s operation calls with its property manager.