Common use of MULTIPLE RESIDENTS Clause in Contracts

MULTIPLE RESIDENTS. When more than one RESIDENT signs this LEASE AGREEMENT, any deduction(s) to be made from the security deposit will be joint and several. MANAGEMENT is not liable for any understanding which may exist between two or more RESIDENTS as to the portion of the security deposit that one RESIDENT may be entitled to as opposed to another RESIDENT. MANAGEMENT will draw one (1) check, payable to all RESIDENTS jointly, and forward same to the forwarding address provided to MANAGEMENT by written notice as required herein.

MULTIPLE RESIDENTS. When more than one RESIDENT signs this LEASE AGREEMENT, any deduction(s) to be made from the security deposit will be joint and several. MANAGEMENT is not liable for any understanding which may exist between two or more RESIDENTS as to the portion of the security deposit that one RESIDENT may be entitled to as opposed to another RESIDENT. MANAGEMENT will draw one (1) check, payable to all RESIDENTS RESIDENTs jointly, and forward same to the forwarding address provided to MANAGEMENT by written notice as required herein.