RELETTING FEE Clause Samples
A reletting fee clause establishes the tenant's obligation to pay a specified fee if they break the lease early and the landlord must find a new tenant. Typically, this fee covers the landlord's administrative costs and efforts involved in advertising, screening applicants, and preparing the property for a new occupant. The core function of this clause is to compensate the landlord for the inconvenience and expenses associated with re-renting the property, thereby discouraging premature lease termination and clarifying the tenant's financial responsibilities in such situations.
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RELETTING FEE. Resident acknowledges that the Reletting Fee is not a cancellation fee or a buyout fee. The Reletting Fee is a liquidated amount covering only Owner’s damages associated with Owner’s time, effort and expense in finding and processing another Resident to occupy the unit and Premises. Such damages are uncertain and difficult to ascertain. You will be liable for a Reletting Fee equal to 85% of the highest monthly rent during the term of this lease contract (“Reletting Fee”) if you (1) fail to move in or (2) move out without prior written approval, or (3) are judicially evicted. You agree that the Reletting Fee is a reasonable estimate of such damages and that the charge is due whether or not our Reletting attempts succeed. The Reletting Fee does not release you from continued liability for future or past-due rent, charges, fees or other sums due under this lease contract. The Reletting Fee is separate and distinct from the Assignment Fee. The Reletting Fee applies if and/or when Owner finds a replacement Resident, whereas the Assignment Fee applies when Resident finds a replacement Resident approved by Owner. Notwithstanding the commencement of a judicial eviction or dispossessory proceeding and the issuance and execution of a writ of possession on account of any default by Resident, Resident shall remain liable to Owner for all rent installment(s) and additional rent accrued through the date on which possession is obtained by Owner, and Resident shall continue to be liable for all rent installment(s) and additional rent accruing thereafter until the earlier of the expiration of the term of the lease contract or the re-rental of the exclusive bed space. It is intended that Owner’s remedies for a default hereunder shall be as broad as permitted under applicable laws. The exercise of any one remedy shall not be deemed exclusive of the right to collect rent, or of Owner’s right to avail itself of any remedy allowed by law. In the event the rules and regulations now or hereafter enacted prescribe warnings and/or charges for certain actions of Resident which may constitute violations of this lease contract, Owner may elect, in its sole discretion, to enforce the default and/or termination provisions contained herein or to enforce the provisions of the rules and regulations. Resident shall be responsible for all reasonable legal fees and cost connected therewith to the extent allowed by applicable law. Resident must pay all collection agency fees if Resident fails ...
RELETTING FEE. Resident acknowledges that the Reletting Fee is not a cancellation fee or a buyout fee. The Reletting Fee and late charges are liquidated amounts covering only Owner’s damages associated with Owner’s time, effort and expense in finding and processing another resident to occupy the Unit and Premises. Such damages are uncertain and difficult to ascertain. You will be liable for a Reletting Fee equal to 85% of the highest monthly rent during the Lease Term if you (1) fail to move in or (2) move out without prior written approval, or (3) are judicially evicted. You agree that the Reletting Fee is a reasonable estimate of such damages and that the fee is due whether or not Owner’s reletting attempts succeed. The Reletting Fee does not release you from continued liability for future or past-due rent, charges, fees or other sums due under this Lease Contract. The Reletting Fee is separate and distinct from the Assignment Fee. The Reletting Fee applies if and/or when Owner finds a suitable replacement resident, whereas the Assignment Fee applies when Resident finds a suitable replacement resident approved by Owner.
RELETTING FEE. Resident acknowledges that the Reletting Fee is not a cancellation fee or a buyout fee. The Reletting Fee and late charges are liquidated amounts covering only Owner’s damages associated with Owner’s time, effort and expense in finding and processing another resident to occupy the Unit and Premises. Such damages are uncertain and difficult to ascertain. You will be liable for a Reletting Fee equal to 85% of the highest monthly rent during the Lease Term if you (1) fail to move in or (2) move out without prior written approval, or (3) are judicially evicted. You agree that the Reletting Fee is a reasonable
RELETTING FEE. Resident acknowledges that the Reletting Fee is not a cancellation fee or a buyout fee and shall apply consistent with applicable law. The Reletting Fee and late charges are liquidated amounts covering only Owner’s damages associated with Owner’s time, effort and expense in finding and processing another resident to occupy the Unit and Premises. Such damages are uncertain and difficult to ascertain. You will be liable for a Reletting Fee equal to 85% of the highest monthly rent during the Lease Term if you
RELETTING FEE. You will be liable to us for a reletting fee, plus for repayment of any Lease concessions if for any reason prior to the end of the Lease Term, any extension, or renewal, you vacate the Premises for any reason without fully performing all Lease covenants including your covenant to pay all rent due under the Lease (hereinafter “Reletting Event”). Upon the occurrence of a Reletting Event, you will pay a reletting fee in the amount of $ as well as pay, repay, or refund any Lease concessions in the total amount set forth in any Lease Concession Addendum. You will pay and otherwise be liable to us for the reletting fee plus the repayment of any Lease concessions upon the occurrence of a reletting event regardless of the circumstances which you vacate including but not limited to voluntary surrender, at the request of Agent as the result of your default under the Lease, as the result of an eviction or forcible detainer proceeding, or otherwise. You agree that the reletting fee is a liquidated damage amount agreed to by you in consideration of, among other things, our waiver to seek from you future rent for the entire amount of any uncompleted rental term, plus re-letting related fees, costs, and expenses in the event of your default. Your agreement to pay the reletting fee and repay any concessions will under no circumstances release you from any liability to us under this Lease for any other charges or amounts due including but not limited to utilities, cleaning, or any damages to the Premises, and we will retain all remedies for other non-compliance with the Lease. You specifically acknowledge the reletting fee only relieves you from liability for the future payment of base monthly rent and reletting related costs and expenses.
RELETTING FEE. Resident acknowledges that the Reletting Fee is not a cancellation fee or a buyout fee. You will be liable for the Reletting Fee if you (1) fail to move in or (2) move out without prior written approval, or (3) are judicially evicted. You agree that the Reletting Fee is a reasonable estimate of such damages and that the fee is due whether or not Owner’s reletting attempts succeed. The Reletting Fee does not release you from continued liability for future or past-due rent, charges, fees or other sums due under this Lease Contract. The Reletting Fee is separate and distinct from the Assignment fee. The Reletting Fee applies if and/or when Owner finds a suitable replacement resident, whereas the Assignment Fee applies when Resident finds a suitable replacement resident approved by Owner.