Common use of Replacement Tenant Clause in Contracts

Replacement Tenant. If Housing Services identifies a Replacement Tenant to move into the Rental Property, the Replacement Tenant may begin occupancy at any time. The Occupancy Date by a Replacement Tenant after Tenant's Move-out Date is dependent on the availability of an eligible Replacement Tenant’s acceptance of the Rental Property and the ready date of the Rental Property after turnover. Tenant’s Rent Responsibility ends on the Replacement Tenant’s Occupancy Date. Tenant understands that there is a risk that no suitable Replacement Tenant may be found.