Termination Before Occupancy Sample Clauses
The 'Termination Before Occupancy' clause allows either party to end the agreement prior to the tenant taking possession of the property. Typically, this clause outlines the conditions under which such termination is permitted, such as failure to meet certain pre-occupancy requirements or mutual agreement, and may specify any notice periods or penalties involved. Its core function is to provide flexibility and protection for both parties in case circumstances change before the lease or occupancy officially begins, thereby reducing potential disputes or liabilities.
Termination Before Occupancy. See Termination by Resident Prior to Occupancy (Section 13.1(b)) and Termination by Messiah Village Prior to Occupancy (Section 13.2(a)).
Termination Before Occupancy. After Housing & Dining has assigned Student to University Housing assignment, if Student wishes to terminate this contract before occupancy, Student must notify CU Boulder in advance pursuant to the notice requirements. A first-year Student cannot terminate this contract before occupancy unless CU Boulder released Student from the live-on requirement under this contract. Except for first-year Students, CU Boulder will treat a Student’s failure to enroll in classes and occupy the assigned space by 9:00 AM on the first day of classes each semester as Student’s termination prior to occupancy. The following financial consequences will apply to any Student termination prior to occupancy: The $50 application charge will not be refunded. The $250 deposit will be refunded. If Student terminates prior to or on December 31, 2020 there is no cancellation charge. If Student terminates after December 31, 2020, Student must pay a cancellation charge of 15% of the Rate for that semester. CU Boulder will not require Student to pay a cancellation charge if: (1) CU Boulder has determined that termination of this contract is necessary to reasonably accommodate Student’s disability; (2) Student has graduated, withdrawn by taking zero credits (including matriculation, continuing education, and online credits) at the University of Colorado Boulder; (3) Student has decided to attend another University of Colorado campus instead of the University of Colorado Boulder and provided documentation to Housing & Dining to support any of those circumstances; or (4) Housing & Dining approved Student’s petition for release from the cancellation charge requirement. • Any other financial responsibilities already paid by Student pursuant to this contract will be refunded or credited to Student’s account to the extent they are refundable.
Termination Before Occupancy. Check the box to cancel this occupancy agreement before transfer of occupancy if further- approval contingencies in the referenced agreement are to be elimi- nated prior to the buyer taking posses- sion, such as loan approval, credit approval or verification of net worth sufficient to perform the referenced agreement. [See first tuesday Form 183]
Termination Before Occupancy. After Housing & Dining has assigned Student to a Winter Break University Housing assignment, if Student wishes to terminate this Addendum before Occupancy, Student must notify CU Boulder in advance pursuant to the notice requirements of the Contract.
Termination Before Occupancy. Any Entrance Fee payments and, if applicable, any payments for Finishing Upgrades will be refunded in full if Resident rescinds this Agreement within seven (7) days in accordance with the Notice of Right to Rescind. In the event of termination of this Agreement by Resident’s death before the Designated Occupancy Date or actual date of Occupancy, whichever is earlier; or in the event Resident is precluded from taking Occupancy because of illness, injury, or incapacity prior to the Designated Occupancy Date or actual date of Occupancy, whichever is earlier; then Messiah Village will make a full refund of all Entrance Fee payments less any amounts deducted to cover expenses incurred by Messiah Village at the specific written request of Resident. If Resident does not terminate this Agreement within the seven (7) day rescission period, but does terminate prior to the Designated Occupancy Date or actual date of Occupancy, whichever is earlier, while not precluded from taking Occupancy by illness, injury, incapacity, or death; then for a completed residence, Messiah Village shall retain and Resident shall forfeit the Reservation Fee and, if applicable, the Interim Payment; and for an unbuilt residence, Messiah Village shall retain and Resident shall forfeit the Processing Fee. The balance of any Entrance Fee payments will be refunded to Resident in accordance with the refund provisions of this Agreement. Where two individuals have signed this Agreement for Double Occupancy, the death of one Co-Resident shall not constitute termination of this Agreement, and no refund shall be due. In the event of the termination of this Agreement by Messiah Village before the Designated Occupancy Date or actual date of Occupancy, whichever is earlier; then Messiah Village shall make a full refund of all Entrance Fee payments and the Reservation Fee.