Two Months to Move Clause Samples

Two Months to Move. Each such LOP Occupant Class Member may continue to occupy the subject Occupied Property until 60 days after the Settlement Effective Date. If the LOP Occupant Class Member elects the cash for keys option on or before March 1, 2025, such 60-day period shall be rent-free. If the LOP Occupant Class Member does not elect cash for keys by March 1, 2025 and does not begin paying rent on March 1, 2025, then the amount of any cash-for-keys payment may be reduced from $4,000 by the amount of unpaid rent accruing after March 1, 2025, to a floor of $2,000. Any months of non-payment after that will accrue on their accounts and Defendants will have the right to collect those in the manner provided by contract and law. No eviction will be commenced on the basis of nonpayment until after the Settlement Effective Date.