DEFAULT BY RESIDENT definition
DEFAULT BY RESIDENT. Any breach or violation of any provision of this contract by Resident or any untrue or misleading information in Resident’s application shall give the Owner or his agent’s the right to terminate this contract, evict the Resident and to take possession of the residence. The Resident agrees to a forfeiture of the security deposit and Owner may still purse any remaining amounts due and owing.
DEFAULT BY RESIDENT. Any breach or violation of any provision of this contract by Resident or any untrue or misleading information in Resident’s application shall give the Owner or his agent’s the right to terminate this contract, evict the Resident and to take possession of the residence. The Resident agrees to a forfeiture of the security deposit and Owner may still purse any remaining amounts due and owing. RENEWAL TERM: At the end of initial term herein, as per page 1, owner may elect to renew for another term but at a rental increase of 1% to 5% of current rental rate depending on the market index. ACKNOWLEDGMENT: In this agreement the singular number where used will also include the plural, the Masculine gender will include the Feminine, the term Owner will include Landlord, Lesser, and the term Resident will include Tenant, Lessee. The below-signed parties acknowledge that they have read and understand all of the provisions of this agreement. This contract is bound by all heirs, executors, successors and/or assigns.
DEFAULT BY RESIDENT. Resident’s performance of each of Resident’s obligations under this Agreement is a condition as well as a covenant. Resident’s right to continue in possession of the leased Premises is conditioned upon such performance. Time is of the essence in the performance of all covenants and conditions. Resident shall be in material default under the Agreement in the following circumstances; (a) If Resident abandons or vacates the Premises, (b) If Residents fails to pay rent or any other charges required to be paid by Residents, as and when due and the failure to pay rent continues for three (3) days after written notice has been given to Resident, (c) If Resident fails to perform any of Resident’s non-monetary obligations under this Agreement for a period of three (3) days after written notice from Landlord/Agent, or (d) Resident has/have supplied any false or misleading information on a rental application or similar instrument. Once a Three-Day Notice to Pay Rent or Quit is served, Resident(s) required to make a certified payment in full in order to avoid eviction.
Examples of DEFAULT BY RESIDENT in a sentence
IN THE EVENT OF DEFAULT BY RESIDENT, RESIDENT IS LIABLE FOR TOTAL UNPAID BALANCE OF THE LEASE IF THE APARTMENT IS NOT RELET BEFORE THE LEASE EXPIRES.
More Definitions of DEFAULT BY RESIDENT
DEFAULT BY RESIDENT. Resident (and Resident’s guests, if applicable) agrees to abide by all federal, state and municipal laws, ordinances, regulations or orders (including, but not limited to, those pertaining to use of hazardous substances) as well as Owner’s Rules and Regulations now in effect or which may be hereafter be enacted. Resident will be in default if: (1) Resident fails to pay any Rent Installment or Additional Rent, as and when due hereunder; (2) Resident abandons the Premises; (3) Resident fails to perform any of his or her obligations hereunder; (4) Any information contained in Resident's Lease Contract Application is untrue or misleading; (5) Resident or Resident’s guest(s) violates this Lease Contract, Rules and Regulations, or fire, safety, health, or criminal laws, regardless of whether or where arrest or conviction occurs; (6) illegal drugs or paraphernalia are found in the Premises, whether or not Owner can establish possession (medical marijuana prescriptions shall constitute illegal drugs as a controlled substance pursuant to federal and state law); (7) Resident, in bad faith, makes an invalid habitability complaint to an official or employee of a utility company or the government; (8) Resident is arrested, charged, detained, convicted, or given deferred adjudication or pretrial diversion for a felony offense or a misdemeanor if the crime is of a sexual or violent nature; (9) Resident displays, discharges, or possesses a gun, knife (of certain dimension), or other weapon (or uses an ordinary object as a weapon), including, but not limited to, any pistol, revolver, rifle, shotgun, or other weapon designed or intended to propel a missile of any kind, throwing stars, nun chucks, and similar objects. WEAPONS ARE NOT PERMITTED ANYWHERE IN THE COMMUNITY, INCLUDING YOUR UNIT; PROVIDED, HOWEVER, THAT NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT ANY LAWFUL RIGHTS TO CARRY A WEAPON(S) AS PROVIDED BY LOCAL OR STATE LAW. Owner does not guarantee a firearms-free environment. Notices of Convictions and Registration. Resident must notify Owner within 15 days if Resident or any of Resident’s occupants are arrested for or convicted of (a) any felony, or (b) any misdemeanor involving a controlled substance, violence to another person, or destruction of property. Resident must also notify Owner within 15 days if Resident or any of Resident’s occupants register as a sex offender. Informing Owner of a criminal conviction or sex offender registration does not waive any ...