Common use of RELEASE OF RESIDENT Clause in Contracts

RELEASE OF RESIDENT. Resident will not be released on grounds of voluntary or involuntary school withdrawal or transfer, voluntary or involuntary business transfer, loss of employment, marriage, divorce, loss of co-Resident, bad health, problems with other tenants, or any other reasons, unless otherwise provided in this agreement or mandated by law. Upon vacation prior to the expiration of the term, this agreement shall remain enforced in full, with all monies and future rent (through the end of the initial term) immediately due and payable. In the event Resident files a bankruptcy during the tenancy, this agreement shall be deemed to be a tenancy at will with rent payable daily and calculated at the monthly rate divided by 30, all other obligations shall remain in effect.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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