Examples of Remaining Tenants in a sentence
Remaining Tenants shall also be fully responsible to maintain the terms and conditions of this lease.
Example 3: Remaining Tenants Must be Income Qualified Michael, an income-qualified individual, moved into a two bedroom LIHC unit in a mixed-used project on May 20, 2006.
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In the event that there is more than one Tenant and upon the death of one of them, the tenancy shall be deemed to be amended to include the Remaining Tenant(s) as Tenant(s), along with the Estate of the deceased Tenant for a period of thirty (30) days after the death of the Tenant, after which the tenancy of the Estate only shall be terminated and the tenancy agreement and any renewal thereof shall be deemed to be amended in the name of the surviving Tenant(s) only.
Remaining Tenants may identify a prospective replacement Tenant, provided however, new prospective Tenants must submit a lease to Residential Life & Housing, be approved by the Director of Residential Life and Housing and have the complete security deposit, non-refundable professional cleaning fee, and first month rent PAID IN FULL before the Full Base Rent is reallocated.
Vacating Tenant must give Remaining Tenant(s) a written notice of intent to vacate.
This notice serves two purposes: (a) motivate Remaining Tenants to choose a prospective tenant and give them adequate time to do so and (b) alleviates any miscommunication regarding Vacating Tenant’s intent to move out.
AFIN Portfolio (As of December 31, 2017) Portfolio Lease Expiration Schedule (1) 70% 11% 7% 5% 4% 3% 0% 10% 20% 30% 40% 50% 60% 70% Top Tenant Overview (1) These five tenants accounted for 30% of portfolio annualized SLR during Q4 2017 Remaining Tenants 2.7% 7.5% 5.6% 6.8% 4.5% 8.8% 5.3% 6.8% 6.4% 13.9% 31.7% 0% 5% 10% 15% 20% 25% 30% 35% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Thereafter Portfolio weighted - average lease term of 8.1 years (1) (1) Based on annualized SLR as of December 31, 2017.
In the event that there is more than one Tenant and upon the death of one of them, the tenancy shall be deemed to be amended to include the Remaining Tenant(s) as Tenant(s), along with the Estate of the deceased Tenant for a period of thirty (30) days after the death of the Tenant, after which the tenancy of the Estate only shall be terminated and the Tenancy Agreement and any renewal thereof shall be deemed to be amended in the name of the surviving Tenant(s) only.
Remaining Tenants are responsible for assessing any damages and deducting appropriate amounts from the deposit before returning any portion.