Common use of Agreements with Residents Clause in Contracts

Agreements with Residents. Notwithstanding Section 18.1, Tenant and Manager may enter into an occupancy agreement with residents of the Leased Property without the prior written consent of Landlord provided that [i] the agreement does not provide for lifecare services; [ii] the agreement does not contain any type of rate lock provision or rate guaranty for more than one calendar year; [iii] the agreement does not provide for any rent reduction or waiver other than for an introductory period not to exceed six months; [iv] Tenant and Manager may not collect rent for more than one month in advance; and [v] all residents of the Leased Property are accurately shown in accounting records for the Facility. Tenant and Manager shall provide to Landlord a copy of any changes to the form of resident occupancy agreement that was submitted to Landlord prior to implementation.

Appears in 1 contract

Samples: Master Lease Agreement (Balanced Care Corp)

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Agreements with Residents. Notwithstanding Section §18.1, Tenant and Manager Subtenant may enter into an occupancy agreement with residents of the Leased Property without the prior written consent of Landlord provided that [i] the agreement does not provide for lifecare services; [ii] the agreement does not contain any type of rate lock provision or rate guaranty for more than one calendar year; [iii] the agreement does not provide for any rent reduction or waiver other than for an introductory period not to exceed six months; [iv] Tenant and Manager Subtenant may not collect rent for more than one month in advance; and [v] all residents of the Leased Property are accurately shown in accounting records for the Facility. Without the prior written consent of Landlord, Tenant and Manager Subtenant shall provide to Landlord a copy of any changes to not change the form of resident occupancy agreement that was submitted to Landlord prior to implementationthe Effective Date.

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

Agreements with Residents. Notwithstanding Section §18.1, Tenant and Manager Subtenant may enter into an occupancy agreement with residents of the Leased Property without the prior written consent of Landlord provided that [i] the agreement does not provide for lifecare services; [ii] the agreement does not contain any type of rate lock provision or rate guaranty for more than one calendar year; [iii] the agreement does not provide for any rent reduction or waiver other than for an introductory period not to exceed six months; [iv] Tenant and Manager Subtenant may not collect rent for more than one month in advance; and [v] all residents of the Leased Property are accurately shown in accounting records for the Facility. Tenant and Manager shall provide to Landlord a copy of any changes to the form of resident occupancy agreement that was submitted to Landlord prior to implementation.

Appears in 1 contract

Samples: Master Lease Agreement (Tandem Health Care, Inc.)

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Agreements with Residents. Notwithstanding Section §18.1, Tenant and Manager Subtenant may enter into an occupancy agreement with residents of the Leased Property without the prior written consent of Landlord provided that [i] the agreement does not provide for lifecare services; [ii] the agreement does not contain any type of rate lock provision or rate guaranty for more than one two calendar yearyears; [iii] the agreement does not provide for any rent reduction or waiver other than for an introductory period not to exceed six months; [iv] Tenant and Manager Subtenant may not collect rent for more than one month in advance; and [viv] all residents of the Leased Property are accurately shown in accounting records for the Facility. Without the prior written consent of Landlord, Tenant and Manager Subtenant shall provide to Landlord a copy of any changes to not materially change the form of resident occupancy agreement that was submitted to Landlord prior to implementationthe Effective Date.

Appears in 1 contract

Samples: Master Lease Agreement (Capital Senior Living Corp)

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