Common use of ASSIGNMENTS/SUBLEASES Clause in Contracts

ASSIGNMENTS/SUBLEASES. Subletting is not permitted. The prohibition on subletting applies equally to any parking space, garage, storage area or other rented space made available to Resident. Resident shall not assign or transfer Resident’s interest in the Lease Contract, or any part hereof, or any interest in the Premises without prior written consent of Owner. If Owner consents to an assignment of the Lease Contract, all rent and other payments must be made by the assignee (“Assigned Resident”) directly to Owner. All assignees approved by Owner agree to comply with all the terms of this Lease Contract as if they had originally executed this Lease Contract. Resident will remain liable to Owner for payment of the rent and other sums due under this Lease Contract and for performance of the obligations contained in this Lease Contract even after an assignment is approved by Owner. Resident will be responsible to pay Owner the assignment fee (“Assignment Fee”). Consent shall be withheld until all fees are paid and replacement is fully qualified. Owner’s consent to one assignment will not be construed as consent to any further request for an assignment or a waiver of Owner’s right, in Owner’s discretion, to consent to future requests. Owner is NOT RESPONSIBLE FOR FINDING RESIDENT AN ASSIGNEE. The Assignment Fee described in this Lease Contract is separate and distinct from the Reletting Fee. The Assignment Fee is applicable when Resident finds a suitable replacement resident, approved by Owner for the remainder of the Lease Term. The Reletting Fee is applicable when Owner finds a suitable replacement resident for the remainder of the Lease Term. Under either circumstance, Owner is authorized to continue charging Resident Rent during the Lease Term until a suitable replacement resident is identified, subject to Owner’s reasonable duty to mitigate.

ASSIGNMENTS/SUBLEASES. Subletting is not permitted. The prohibition on subletting applies equally to any parking space, garage, storage area or other rented space made available to Residentmay be permitted as required by applicable law. Resident shall not assign or transfer Resident’s interest in the Lease Contract, or any part hereof, or any interest in the Premises without prior written consent of Owner. If Owner consents to an assignment or sublease of the Lease Contract, all rent and other payments must be made by the assignee (“Assigned Resident”) directly to Owner. All assignees approved by Owner agree to comply with all the terms of this Lease Contract as if they had originally executed this Lease Contract. Resident will remain liable to Owner for payment of the rent and other sums due under this Lease Contract and for performance of the obligations contained in this Lease Contract even after an assignment assignment/sublease is approved by Owner. Resident will be responsible to pay Owner the assignment fee (“Assignment Fee”). Consent shall be withheld until all fees are paid and replacement is fully qualified. Owner’s consent to one assignment assignment/sublease will not be construed as consent to any further request for an assignment assignment/sublease or a waiver of Owner’s right, in Owner’s discretion, to consent to future requests. Owner is NOT RESPONSIBLE FOR FINDING RESIDENT AN ASSIGNEE. The Assignment Fee described in this Lease Contract is separate and distinct from the Reletting Fee. The Assignment Fee is applicable when Resident finds a suitable replacement resident, approved by Owner for the remainder of the Lease Term. The Reletting Fee is applicable when Owner finds a suitable replacement resident for the remainder of the Lease Term. Under either circumstance, Owner is authorized to continue charging Resident Rent during the Lease Term until a suitable replacement resident is identified, subject to Owner’s reasonable duty to mitigate.

ASSIGNMENTS/SUBLEASES. Subletting is not permitted. The prohibition on subletting applies equally to any parking space, garage, storage area or other rented space made available to Resident. Resident shall not assign or transfer Resident’s interest in the Lease Contract, or any part hereof, or any interest in the Premises without prior written consent of Owner. If Owner consents to an assignment of the Lease Contract, all rent and other payments must be made by the assignee (“Assigned Resident”) directly to Owner. All assignees approved by Owner agree to comply with all the terms of this Lease Contract as if they had originally executed this Lease Contract. Resident will remain liable to Owner for payment of the rent and other sums due under this Lease Contract and for performance of the obligations contained in this Lease Contract even after an assignment is approved by Owner. Resident will be responsible to pay Owner the assignment fee (“Assignment Fee”). Consent shall be withheld until all fees are paid and replacement is fully qualified. Owner shall approve or disapprove a replacement resident within 10 days of Resident’s compliance and Owner’s receipt of a written application of prospective assignee. Owner’s consent to one assignment will not be construed as consent to any further request for an assignment or a waiver of Owner’s right, in Owner’s discretion, to consent to future requests. Owner is NOT RESPONSIBLE FOR FINDING RESIDENT AN ASSIGNEE. The Assignment Fee described in this Lease Contract is separate and distinct from the Reletting Fee. The Assignment Fee is applicable when Resident finds a suitable replacement resident, approved by Owner for the remainder of the Lease Term. The Reletting Fee is applicable when Owner finds a suitable replacement resident for the remainder of the Lease Term. Under either circumstance, Owner is authorized to continue charging Resident Rent during the Lease Term until a suitable replacement resident is identified, subject to Owner’s reasonable duty to mitigate.