Breaking Lease. If all Tenants seek to terminate the Lease after signing this Lease but prior to the start of the Term, Tenants shall send written notice to Lessor of such request. Lessor may withhold, condition, or delay its approval or denial of such request in its sole discretion. After the Term, Tenants shall not be allowed to terminate the Lease under any circumstances. If Lessor approves Tenant’s request to terminate this Lease, this Lease shall terminate upon the satisfaction of the following conditions: (i) Tenants shall pay a termination fee as follows: Studio / 1 bedroom - $1000.00; 2 bedroom - $1700.00; 3 bedroom - $2300.00; 4 bedroom - $2800.00, (ii) Lessor has leased the Premises to new tenants acceptable to Lessor, and (iii) Tenants have paid to Lessor all rent, utilities, maintenance, and repair of the Premises as required under this Lease through the day prior to the start of the term of the new lease to new tenants. Following a termination request, Lessor may immediately advertise the Premises for lease to new tenants. Tenants acknowledge and agree that the nature of the Premises may be student housing and that Lessor may not be able to release the Premises if the request to terminate is received close in time to the start of the school year. Xxxxxx understands and agrees to assume such risk in signing this Lease. Tenant further acknowledges that the guarantor(s) may be responsible for any costs accruing as a result of a termination under this section.
Breaking Lease. If a Tenant wishes to terminate the lease prior to the Expiration Date, Tenant shall provide Landlord written notice thirty (30) days prior to Tenant’s new anticipated termination date. Xxxxxx agrees to pay to Landlord an amount equal to one (1) month of rent as a lease break fee (“Lease Break Fee”). The Lease Break Fee is in addition to any rent or other amounts due from Tenant to Landlord prior to the new anticipated termination date. Tenant’s Security Deposit may not be used to pay any rent or fees, including without limitation the Lease Break Fee. All rent and any applicable Lease Break Fee is due immediately upon, and simultaneously with, Xxxxxx’s notification to Landlord of the decision to terminate the Lease. The Lease Break Fee is nonrefundable. If applicable, the Lease Break Fee covers the cost of: all showings, finding new prospective tenants, processing new tenant applications, and facilitating new lease signing/move in. Tenant is responsible for paying rent and all other costs associated with the Lease and otherwise complying with this Lease and maintaining the Premises as required by this Lease until the Premises is re-leased and the Landlord-approved termination date occurs.
Breaking Lease. Residents must notify the DigiPen Housing Department of their intentions to vacate in writing and must pay 2 months rent (amount is based on the type of apartment they are placed in) as a cancellation fee and will be pro-rated for the rest of their semester in Housing.
Breaking Lease. The Company will reimburse the employee for the actual cost of breaking a lease on the employee’s primary residence at the original location. The reimbursement will not exceed the amount for six month’s lease payments.
