CHANGING TENANTS Sample Clauses
The 'Changing Tenants' clause outlines the process and conditions under which tenants listed on a lease agreement may be replaced or substituted. Typically, this clause specifies the requirements for obtaining landlord approval, any necessary documentation, and whether fees or additional screening may apply when a new tenant is proposed. Its core function is to provide a clear procedure for updating tenancy arrangements, ensuring both parties understand their rights and obligations when a change in occupancy occurs.
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CHANGING TENANTS. Tenants may not assign this lease or sublease any part of the Unit. Landlord will accept a substitution of Tenant only upon proper application from the proposed new tenant, approved by the Landlord. That approval must then be followed by execution of a new lease by all parties, including co-signers and guarantors. An administration fee of $100.00 may be required in advance to process an application to substitute tenants, whether or not the application is accepted. Until an application is made and accepted, and a new lease fully executed, (1) Tenant remains fully responsible for performance of the lease and all payments required; and (2) no other person or occupant will have any rights as a Tenant or otherwise with respect to the Unit. The only occupants of the apartment are to be those specifically on the lease.
CHANGING TENANTS. Tenants may not assign this lease or sublease any part of the Unit without written landlord approval. All tenants agree to abide by the room mate change form and hold landlord harmless. The only occupants of the apartment are to be those specifically on the lease.
CHANGING TENANTS i. If one of the Tenants seeks to have a replacement Tenant during a Lease Term, Landlord, at its option, may agree and may ask for the Replacement Tenant to complete an Application with a nonrefundable processing Fee for the Landlords evaluation and possible acceptance. In Addition, Landlord shall charge a $250 Processing Fee to change the Lease with either a new Lease and/or Amendment to the Lease to include the new Replacement Tenant. Further, the remaining Tenants will settle the Security Deposit Charges amongst themselves and not involve the landlord in Security Deposit allocations amongst the Tenants.