Common use of DEFAULT BY QUALIFYING RESIDENT AND EFFECT THEREOF Clause in Contracts

DEFAULT BY QUALIFYING RESIDENT AND EFFECT THEREOF. Section 18.1 – Definition of Default by Qualifying Resident. It is hereby mutually agreed as follows: If at any time after the happening of any of the other events specified in 18.1 of this Article, the Mutual shall give to the Qualifying Resident notice that the Qualifying Resident’s right to occupy under this Agreement will expire at a date not less than thirty (30) days thereafter (except that in the case of the default specified in 18.1(h) of this Article, such date in the notice shall be three (3) days and/or ten (10) days, whichever is applicable), the Qualifying Resident’s right to occupy the Unit under this Agreement will expire on the date so fixed in such notice, unless in the meantime the default has been cured in a manner deemed satisfactory by the Mutual, it being the intention of the parties hereto to create hereby conditional limitations, and it shall thereupon be lawful for the Mutual to re-enter the Unit and to remove all persons and personal property therefrom, either by summary dispossession proceedings or by suitable action or proceeding at law or in equity or by any other proceedings which may apply to the eviction of the tenants by force or otherwise, and to repossess the Unit in its former state as if this Agreement had not been made:

Appears in 5 contracts

Samples: Occupancy Agreement, Occupancy Agreement, Occupancy Agreement

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