Common use of Early Lease Termination Clause in Contracts

Early Lease Termination. Tenant may not sublease the Premises, assign this Lease, assign Tenant’s rights under this Lease, or allow anyone else to occupy the Premises without Landlord’s written permission in advance. Landlord’s permission may be given at Landlord’s sole discretion. Without Landlord’s written permission, any sublease or assignment will be void and ineffective. Tenant must pay Landlord a non-refundable $200.00 fee if Tenant wants to transfer or terminate this Lease, even if it is before the beginning of the Term. Tenant must find a replacement Tenant (“Replacement Tenant”) willing to take over the obligations under this Lease (“Assignment”). Landlord, at its option, may provide reasonable assistance to Tenant to find a Replacement Tenant. The Replacement Tenant must also be a Qualified Tenant. Tenant must obtain Landlord’s written consent to the Assignment. Tenant will not be released from the Lease obligations until a Replacement Tenant is located, approved, signs a lease, and moves in. If Tenant wants to assign or get out of this Lease, and no Replacement Tenant has been located, then Landlord may relocate another of Landlord’s or University’s tenants into the Premises (who will not be considered a Replacement Tenant), and may reassign/relocate Tenant into other premises. Such relocation will not relieve Tenant from the obligation to pay Rent or any other Lease obligations. If a Replacement Tenant is not found, then Tenant will remain responsible for payment for the entire Term of this Lease Tenant understands the requirements necessary to be released from the Lease under this Section 5, including:

Early Lease Termination. Tenant may not sublease the Premises, assign this Lease, assign Tenant’s rights under this Lease, or allow anyone else to occupy the Premises without getting Landlord’s written permission in advance. Landlord’s permission may be given at Landlord’s sole discretion. Without Landlord’s written permission, any sublease or assignment will be void and ineffective. Tenant must pay Landlord a non-refundable $200.00 fee if If Tenant wants to transfer or terminate this Lease, even if it is before the beginning of the Term, then Tenant must complete and submit to Landlord an Early Lease Termination Form, in addition to a non- refundable $200.00 fee. Tenant must find a replacement Tenant (“Replacement Tenant”) willing to take over the obligations under this Lease (“Assignment”). Landlord, at its option, may provide reasonable assistance to Tenant to find a Replacement Tenant. The Replacement Tenant must also be a Qualified Tenant. Tenant must obtain Landlord’s written consent to the Assignment. Tenant will not be released from the Lease obligations until a Replacement Tenant is located, approved, signs a lease, and moves in. If Tenant wants to assign or get out of this Lease, and no Replacement Tenant has been located, then Landlord may relocate another of Landlord’s or University’s tenants into the Premises (who will not be considered a Replacement Tenant), and may reassign/relocate Tenant into other premises. Such a relocation will not relieve Tenant from the obligation to pay Rent or any other Lease obligations. If a Replacement Tenant is not found, then Tenant will remain responsible for payment for the entire Term of this Lease Lease. Tenant understands the requirements necessary to be released from the Lease under this Section 5, including: