Common use of Failure to Pay or Perform Clause in Contracts

Failure to Pay or Perform. Management may terminate this Agreement, without limitation on any other rights or remedies Owner or Management may have at law or in equity, if (i) Resident fails to pay any installment of Rent or any other charges as required under this Agreement and the failure continues for a period of ten days after notice from Management of the failure; (ii) Resident fails to comply with or perform any covenant or provision under this Agreement and the failure continues for 20 days after notice from Management of the failure; (iii) Resident fails to comply with the Iowa Uniform Residential Landlord and Tenant Law in a manner that materially affects health and safety and the failure continues for a period of five days after notice from Management; (iv) Resident breaches this Agreement in a material or irreparable manner; or (v) Resident commits an additional act of noncompliance during the Term of the Agreement that entitles Owner or Management to terminate the Agreement under the Iowa Uniform Residential Landlord and Tenant Law.