Common use of FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY Clause in Contracts

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 5 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 33% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 3 contracts

Samples: Lease Agreement, Installment Lease Agreement, Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia North Carolina law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease the apartment is signedre-rented, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 33% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 2 contracts

Samples: Installment Lease Agreement, Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 40% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 2 contracts

Samples: Installment Lease Agreement, Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 40% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 2 contracts

Samples: Installment Lease Agreement, Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's feesfees and a $50 administrative/civil recovery fee. D. For a collection fee of 25% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or LandlordXxxxxxxx’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 33% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 2 contracts

Samples: Installment Lease Agreement, Lease Agreement

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FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 40% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or LandlordXxxxxxxx’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 1 contract

Samples: Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises.. Sample C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 1 contract

Samples: Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. XxxxxxxxLandlord's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows:: SAMPLE A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's fees. D. For a collection fee of 25not to exceed 40% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or Landlord’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 1 contract

Samples: Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's feesfees and a $50 administrative/civil recovery fee. D. For a collection fee of 25not to exceed 40% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or LandlordXxxxxxxx’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 1 contract

Samples: Installment Lease Agreement

FAILURE TO PAY RENT; BREACH OF COVENANTS; BANKRUPTCY. In the event of (1) Resident’s material breach of this Lease, (2) Resident’s abandonment of the Premises; (3) the filing of bankruptcy or insolvency proceedings by or against Resident or the appointment of a Receiver or Trustee of his or her property; (4) Landlord not receiving any payment of rent or other charge by the fifth day of the month for which it is due; (5) Resident’s denial of any right reserved in the Lease to Landlord; (6) the institution of legal proceedings by or against Resident looking to a disposition of the Premises or any part thereof; or (7) the use of the Premises by Resident, Authorized Occupant, Resident’s family member, or guest for any illegal purpose, Landlord shall have the right as permitted under applicable Virginia law to terminate this Lease and to file an appropriate unlawful detainer action and to pursue subsequent eviction proceedings. Xxxxxxxx's chosen recourse to any of the above cited breaches shall not deprive it of any other action or remedy permitted by law. Should Landlord pursue any such unlawful detainer action, Resident shall be liable as follows: A. For all installments of rent and other charges for the remainder of the term of this Lease or any renewal period thereafter or until a new lease is signed, whichever first occurs. B. For all expenses which may be incurred by Landlord in connection with re-renting the Premises, including, but not limited to, brokerage, advertising and other such administrative expenses. The parties acknowledge the impossibility of ascertaining the amount of such expenses and Resident therefore agrees to pay a liquidated amount of one full month’s rent as payment in full for Landlord's expenses in connection with re-renting the Premises. C. For any court costs and legal fees incurred by Landlord for collection of unpaid rent or other charges under this Lease including, but not limited to, reasonable attorney's feesfees and a $50 administrative/civil recovery fee. D. For a collection fee of 25not to exceed 33% of the amount sued for under this Lease, payable to the Agent for, but not limited to, the Agent’s cost for processing all civil papers, research, case investigation, conferences with counsel, collection expenses, etc. E. Resident expressly authorizes Landlord or LandlordXxxxxxxx’s Agent (including a collection agency) to obtain Resident’s consumer credit report, which Landlord or Landlord’s Agent may use when attempting to collect past due rent payments, late fees or other financial charges due from Resident, both during the term of the Lease and thereafter.

Appears in 1 contract

Samples: Installment Lease Agreement

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