Common use of INTENT TO COMPLETE CONSTRUCTION Clause in Contracts

INTENT TO COMPLETE CONSTRUCTION. In the case of a Property that has not yet been constructed or remodeled by Landlord, Tenant acknowledges and agrees that the location and layout of the Property cannot be determined until final approval has been obtained from Bloomsburg Borough and an occupancy permit has been issued. Landlord and Tenant agree that the Property shall be approximately of the size, and at the location, as depicted in the Floor Plans and Construction Details as represented by Landlord or Landlord’s designate. Tenant, by execution hereof, hereby approves of such representation. Tenant further acknowledges and agrees that Landlord has not yet obtained formal approval to construct or remodel the building to be located on the Property. Landlord will make reasonable effort to obtain this approval, however, in the event Landlord is unsuccessful in obtaining such approval, or in obtaining a building permit for construction or remodeling of Property such that the building can be constructed and ready for occupancy on or before the start date of 3) TERM of this lease for any reason whatsoever, including, without limitation, the inability of Landlord to obtain financing to construct the building, then either party shall have the right thereafter to terminate this Agreement as a result of which neither party shall have any further liability hereunder or any liability to the other for damages or compensation. Under no circumstances shall Landlord be liable to Tenant for any damages, claims or losses of any nature which are the result of the failure or inability of Landlord to deliver a completed apartment by the anticipated commencement date of this Lease. In that event all monies paid on account of the lease will be refunded in full along with a $300 relocation fee. Tenant and Guarantors are limited to the $300 relocation fee as liquidated damages and the Landlord will be released from further liability or obligation and this lease will be Void.

INTENT TO COMPLETE CONSTRUCTION. In the case of a Property that has not yet been constructed or remodeled by LandlordOwner, Tenant acknowledges and agrees that the location and layout of the Property cannot be determined until final approval has been obtained from Bloomsburg Borough and an occupancy permit has been issued. Landlord Owner and Tenant agree that the Property shall be approximately of the size, and at the location, as depicted in the Floor Plans and Construction Details as represented by Landlord Owner or LandlordOwner’s designate. Tenant, by execution hereof, hereby approves of such representation. Tenant further acknowledges and agrees that Landlord Owner has not yet obtained formal approval to construct or remodel the building to be located on the Property. Landlord Owner will make reasonable effort to obtain this approval, however, in the event Landlord Owner is unsuccessful in obtaining such approval, or in obtaining a building permit for construction or remodeling of Property such that the building can be constructed and ready for occupancy on or before the start date of 3) TERM of this lease for any reason whatsoever, including, without limitation, the inability of Landlord Owner to obtain financing to construct the building, then either party shall have the right thereafter to terminate this Agreement as a result of which neither party shall have any further liability hereunder or any liability to the other for damages or compensation. Under no circumstances shall Landlord Owner be liable to Tenant for any damages, claims or losses of any nature which are the result of the failure or inability of Landlord Owner to deliver a completed apartment by the anticipated commencement date of this Lease. In that event all monies paid on account of the lease will be refunded in full along with a $300 relocation fee. Tenant and Guarantors are limited to the $300 relocation fee as liquidated damages and the Landlord Owner will be released from further liability or obligation and this lease will be Void.

INTENT TO COMPLETE CONSTRUCTION. In the case of a Property that has not yet been constructed or remodeled by Landlord, Tenant acknowledges and agrees that the location and layout of the Property cannot be determined until final approval has been obtained from Bloomsburg Borough and an occupancy permit has been issued. Landlord and Tenant agree that the Property shall be approximately of the size, and at the location, as depicted in the Floor Plans and Construction Details as represented by Landlord or Landlord’s designate. Tenant, by execution hereof, hereby approves of such representation. Tenant Xxxxxx further acknowledges and agrees that Landlord has not yet obtained formal approval to construct or remodel the building to be located on the Property. Landlord will make reasonable effort to obtain this approval, however, in the event Landlord is unsuccessful in obtaining such approval, or in obtaining a building permit for construction or remodeling of Property such that the building can be constructed and ready for occupancy on or before the start date of 3) TERM of this lease for any reason whatsoever, including, without limitation, the inability of Landlord to obtain financing to construct the building, then either party shall have the right thereafter to terminate this Agreement as a result of which neither party shall have any further liability hereunder or any liability to the other for damages or compensation. Under no circumstances shall Landlord be liable to Tenant for any damages, claims or losses of any nature which are the result of the failure or inability of Landlord to deliver a completed apartment by the anticipated commencement date of this Lease. In that event all monies paid on account of the lease will be refunded in full along with a $300 relocation fee. Tenant and Guarantors are limited to the $300 relocation fee as liquidated damages and the Landlord will be released from further liability or obligation and this lease will be Void.