LEASE BUY-OUT. In the event, Resident desires to terminate the lease prior to the end of the initial term or any extension thereon, Resident may do so by giving thirty (30) days written notice, paying all amounts due or which would fall due prior to move-out (including paying back to Owner any and all move-out discounts or lease concessions), and paying the Lease Buy-Out Amount above. Such amounts are to be paid at the time of giving the notice. Resident shall still be responsible for any damages and cleaning of the Premises. If no amount is stated or the amount is $0, it shall be deemed to be the full amount due through the end of the initial term of this agreement. The lease may only terminate on the last day of a month unless otherwise agreed to by Owner or due to default.
LEASE BUY-OUT. A Buy-Out option allows a student to be released from the contract for a fee of 50% of the prorated housing fee for the remainder of the semester. The deadline to request a buy-out for Fall semester is December 01, and for Spring semester, April 01. There is no refund for Fall fees after December 01, and no refund for Spring fees after April 01. Any request received after December 01 will be considered a Spring request, and the student requesting will be responsible for a prorated 50% Spring room charge. Dining fees are not refundable. Early termination of the contract will result in forfeiture of the deposit. Students removed from Campus Living for disciplinary reasons will pay the full housing and dining fees without refund.
LEASE BUY-OUT. A student who is denied their request for a release from the housing lease may participate in a 65% buyout option. In this option, the resident will be charged 65% of the remaining Housing and Dining Services Contract in return for a cancellation of the Housing and Dining Services Contract.
LEASE BUY-OUT. In the event, Resident desires to terminate the lease prior to the end of the lease term, Resident may do so by giving written notice to management. At the time of notification to management three (3) month's rent will be immediately due to management for lease buy out amount. Funds must be a Cashier's Check, Certified Bank Check, or Money Order. After lease buy-out payment has been made, Management will provide to tenant the signed addendum releasing tenant of future rent and obligations that would normally be due under lease contract. Tenant then will have 30 days to vacate the property. Resident shall still be responsible for damages and cleaning of the premises as stated in the Security Deposit section of this contract. Management is under no obligation to negotiate for less than the amounts due as stated herein. Sub-leasing will not be allowed as an option or substitute to the Lease Buy-Out. The lease may only terminate on the last day of a month under the Lease Buy-Agreement.
LEASE BUY-OUT. Lessee agrees to pay Lessor $13,414.35 to buy out the current tenant of Suite II-250, Moddxxxx Xxxerprises, LLC, from its lease. Lessor and Lessee acknowledge and agree that this amount represents Lessor's unamortized finish out costs and leasing commissions from its lease with Moddxxxx Xxxerprises. Except as provided to the contrary herein, all the provisions of the Lease Agreement shall be applied to the expansion space and all of the remaining terms, covenants, and provisions of the Lease Agreement shall remain in full force and effect and unmodified hereby. Each party hereby acknowledges that the other is not in default under the Lease Agreement in any respect. Each signatory hereto represents and warrants that he or she is authorized to execute this document and that upon said execution by both parties, this document will constitute the binding obligation of the party on behalf of whom such person has signed, without the necessity of Joinder of any other person or entity. EXECUTED on the dates set forth below our respective signatures. LESSOR: LESSEE: EURUS ESTATES II, LTD. CROSSROADS SYSTEMS, INC. By: /s/ DON XXXX By: /s/ BRIAX XXXXX ----------------------------------- ------------------ Don Xxxx, XXM, RPA, Vice-President, Briax Xxxxx, Kucexx Xxxagement, Inc., CEO Authorized Managing Agent for Eurus Estates II, Ltd. Date: 10/22/97 Date: October 15, 1997 ---------------------------------- ----------------- 3 EXHIBIT A CROSSROADS SYSTEMS, INC. EXPANSION SPACE Kalexxx XX, Xxxxx 000 2,879 rentable square feet (2,346 usf) [FLOOR PLAN] Lessor DT ---------------
LEASE BUY-OUT. Lessee may buy lease out by paying fee of (month and half rent) along with providing a 30 day written notice to vacate.( This applies to Lessees with fixed term lease agreement).
LEASE BUY-OUT. Tenant may terminate this Lease with Xxxxxxxx’s written approval, and by delivering to Landlord a “Buy-Out Fee” equal to two months Rent, in addition to the forfeiture of the security deposit, totaling three months rent, whereupon the Lease shall terminate on the last day of the next full month. The Buy-Out termination must accompany Xxxxxx’s notice to vacate. Rents shall continue to be due up to and through the last day of the last month of occupancy. Payment of the Buy-Out Fee will waive the Rental Fee. If not approved, Landlord shall return the Buy-Out Fee to the Tenant.
LEASE BUY-OUT. Tenant shall have a one (1) time right to cancel the Lease at the end of the thirty-sixth (36th) month by performing the following:
