Common use of LEASE RENEWAL Clause in Contracts

LEASE RENEWAL. Renewal of this agreement is at the UNIVERSITY’S sole discretion. Eligibility for renewal is contingent upon evidence of continuing status as a regularly enrolled full-time student for the forthcoming academic year and satisfactory payment history. For all eligible TENANTS, space availability will be a factor. No later than 60 days prior to the expiration date of this lease agreement, TENANT must submit a written request to renew the lease agreement and verify eligibility for continued residency. TENANTS approved for lease renewal must execute a new lease agreement no later than the date stipulated by the UNIVERSITY. Failure to execute a new lease agreement shall be deemed evidence of intent not to renew.

LEASE RENEWAL. Renewal of this agreement is at the UNIVERSITY’S sole discretion. Eligibility for renewal is contingent upon evidence of continuing status as a regularly enrolled full-time student for the forthcoming academic year and satisfactory payment history. For all other eligible TENANTSResidents, space availability will be a factorfactor and priority will be given to Residents with children. No later than 60 days prior to the expiration date of this lease agreement, TENANT RESIDENT must submit a written request to renew the lease agreement and verify eligibility for continued residency. TENANTS Residents approved for lease renewal must execute a new lease agreement no later than the date stipulated by the UNIVERSITY. Failure to execute a new lease agreement shall be deemed evidence of intent not to renew.