Common use of Lease Transfer Clause in Contracts

Lease Transfer. Tenant shall not assign, sublet, or transfer his or her interest in the Premises, Apartment Unit, or any part thereof without the Landlord’s written prior consent. Unauthorized occupants of the Premises and/or Apartment Unit shall be removed and/or excluded by Landlord. Tenant shall have the ability to transfer their lease provided they strictly follow the procedures established by Agent, to included paying a One Hundred Dollar ($100) lease transfer fee. Tenant bears the full responsibility for finding a qualified replacement student to take over the Lease for any remaining portion of the Lease Term in the event of a permitted transfer. In order to be released from the Lease, Tenant must ensure that the replacement student meets all South Campus Commons eligibility requirements, as determined by University of Maryland’s Department of Resident Life; completes all appropriate paperwork, pays all appropriate fees and charges, and takes possession of the Premises A Tenant relinquishes their right to the Premises and/or Apartment Unit through the re-leasing process and does not have the right to automatically return. A tenant that does not meet the eligibility requirements shall have no automatic right to renew the Lease for subsequent lease terms.

Lease Transfer. Tenant shall not assign, sublet, or transfer his or her interest in the Premises, Apartment Unit, or any part thereof without the Landlord’s written prior consent. Unauthorized occupants of the Premises and/or Apartment Unit shall be removed and/or excluded by Landlord. Tenant shall have the ability to transfer their lease provided they strictly follow the procedures established by Agent, to included paying a One Hundred Dollar ($100) lease transfer fee, due to the additional administrative work involved in transfers of the lease. Tenant bears the full responsibility for finding a qualified replacement student to take over the Lease for any remaining portion of the Lease Term in the event of a permitted transfer. In order to be released from the Lease, Tenant must ensure that the replacement student meets all South Campus Commons Courtyards at University of Maryland eligibility requirements, as determined by University of Maryland’s Department of Resident Life; , completes all appropriate paperwork, pays all appropriate fees and charges, and takes possession of the Premises Premises. A Tenant relinquishes their right to the Premises and/or Apartment Unit through the re-leasing process and does not have the right to automatically return. A tenant Tenant that does not meet the eligibility requirements shall have no automatic right to renew the Lease for subsequent lease terms.