Common use of Lease Transition Period Clause in Contracts

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 to August 18) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 3 contracts

Samples: College Park Lease, College Park Lease, College Park Lease

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Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 August 1 to August 1820) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 2 contracts

Samples: Lease, Lease

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 August 1 to August 1821) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 2 contracts

Samples: Lease, Lease

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 August 1 to August 1821) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 2 contracts

Samples: College Park Lease, College Park Lease

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughlyJuly 30, July 27 2021 to August 1824, 2021 and Tenant’s installment payment due August 1, 2020 is for new lease start date) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), ) and pays Landlord rent, rent in full at the time of signing the New Lease, Lease for the entire Lease Transition Period. All terms, conditions, rules rules, and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements improvements, to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 2 contracts

Samples: Sample Lease, Maryland Lease

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Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 August 1 to August 1821) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements improvements, to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 1 contract

Samples: Lease

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 August 1 to August 1823) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements improvements, to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 1 contract

Samples: Maryland Lease

Lease Transition Period. Tenant shall be permitted to remain in possession of the Premises for the period between the Lease Termination Date and the commencement of the new academic year (roughly, July 27 29 to August 1820) (the “Lease Transition Period”), provided Tenant executes on or before the Lease Termination Date a new Lease for the same Premises for the new academic year (the “New Lease”), and pays Landlord rent, in full at the time of signing the New Lease, for the entire Lease Transition Period. All terms, conditions, rules and regulations contained in the previous Lease shall remain in full effect during the Lease Transition Period. During the Lease Transition Period, Tenant agrees that the Landlord, its agent or representative, or University staff may enter the Apartment Unit and Premises between the hours of 8am and 8pm daily for the purposes of making inspections, and repairs, decorations, alterations or improvements improvements, to retrieve stolen furniture or property, to supply services and/or to exhibit same to prospective lessees, any transfer of the New Lease shall be subject to the requirements of paragraph 16 herein. In addition, if Tenant transfers the New Lease during the Lease Transition Period, Tenant must move-out of Apartment Unit within twenty-four (24) hours of notification of New Lease transfer to management, and Tenant shall pay Landlord a pro-rata per-day rental charge based upon the number of days Tenant resided in Apartment Unit during the Lease Transition Period. A transferred lease cannot commence during the lease transition period. The pro-rata per-day rental charge shall be determined based upon the Tenant’s Unit Type and the base rent charge thereof as stated on the New Lease. Tenant must a) maintain a zero account balance during Lease Transition Period; b) be responsible for common areas, refrigerator transition preparation and complying with all conditions contained in the lease confirmation form.

Appears in 1 contract

Samples: Lease

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