Common use of NOTICE TO VACATE OR RENEW Clause in Contracts

NOTICE TO VACATE OR RENEW. Upon receipt of Notice to Renew or Vacate, RESIDENT shall respond within fourteen (14) days stating their intent. If RESIDENT(S) fail to respond to MANAGEMENT’S notices as stipulated, it will be assumed that RESIDENT intends to vacate the PREMISES and the unit may be assigned to incoming applicants. Those vacating must sign Intent to Vacate Form. RI 26. EMPLOYMENT TRANSFER IN EXCESS OF 50 MILES: RESIDENT may terminate this LEASE prior to the expiration of the TERMS by providing to MANAGEMENT a sixty (60) day written notice prior to the vacation date and verifying proof of job transfer from RESIDENT’S employer at time of application. RESIDENT’S employment location must be in excess of 50 miles or more from their residence. The RESIDENT must deliver to MANAGEMENT a buyout fee equal to two (2) months rent in a guaranteed form of payment (i.e. money order, cashier’s check or certified funds) upon vacating the PREMISES. Should RESIDENT vacate the apartment prior to the expiration of the notice period, RESIDENT remains responsible for the rent and utilities during that period. Utilities must be kept on in the apartment at all times throughout the term of the LEASE. *Does not apply to military transfers. RESIDENT must provide MANAGEMENT with a copy of the official notification of the orders or a signed letter, confirming the orders, from the tenant’s commanding officer.

NOTICE TO VACATE OR RENEW. Upon receipt of Notice to Renew or Vacate, RESIDENT shall respond within fourteen (14) days stating their intent. If RESIDENT(S) fail to respond to MANAGEMENT’S notices as stipulated, it will be assumed that RESIDENT intends to nonrenew the LEASE and to vacate the PREMISES at the end of the current LEASE term and thus the unit may be assigned to an incoming applicantsapplicant. Those vacating must sign Intent to Vacate Form. RI 26. EMPLOYMENT TRANSFER IN EXCESS OF 50 MILES: RESIDENT may terminate this LEASE prior to the expiration of the TERMS by providing to MANAGEMENT a sixty (60) day written notice prior to the vacation date and verifying proof of job transfer from RESIDENT’S employer at time of application. RESIDENT’S employment location must be in excess of 50 miles or more from their residence. The RESIDENT must deliver to MANAGEMENT a buyout fee equal to two (2) months rent in a guaranteed form of payment (i.e. money order, cashier’s check or certified funds) upon vacating the PREMISES. Should RESIDENT vacate the apartment prior to the expiration of the notice period, RESIDENT remains responsible for the rent and utilities during that period. Utilities must be kept on in the apartment at all times throughout the term of the LEASE. *Does not apply to military transfers. RESIDENT must provide MANAGEMENT with a copy of the official notification of the orders or a signed letter, confirming the orders, from the tenant’s commanding officer.