Occupancy Rates. Manager shall set nightly occupancy rates and policies as Manager shall determine in its sole and exclusive discretion. Manager, in its discretion, shall have the right to reserve the occupancy of the Residence at rates less than the regularly advertised rates in circumstances such as, but not limited to, extended length of stay, group discounts, company or corporate discounts, package plan discounts, holiday or promotional discounts. Manager and Owner shall mutually agree to occupancy rates for extended stays. Extended stays pertain to a Rental Guest reserving more than thirty
Occupancy Rates. Commencing on the Effective Date, rates for occupancy and use of the Premises shall be as set forth in Exhibit B.
Occupancy Rates. Subsidiary through Manager shall set nightly occupancy rates and policies as Manager shall determine in its sole and exclusive discretion. Manager, in its discretion, shall have the right to reserve the occupancy of the Residence at rates less than the regularly advertised rates in circumstances such as, but not limited to, extended length of stay, group discounts, company or corporate discounts, package plan discounts, holiday or promotional discounts. Manager and Owner shall mutually agree to occupancy rates for extended stays. Extended stays pertain to a Rental Guest reserving more than thirty (30) consecutive nights in the Owner’s Residence.
Occupancy Rates. Within five (5) Business Days of the end of the calendar month ending immediately prior to the expiration of the Inspection Period, Seller and/or Existing Operator shall deliver to Purchaser an updated Rent Roll for the Facilities and the Separate Facilities, considered as a whole (the “Aggregate Facilities”), together with a calculation of the average monthly occupancy rate of the Aggregate Facilities for the three-month period ending on the last day of such immediately preceding calendar month (the “Updated Average Occupancy Rate”). In the event that the Updated Average Occupancy Rate of the Aggregate Facilities as set forth with such Rent Roll is more than 5% lower than the occupancy rate of the Aggregate Facilities calculated based upon the Rent Rolls for the Aggregate Facilities for the month ending immediately prior to the Effective Date, Purchaser shall have the right at any time prior to 5:00 p.m. (Eastern) on the fourteenth (14th) day following expiration of the Inspection Period (the “Rent Roll Review Period”), in its sole and absolute discretion, to terminate this Agreement in its entirety. If Purchaser fails to deliver to Seller a written notice exercising its right to terminate this Agreement pursuant to this Section 4.6 prior to the expiration of the Rent Roll Review Period, then Purchaser shall be deemed to have waived such termination right, and this Section 4.6 shall be of no further force and effect. If Purchaser delivers to Seller a written election to terminate this Agreement pursuant to this Section 4.6 prior to the expiration of the Rent Roll Review Period, the parties shall provide written instructions to the Escrow Agent directing the Escrow Agent to return the Deposit to Purchaser, and this Agreement shall terminate automatically and be of no further force or effect, and the parties hereto shall have no further obligation to the other except for those obligations specifically surviving the termination of this Agreement.
Occupancy Rates. According to the law of supply and demand, when the demand for an item is greater than the supply, the price or value of the i tem increases. And when the supply exceeds the demand, the price or value of the item decreases. This basic rule applies to rental properties just as it applies to other commodities. From a property manager’s point of view, the supply of rental units is t he total number of units available for occupancy in the area where the managed property is located. The demand for rental units is the total number of potential tenants in that area who are able to pay the rent for those units. When demand exceeds supply, rental rates go up; when supply exceeds demand, rental rates go down. There is a technical oversupply of property when there are more units than potential tenants. There is an economic oversupply when there are enough potential tenants, but they are unable to pay the current rent. Likewise, there may be a technical shortage ( when there are more potential tenants than units) or an economic shortage ( when there are more able- to- pay tenants than units). To set rental rates for a managed property, a property manager must determine the occupancy trend for the area. I f the trend is toward higher occupancy levels, the value of the units will increase because space is becoming more scarce. I t is during these t xxxx that managers raise rents and reduce services. On the other hand, i f there is a trend toward higher vacancy rates, a unit’s value will decrease. In periods of high vacancy, tenants are l ikely to resist rent increases or make more demands for services or repairs when leases are renewed. Occupancy levels are constantly f luctuating. The direction and speed in which they are moving will have a significant impact on the property manager’s operating and marketing policies.
Occupancy Rates. The Applicant agrees the duration of this agreement with the University is for the entire period of occupancy as requested by the Applicant and reserved by Residential Life. In general, housing charges are billed directly to the Applicant’s Tech 900# account/NMT Student Account by calculating all days of occupancy times the daily rate of the room as determined by the current "Residential Life Rates" sheet, available at the University Office of Residential Life. Charges and/or billing methods may be adjusted at the discretion of Residential Life. Residential Life will list the specific dates of the Applicant’s housing reservation via confirmation sent to the Applicant’s e-mail address as listed on this application. The Applicant will not be allowed to occupy a room prior to the room reservation or after the room reservation except under special circumstances when written permission is obtained from Residential Life.
