Common use of Re-letting Clause in Contracts

Re-letting. Resident may not transfer this Lease or assign or sublet the Unit, nor any part of the Unit. If Resident wishes to re-let, he/she must notice the Landlord in writing. Providing notification to the Landlord does not modify or amend the terms and conditions of this Lease, release the Guarantor, and does not guarantee that an acceptable replacement Resident will be identified. Replacing a Resident is allowed only when Landlord consents in writing. If Resident permits another person to live in Unit or provides key to a person not named on this Lease, Resident will be subject to a fine. If departing or remaining Residents find a replacement Resident acceptable to Landlord before moving out and Landlord expressly consents to the replacement, then: a. Resident will pay Landlord a $500 re-letting fee before the replacement resident will be considered; b. Such substitute Resident will be obligated to pay the standard application fee, which shall be immediately due and payable; c. The departing Resident must pay for all damage to the Unit and the Property as provided in this Lease; d. the replacement Resident must meet the rental criteria; e. the replacement Resident must fully complete and execute a new Lease and all addenda, and cause a new Guarantee to be executed and delivered; f. a rekeying fee will be due if rekeying is requested or required; and g. the departing Resident will no longer remain liable for all Lease Contract obligations for the rest of the original Lease Contract term.