Common use of Renewal of Lease Clause in Contracts

Renewal of Lease. Neither Landlord nor Resident is obligated to renew this Lease or enter into a new Lease at the expiration of the Lease Term. The Lease Term does not automatically renew on any basis or for any reason. Resident and Co-tenants are required to give notification of Lease Renewal on or before December 1, 2024. If Resident does not give notification to renew the Lease within the time frame prescribed, it will be assumed the Resident and / or Co-tenants will be moving out at the end of the Lease Term, and Resident's Bedroom may be leased to another Resident upon expiration of this Lease, without notice. If all Leases in the Unit are not signed and returned to Landlord by December 15, 2024, any Bedroom(s) and / or Unit will be considered available for the upcoming Lease Term and may be leased to other Resident(s) and / or group(s). The determination to enter a new Lease shall be at the sole discretion of Landlord, and shall be subject to Landlord’s current credit and screening criteria for the Resident and their Guarantor.

Renewal of Lease. Neither Landlord nor Resident is obligated to renew this Lease or enter into a new Lease at the expiration of the Lease Term. The Lease Term does not automatically renew on any basis or for any reason. Resident and Co-tenants are required to give notification of Lease Renewal on or before December February 1, 20242025. If Resident does not give notification to renew the Lease within the time frame prescribed, it will be assumed the Resident and / or Co-tenants will be moving out at the end of the Lease Term, and Resident's Bedroom may be leased to another Resident upon expiration of this Lease, without notice. If all Leases in the Unit are not signed and returned to Landlord by December February 15, 20242025, any Bedroom(s) and / or Unit will be considered available for the upcoming Lease Term and may be leased to other Resident(s) and / or group(s). The determination to enter a new Lease shall be at the sole discretion of Landlord, and shall be subject to Landlord’s current credit and screening criteria for the Resident and their Guarantor.

Renewal of Lease. Neither Landlord nor Resident is obligated to renew this Lease or enter into a new Lease at the expiration of the Lease Term. The Lease Term does not automatically renew on any basis or for any reason. Resident and Co-tenants are required to give notification of Lease Renewal on or before December 1, 20242023. If Resident does not give notification to renew the Lease within the time frame prescribed, it will be assumed the Resident and / or Co-tenants will be moving out at the end of the Lease Term, and Resident's Bedroom may be leased to another Resident upon expiration of this Lease, without notice. If all Leases in the Unit are not signed and returned to Landlord by December 15, 20242023, any Bedroom(s) and / or Unit will be considered available for the upcoming Lease Term and may be leased to other Resident(s) and / or group(s). The determination to enter a new Lease shall be at the sole discretion of Landlord, and shall be subject to Landlord’s current credit and screening criteria for the Resident and their Guarantor.

Renewal of Lease. Neither Landlord nor Resident is obligated to renew this Lease or enter into a new Lease at the expiration of the Lease Term. The Lease Term does not automatically renew on any basis or for any reason. Resident and Co-tenants are required to give notification of Lease Renewal on or before December 1, 20242022. If Resident does not give notification to renew the Lease within the time frame prescribed, it will be assumed the Resident and / or Co-tenants will be moving out at the end of the Lease Term, and Resident's Bedroom may be leased to another Resident upon expiration of this Lease, without notice. If all Leases in the Unit are not signed and returned to Landlord by December 15, 20242022, any Bedroom(s) and / or Unit will be considered available for the upcoming Lease Term and may be leased to other Resident(s) and / or group(s). The determination to enter a new Lease shall be at the sole discretion of Landlord, and shall be subject to Landlord’s current credit and screening criteria for the Resident and their Guarantor.