REPLACEMENTS AND SUBLETTING Clause Samples

REPLACEMENTS AND SUBLETTING. Replacing a Student, subletting, or assignment is allowed only when Owner consents in writing. If departing or remaining Students find a replacement Student acceptable to Owner before moving out and Owner expressly consents to the replacement, subletting, or assignment, then:

REPLACEMENTS AND SUBLETTING. Without the prior written approval of Owner, replacing Residents or subletting the Leased Premises is strictly prohibited. A replacement of Residents or sublease will be subject to Owner's policies and underwriting requirements, reimbursement of Owner's expenses in connection with the replacement or sublease, and final approval by Owner of the Residents' replacement or sublessee. Residents who are replaced or sublet the Leased Premises will continue to be liable for all of Residents' obligations of this Agreement, unless otherwise agreed to by Owner in writing. Replaced Residents' and Sublessors relinquish their rights to a refund of the security deposit, and their right to possess or otherwise occupy the Leased Premises, unless otherwise required by applicable law. Any attempt to replace any Residents or sublet the Leased Premises without Owners' prior written consent will be void. Residents shall not assign this Agreement.

REPLACEMENTS AND SUBLETTING. Replacing a renter, subletting, or assignment is only allowed when we consent in writing. If a replacement renter is found, and we expressly consent to the replacement, subletting, or assignment, then: (a) an administrative fee of $135.00 will be due; and (b) a rekeying fee will be due if requested; and (c) you will remain liable for all Lease Agreement obligations for the rest of the original Agreement term. If we approve a replacement renter, we have the option to have the replacement renter sign this Lease Agreement; or the remaining and replacement renters must sign a new Lease Agreement. The departing renter will no longer have a right to occupancy or a security deposit refund. Even if a new lease agreement is signed, the departing renter will remain liable for the remainder of the original Lease Agreement term. An incoming renter is responsible for any condition left by the outgoing renter. You agree to immediately inform us of any planned renter changes, prior to any move in. You agree to pay a penalty of $450.00 for any violation of this policy. The penalty assessment is due and payable immediately and does not constitute permission for the new renter to occupy the premises. If the fee is not paid it will be deducted from the security deposit at the termination of this Agreement.

REPLACEMENTS AND SUBLETTING. Replacing a Student, subletting, or assignment is allowed only when the Owner consents in writing. If departing or remaining Students find a replacement Student acceptable to Owner before moving out and Owner expressly consents to the replacement, subletting, or assignment, then: A) A $300 RE-LETTING FEE APPLIES. B) A reasonable fee will be due if re-keying is requested or required. C) The remaining Students will remain liable for all Lease Contract obligations for the rest of the original Lease Contract term. D) A replacement student will not be a valid replacement until the lease has been signed, the deposit is paid and the notarized parent guarantee is received by the Owner. Prior to the lease being signed, the deposit and notarized parent guarantee turned in by the replacement student, the original student remains liable for their obligations under the Lease. E) The departing Student’s reservation deposit will be refunded less the re-letting fee only after all the replacement Student’s paperwork and deposits have been turned in. In the event the semester has already started and occupancy has been given, the security deposit less the re-letting fee will be returned at the end of the school year. F) At least two-thirds of the remaining Students must approve of the replacement Student via replying to a text notification sent out by management to the remaining Students and their parents. If no reply is received within 3 days of the original text being sent, their non-reply will be counted as an approving vote. G) The replacement Student gets the bedroom of the departing Student. Remaining Students may not switch bedrooms around upon departure of the original Student. H) If the remaining Students refused a reasonable replacement Student (reasonable based on Owner’s sole discretion) they agree to cover the departing Student’s portion of the rent and the departing Student will be released from the Lease. I) Once a replacement Student has been found to sublet or is added to the group to fill an empty bedroom, any additional rent monies the remaining Students have paid will be credited towards any future rent owed. N OTE: It is the sole responsibility of the departing Student and remaining Students to find a replacement. The $300 fee is paid by the departing Student to cover administrative costs. Owner has no responsibility to find a replacement. If no r eplacement is found the departing Student and remaining Students are still liable for the total amount of th...

REPLACEMENTS AND SUBLETTING. Replacing a Tenant, subletting, or assignment is allowed only when Landlord consents in writing. If departing or remaining Tenants find a replacement Tenant acceptable to Landlord before moving out, and Landlord expressly consents to the replacement, subletting, or assignment, then: a. Re-letting charge will be $150.00 b. A reasonable fee will be due if re-keying is requested or required; and c. The remaining Tenants will remain liable for all Lease Contract obligations for the rest of the original Lease Contract term.

REPLACEMENTS AND SUBLETTING. Replacing a resident, SAMPLE (1) the replacement resident must sign this Lease Contract departing or remaining residents find a replacement resident acceptable to us before moving out and we expressly consent to the replacement, subletting, or assignment, then: with or without an increase in the total security deposit; or (2) the remaining and replacement residents must sign an entirely new Lease Contract. Unless we agree otherwise in writing, your security deposit will (3) a reletting charge will not be due; a reasonable administrative (paperwork) fee will be due, and a rekeying fee will be due if rekeying is requested or required; and the departing and remaining residents will remain liable for all Lease Contract obligations for the rest of the original Lease Contract term. automatically transfer to the replacement resident as of the date we approve. The departing resident will no longer have a right to occupancy or a security-deposit refund, but will remain liable for the remainder of the original Lease Contract term unless we agree otherwise in writing--even if a new Lease Contract is signed. NOT A VALID FORM

REPLACEMENTS AND SUBLETTING. Replacing a Tenant, subletting, or assignment is allowed only when Leasing Agent consents in advance in writing. If departing or remaining Tenants find a replacement Tenant acceptable to Leasing Agent before moving out and Leasing Agent expressly consents to the replacement, subletting, or assignment in writing, then: 1. Re-letting fee of $150.00 will be due from the departing Tenant. 2. A fee of $50 will be charged to the departing Tenant for re-setting door lock codes. 3. The new Tenant is required to pay a one-time refundable $500 Security Deposit 4. The remaining Tenants and the new Tenant will be liable for all Agreement obligations for the rest of the remainder of the original Term.

REPLACEMENTS AND SUBLETTING. Replacing a resident, sub- letting, assignment, or granting a right or license to occupy is allowed only when we expressly consent in writing. Procedures for Replacement. If we approve a replacement resident, then, at our option: (1) the replacement resident must sign this Lease Contract with or without an increase in the total security deposit; or (2) the remaining and replacement residents

REPLACEMENTS AND SUBLETTING. Replacing a Tenant, subletting, or assignment is allowed only when consent is in writing from Owner Representative and remaining Tenants in the form of a Subletting Addendum. Owner Representative will NOT give consent unless there is an entire agreement among the remaining tenants. If subletting does occur, an administrative (paperwork) fee of $150 will be due from the Tenant subletting their room, and a rekeying fee to subletting Tenant will be due if rekeying is requested or required by any other Tenant.