Common use of REPLACEMENTS AND SUBLETTING Clause in Contracts

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 renterresident, subletting, or assignment is only allowed when we consent in writing. If a replacement renter resident 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 renterresident, we have the option to have the replacement renter resident sign this Lease Agreement; or the remaining and replacement renters residents must sign a new Lease Agreement. The departing renter resident will no longer have a right to occupancy or a security deposit refund. Even if a new lease agreement is signed, the departing renter resident will remain liable for the remainder of the original Lease Agreement term. An incoming renter resident is responsible for any condition left by the outgoing renterresident. You agree to immediately inform us of any planned renter resident 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 resident to occupy the premisesresidence. If the fee is not paid it will be deducted from the security deposit at the termination of this Agreement.