RESIDENT PROPERTY Sample Clauses
RESIDENT PROPERTY. The Office of Residence Life and the SCCCDC shall not be liable, directly or indirectly, for loss of or damage to any article of personal property or vehicle anywhere on the premises caused by fire, water, steam, the elements, insufficient heat, loss or surges of electricity, the actions of third persons, or any other acts of nature resulting in the interruption of service or damage to personal belongings. Additionally, students who cause damage in the Residence Halls including major structural damage, even accidentally, should expect to be held financially accountable. Students are responsible for insuring their own property by purchasing renters insurance or assuring coverage on their parent’s homeowners insurance. and/or the student’s parent or guardian that property had been found in the room. Neither the Office of Residence Life or their agents or agreement or assume any responsibility for any such property at any time, regardless of any course of action.
RESIDENT PROPERTY. The University reserves the right to restrict the use of my furniture or other items if such use necessitates the removal of any of the University’s property from the unit or if such furniture or other items are a health or safety hazard or interferes with the provision of services to other residents of the building. Where my personal property is left on the premises for more than 7 days after I vacate upon expiration or termination of the contract, the University shall have the right, at its sole option and without further notice, to either (a) dispose of such property, or (b) charge a reasonable storage charge for any such property. Washers, dryers, dishwashers, ceiling fans, window air conditioners, space heaters, large appliances, treadmills, either electrically or battery-operated or any other items that are considered by the University to be a safety or health hazard, are not permitted. The complete list of items not permitted for safety reasons can be found at xxxx://xxx.xxxxxxxxxxxx.xxx/living/about-us/policies/policies-and-procedures/index.html.
RESIDENT PROPERTY. 4.1. Transferor hereby represents to New Operator that there are no resident trust funds.
4.2. Within five (5) business days after the Effective Date, Transferor shall provide New Operator with a schedule (the "RENTS AND FEES SCHEDULE") of all of the (i) prepaid rents/move in deposits (the "PREPAID RENTS") and (ii) the unearned portion of any entrance/community fees (as hereinafter more fully described) (the "ENTRANCE FEES") being held in trust by Transferor for the residents or prospective residents of the Facility (collectively, the "RENTS AND FEES"), which schedule shall set forth the name of each resident or prospective resident for whom such Rents and Fees are being held and the amount of the Rents and Fees being held for each such resident or prospective resident. Concurrently with the delivery of the Rents and Fees Schedule, Transferor shall remit the Rents and Fees to New Operator and New Operator shall accept the same and shall assume Transferor's obligation to apply them to the rent due from, or to return them to, as applicable, the applicable resident/prospective resident. New Operator shall indemnify, defend and hold harmless Transferor for any claims or liabilities arising out of New Operator's assumption and application of the Rents and Fees (including any costs, losses, expenses and reasonable attorneys fees). Notwithstanding the foregoing, nothing herein shall be construed as releasing Transferor from liability in the event the amount of the Rents and Fees remitted by Transferor to New Operator is less than the amount of the Rents and Fees delivered to Transferor by the residents/prospective residents of the Facility, as to which liability (including any costs, losses and expenses, including, but not limited to, reasonable attorneys fees incurred by New Operator) Transferor shall indemnify, defend and hold harmless New Operator. Transferor shall execute and deliver to New Operator on the Effective Date an Assignment Agreement in the form attached hereto as Exhibit C confirming the conveyance of the Rents and Fees as provided herein. For purposes hereof, the unearned portion of any entrance/community fees shall mean the portion of such fees which Transferor could be required to return to the applicable resident during any period from and after the Effective Date.
4.3. Within thirty (30) days after the Effective Date, Transferor shall return to the residents of the Facility any and all security deposits being held by Transferor (the "SECURITY...
RESIDENT PROPERTY. The University reserves the right to restrict the use of my furniture or other items if such use necessitates the removal of any of the University’s property from the unit or if such furniture or other items are a health or safety hazard or interferes with the provision of services to other residents of the building. Where my personal property is left on the premises after I vacate upon expiration or termination of the contract, the University shall have the right, at its sole option and without further notice, to immediately remove personal property from the previously assigned space before providing resources for packing, storage, and/or shipping services. If I do not respond within 3 business days, the property will be considered abandoned and will be discarded and/or donated. Charges for labor & storage will be added to my student account. Washers, dryers, dishwashers, ceiling fans, window air conditioners, space heaters, large appliances, treadmills, either electrically or battery- operated or any other items that are considered by the University to be a safety or health hazard, are not permitted. The complete list of items not permitted for safety reasons can be found at xxxx://xxx.xxxxxxxxxxxx.xxx/living/about-us/policies/policies-and- procedures/index.html.
RESIDENT PROPERTY. The University reserves the right to restrict the use of my furniture or other items if such use necessitates the removal of any of the University’s property from the unit or if such furniture or other items are a health or safety hazard or interferes with the provision of services to other residents of the building. Where my personal property is left on the premises for more than 7 days after I vacate upon expiration or termination of the contract, the University shall have the right, at its sole option and without further notice, to either (a) dispose of such property, or
RESIDENT PROPERTY. Transferor hereby represents to New Operator that there are no resident trust funds.
RESIDENT PROPERTY. (a) On or immediately prior to the Closing Date, representatives of Buyer and Seller shall take an inventory of all resident property checked or left in the care of Seller at the Facilities. From and after the Closing Date, Buyer shall be responsible for all resident property listed in said inventory and verified by Buyer at Closing, and Buyer hereby agrees to indemnify and to hold Seller harmless from any liability therefor.
(b) The provisions of this Section 8.08 shall survive the Closing.
RESIDENT PROPERTY. 56 8.09 Permits; Licenses........................................... 56 -iv-
RESIDENT PROPERTY. 4.1. Within fifteen (15) days after the Effective Date, Transferor shall prepare and deliver to New Operators or Landlords' designee a true, correct, and complete accounting and inventory (properly reconciled) of any resident trust funds, security deposits, entrance deposits and residents' property, if any, held by Transferors as of the Termination Date in trust for residents at the Facilities (collectively the "Resident Property").
4.2. Within fifteen (15) days after the Effective Date, Transferors hereby agree to transfer to New Operators or Landlords' designee the Resident Property and New Operators and Landlords hereby agree that they or Landlords' designee will accept such Resident Property in trust for the residents/responsible parties and be accountable to the residents/responsible parties for such Resident Property in accordance with the terms of this Agreement and applicable statutory and regulatory requirements.
4.3. New Operators or Landlords' designee shall have no responsibility to the applicable resident/responsible party and regulatory authorities in the event the Resident Property delivered by Transferors to New Operators or Landlords' designee pursuant to Section 4.2 are demonstrated to be less than the full amount of the Resident Property for such resident as of the Effective Date, for inaccuracies in the accounting and inventory provided by Transferors, or for claims which arise from actions or omissions of Transferors with respect to the Resident Property on or before the Effective Date.
4.4. Transferors shall have no responsibility to the applicable resident/responsible party and regulatory authorities arising after the delivery of the Resident Property to New Operators or Landlords' designee pursuant to Section 4.2.
RESIDENT PROPERTY. The University assumes no responsibility for the theft destruction or loss of money, valuables or other personal property belonging to or in the custody of the Resident, regardless of cause. This includes losses occurring in the Resident’s room, storage area, public areas, and other areas of Bear Creek Apartments. Residents are encouraged to carry their own renter’s insurance. At the end of the contract or after the resident has moved out, any and all items that are not removed will be deemed abandoned and will be removed and disposed of at the University’s discretion. A charge will be placed on the Resident’s account for removal of items. The University is not responsible for lost or damaged items that have to be removed from the apartment.