Common use of SALE OF UNIT Clause in Contracts

SALE OF UNIT. Tenant acknowledges and agrees that the Unit may be sold to a third party without notice to Tenant and without consent of Tenant and that any such sale shall not be an event of default hereunder. In the event Landlord sells the Unit and the new owner assumes this Lease, Tenant and Guarantor shall continue to perform hereunder and shall pay rent and other amounts due hereunder to the new owner of the Unit at the address provided to Tenant by Landlord and such new owner. In the event Landlord sells the Unit and the new owner does not assume this Lease, the Landlord hereby reserves the right, upon fifteen (15) days advance written notice, to (i) relocate Tenant to another comparable apartment unit at the Apartments whereby Landlord shall assist Tenant in moving Tenant’s personal property to such new apartment unit and Tenant and Guarantor shall continue to perform hereunder, or (ii) if another comparable apartment unit at the Apartments is not available at such time, terminate this Lease whereupon Tenant shall vacate the Unit or the Landlord will be entitled to exercise the rights and remedies available to it under South Carolina law and in accordance with Section 13 of this Lease. In either such case, such relocation or termination shall not be an event of default hereunder. Tenant’s initials:

SALE OF UNIT. Tenant acknowledges and agrees that the Unit may be sold to a third party without notice to Tenant and without consent of Tenant and that any such sale shall not be an event of default hereunder. In the event Landlord sells the Unit and the new owner assumes this Lease, Tenant Xxxxxx and Guarantor shall continue to perform hereunder and shall pay rent and other amounts due hereunder to the new owner of the Unit at the address provided to Tenant by Landlord and such new owner. In the event Landlord sells the Unit and the new owner does not assume this Lease, the Landlord hereby reserves the right, upon fifteen (15) days advance written notice, to (i) relocate Tenant to another comparable apartment unit at the Apartments whereby Landlord shall assist Tenant in moving Tenant’s personal property to such new apartment unit and Tenant and Guarantor shall continue to perform hereunder, or (ii) if another comparable apartment unit at the Apartments is not available at such time, terminate this Lease whereupon Tenant shall vacate the Unit or the Landlord will be entitled to exercise the rights and remedies available to it under South Carolina law and in accordance with Section 13 of this Lease. In either such case, such relocation or termination shall not be an event of default hereunder. Tenant’s initials:

SALE OF UNIT. Tenant acknowledges and agrees that the Unit may be sold to a third party without notice to Tenant and without consent of Tenant and that any such sale shall not be an event of default hereunder. In the event Landlord sells the Unit and the new owner assumes this Lease, Tenant Xxxxxx and Guarantor shall continue to perform hereunder and shall pay rent and other amounts due hereunder to the new owner of the Unit at the address provided to Tenant by Landlord and such new owner. In the event Landlord sells the Unit and the new owner does not assume this Lease, the Landlord hereby reserves the right, upon fifteen (15) days advance written notice, to (i) relocate Tenant to another comparable apartment unit uni t at the Apartments whereby Landlord shall assist Tenant in moving Tenant’s personal property to such new apartment unit and Tenant and Guarantor shall continue to perform hereunder, or (ii) if another comparable apartment unit at the Apartments is not available at such time, terminate this Lease whereupon Tenant shall vacate the Unit or the Landlord will be entitled to exercise the rights and remedies available to it under South Carolina law and in accordance with Section 13 of this Lease. In either such case, such relocation or termination shall not be an event of default hereunder. Tenant’s initials:: _ _