Common use of SELLING CONTRACTS Clause in Contracts

SELLING CONTRACTS. If the need arises for the tenant to sell their contract before the contract ends, tenant must fill out an “Intent to Sell” form at the management office, (which gives management permission to assist the tenant in selling tenant’s contract) and have the “Intent to Sell” form signed by management. Tenant understands and agrees that it is not management’s sole responsibility to sell tenant’s contract; however, management will assist when possible. Tenant further understands and agrees that he/she/they are financially responsible to pay for this contract and all costs connected with it (this would include tenant’s portion of the utilities, i.e. gas, elect. and basic phone service if applicable) until contract is sold. These charges are due in the rental office by the 5th day of each month (as stated in the original rental contract) or late fees will apply. Tenant understands that each prospective renter must complete the application process and fulfill all necessary requirements as set forth by the management which are as follows: (1). Fully complete the rental application making sure to list on the application the name of the tenant whose contract prospective renter wishes to buy. (2). Prospective renter must then return the rental application to management for approval. Tenant agrees that the final decision as to who will buy the tenant’s contract will solely be that of the management, which approval shall not be unreasonably withheld. Tenant will be responsible for any reasonable advertising costs to sell contract and these costs will be deducted from the tenant’s deposit. If the contract is sold, (either by management or tenant) management will deduct a $50.00 processing fee.

SELLING CONTRACTS. If the need arises for the tenant to sell their contract before the contract ends, tenant must fill out an “Intent to Sell” form at the management office, (which gives management permission to assist the tenant in selling tenant’s contract) and have the “Intent to Sell” form signed by management. Tenant Xxxxxx understands and agrees that it is not management’s sole responsibility to sell tenant’s contract; however, management will assist when possible. Tenant Xxxxxx further understands and agrees that he/she/they are financially responsible to pay for this contract and all costs connected with it (this would include tenant’s portion of the utilities, i.e. gas, elect. and basic phone service if applicable) until contract is sold. These charges are due in the rental office by the 5th day of each month (as stated in the original rental contract) or late fees will apply. Tenant understands that each prospective renter must complete the application process and fulfill all necessary requirements as set forth by the management which are as follows: (1). Fully complete the rental application making sure to list on the application the name of the tenant whose contract prospective renter wishes to buy. (2). Prospective renter must then return the rental application to management for approval. Tenant Xxxxxx agrees that the final decision as to who will buy the tenant’s contract will solely be that of the management, which approval shall not be unreasonably withheld. Tenant will be responsible for any reasonable advertising costs to sell contract and these costs will be deducted from the tenant’s deposit. If the contract is sold, (either by management or tenant) management will deduct a $50.00 processing fee.