Common use of TENANT TERMINATION FEE Clause in Contracts

TENANT TERMINATION FEE. The Tenant and the University acknowledge that, if the Tenant terminates this Agreement or vacates or abandons the Unit (i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (ii) the termination fee bears a reasonable relationship to the losses likely to be incurred. Except when prohibited under ORS 90.302(e) and 90.453(2), 90.472, or 90.475, if Tenant terminates this Agreement or vacates, or abandons the Unit after the start of their tenancy on July 1 and remains enrolled in classes at the University, Xxxxxx agrees to pay a termination fee equal to one and one-half months’ rent in addition to remaining rent and charges described in section 9.1.3. Tenants who are no longer enrolled in classes upon termination of this Agreement are not subject to this termination fee.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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TENANT TERMINATION FEE. The Tenant Student and the University acknowledge that, if the Tenant terminates this Agreement or vacates or abandons the Unit (i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (ii) the termination fee bears a reasonable relationship to the losses likely to be incurred. Except when prohibited under ORS 90.302(e) and 90.453(2), 90.472, or 90.475, if Tenant terminates this Agreement or vacates, or abandons the Unit after the start of their tenancy on July 1 and remains enrolled in classes at the University, Xxxxxx Tenant agrees to pay a termination fee equal to one and one-half months’ rent in addition to remaining rent and charges described in section 9.1.3. Tenants Students who are no longer enrolled in classes upon termination of this Agreement are not subject to this termination fee.

Appears in 1 contract

Samples: Family Housing and University Apartments

TENANT TERMINATION FEE. The Tenant Student and the University acknowledge that, if the Tenant terminates this Agreement or vacates or abandons the Unit (i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (ii) the termination fee bears a reasonable relationship to the losses likely to be incurred. Except when prohibited under ORS 90.302(e) and 90.453(2), 90.472, or 90.475, if Tenant terminates this Agreement or vacates, or abandons the Unit after the start of their tenancy on July 1 and remains enrolled in classes at the University, Xxxxxx agrees to pay a termination fee equal to one and one-half months’ rent in addition to remaining rent and charges described in section 9.1.36.1.3. Tenants Students who are no longer enrolled in classes upon termination of this Agreement are not subject to this termination fee.

Appears in 1 contract

Samples: Family Housing and University Apartments

TENANT TERMINATION FEE. The Tenant and the University acknowledge that, if the Tenant terminates this Agreement or vacates or abandons the Unit (i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (ii) the termination fee bears a reasonable relationship to the losses likely to be incurred. Except when prohibited under ORS 90.302(e) and 90.453(2), 90.472, or 90.475, if Tenant terminates this Agreement or vacates, or abandons the Unit after the start of their tenancy on July 1 and remains enrolled in classes at the University, Xxxxxx agrees to pay a termination fee equal to one and one-half months’ rent in addition to remaining rent and charges described in section 9.1.3. Tenants who are no longer enrolled in classes upon termination of this Agreement are not subject to this termination fee.half

Appears in 1 contract

Samples: Lease Agreement

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TENANT TERMINATION FEE. The Tenant and the University acknowledge that, if the Tenant terminates this Agreement or vacates or abandons the Unit (i) the amount of the University’s losses or damages likely to be incurred is incapable or is difficult to precisely estimate, and (ii) the termination fee bears a reasonable relationship to the losses likely to be incurred. Except when prohibited under ORS 90.302(e) and 90.453(2), 90.472, or 90.475, if Tenant terminates this Agreement or vacates, or abandons the Unit after the start of their tenancy on July 1 and remains enrolled in classes at the University, Xxxxxx Tenant agrees to pay a termination fee equal to one and one-half months’ rent in addition to remaining rent and charges described in section 9.1.3. Tenants who are no longer enrolled in classes upon termination of this Agreement are not subject to this termination fee.

Appears in 1 contract

Samples: Family Housing and University Apartments

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