Common use of TERM AND DESCRIPTION Clause in Contracts

TERM AND DESCRIPTION. Agent hereby leases to Resident, and Resident hereby leases from Agent, the Premises in the «CommunityName» apartment community known as «Address», «AptNumber», «CityZip», County of «County», State of South Carolina (“Premises”) subject to the terms and provisions hereof, for the term beginning on «StartMonth» «StartDay», «StartYear» (the “Commencement Date”), and ending at close of business on «EndMonth» «EndDay», «EndYear» (the “Expiration Date”). Except for any month-to-month periods, any renewals or extensions of the Lease or term for an additional specified term or renewal must be in writing and signed by both Resident and Agent.

Appears in 3 contracts

Samples: Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.), Management Agreement (KBS Legacy Partners Apartment REIT, Inc.), Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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TERM AND DESCRIPTION. Agent hereby leases to Resident, and Resident hereby leases from Agent, the Premises in the «CommunityName» apartment community known as «Address», «AptNumber», «CityZip», County of «County», State of South North Carolina (“Premises”) subject to the terms and provisions hereof, for the term beginning on «StartMonth» «StartDay», «StartYear» (the “Commencement Date”), and ending at close of business on «EndMonth» «EndDay», «EndYear» (the “Expiration Date”). Except for any month-to-month periods, any renewals or extensions of the Lease or term for an additional specified term or renewal must be in writing and signed by both Resident and Agent.

Appears in 1 contract

Samples: Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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