Common use of Termination Subsequent to Date of Occupancy for Non-Qualifying Event Clause in Contracts

Termination Subsequent to Date of Occupancy for Non-Qualifying Event. If Resident is approved to terminate the Lease after the Date of Occupancy for a reason other than a Qualifying Event or Graduation (See Section 25b), or if Resident fails to take occupancy of the Unit assigned to them following the Date of Occupancy, Resident shall forfeit their application fee, their account will be charged a penalty equal to two (2) month’s rent, as well as any charges accrued through the date of official proper check-out (as determined by Residence Life).