Common use of TRANSFER OF LEASE Clause in Contracts

TRANSFER OF LEASE. While you cannot lease any part of your Premises to another person, you may be able to transfer your rights under this Lease to another person if we give our written consent, but the giving of our consent is at our sole discretion. We are not responsible for finding a person to whom you can transfer this Lease, nor are we obligated to assist you in finding a potential replacement or to fill your bedspace before filling other bedspaces at the Property. Even if we agree to the transfer, you will still be responsible for all of the obligations under this Lease unless we specifically agree, in writing, to release you. A re-letting fee, as provided in the Addendum, must be paid to us by you, and the new resident must take possession of your bedspace before the transfer will be considered complete. Our consent to one or more transfers will not be a waiver of our rights of consent to any future transfer.