Common use of Transfer of Property Clause in Contracts

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Agreement is to end 180 days or less after the grantee's interest in the Property is recorded. If Tenant's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement unless the grantee agrees in writing to honor this agreement. If the grantee does not honor this agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, all advance rent paid by Tenant, less deductible fees permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Agreement is to end 180 days or less after the grantee's interest in the Property is recorded. If Tenant's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement unless the grantee agrees in writing to honor this agreement. If the grantee does not honor this agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignmentagreement, death, appointment of a receiver, or otherwise, the Owner, Owner's Agent, or any other agent of Owner real estate Agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, agreement all advance rent paid by Tenant, less deductible Tenant (and other fees permitted by NCGS 42A-16. owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if TenantXxxxxx's occupancy under this Agreement is to end 180 days or less after the grantee's interest in the Property is recorded. If TenantXxxxxx's occupancy is to end more than 180 days after such recordation, Tenant Xxxxxx has no right to enforce the terms of this agreement unless the grantee agrees in writing to honor this agreement. If the grantee does not honor this agreement, Tenant Xxxxxx is entitled to a refund of all advance rent paid by Tenant Xxxxxx (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant Xxxxxx has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by TenantXxxxxx. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner is required to transfer all advance rent paid by Tenant Xxxxxx (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, days and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-successor- in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if TenantXxxxxx's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, all advance rent paid by TenantXxxxxx, less deductible fees permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Agreement is to end 180 days or less after the grantee's interest in the Property is recorded. If Tenant's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement unless the grantee agrees in writing to honor this agreement. If the grantee does not honor this agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, days and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, all advance rent paid by Tenant, less deductible fees permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner owner voluntarily transfers the Propertyproperty, Tenant has the right to enforce the this Agreement against the grantee of the Property property if Tenant's ’s occupancy under this Agreement is to end 180 days or less after the grantee's ’s interest in the Property property is recorded. If Tenant's ’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement Agreement unless the grantee agrees in writing to honor this agreementAgreement. If the grantee does not honor this agreementAgreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 10 days after transfer of the Property, unless Agent is to continue as grantee's agentproperty, the grantee or the grantee's new ’s agent is required to: (i) notify Tenant in writing of the transfer of the PropertyPremises, the grantee's ’s name and address, and the date the grantee's ’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property Premises subject to the terms of this agreement Agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's owner’s interest in the PropertyPremises, whether by sale, assignment, death, appointment of a receiver, receiver or otherwise, the Ownerowner, Agent, or any other owner’s agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's ’s name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's ’s occupancy under this agreement Agreement is to end more than 180 days after recordation of the interest of the Owner's owner’s successor-in-interest in the Propertyproperty, and the successor-in-interest has not agreed to honor this agreementAgreement, all advance rent paid by Tenant, less deductible Tenant (and other fees permitted by NCGS 42A-16. owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Agreement is to end 180 days or less after the grantee's interest in the Property is recorded. If Tenant's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement unless the grantee agrees in writing to honor this agreement. If the grantee does not honor this agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, all advance rent paid by Tenant, less deductible fees permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Propertyproperty, Tenant Xxxxxx has the right to enforce the this Agreement against the grantee of the Property property if Tenant's Xxxxxx’s occupancy under this Agreement is to end 180 days or less after the grantee's ’s interest in the Property property is recorded. If Tenant's Xxxxxx’s occupancy is to end more than 180 days after such recordation, Tenant Xxxxxx has no right to enforce the terms of this agreement Agreement unless the grantee agrees in writing to honor this agreementAgreement. If the grantee does not honor this agreementAgreement, Tenant Xxxxxx is entitled to a refund of all advance rent paid by Tenant Xxxxxx (and other fees owed to third parties not already lawfully disbursed). Within 20 10 days after transfer of the Property, unless Agent is to continue as grantee's agentproperty, the grantee or the grantee's new agent ’s Xxxxxxxx Beach is required to: (i) notify Tenant in writing of the transfer of the PropertyPremises, the grantee's ’s name and address, and the date the grantee's ’s interest was recorded; and (ii) advise Tenant whether Tenant Xxxxxx has the right to occupy the Property Premises subject to the terms of this agreement Agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's ’s interest in the PropertyPremises, whether by sale, assignment, death, appointment of a receiver, receiver or otherwise, the Owner or the Owner, Agent, or any other agent of Owner ’s Xxxxxxxx Beach is required to transfer all advance rent paid by Tenant Xxxxxx (and other fees owed to third parties not already lawfully disbursed) to the Owner's ’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's ’s name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's Xxxxxx’s occupancy under this agreement Agreement is to end more than 180 days after recordation of the interest of the Owner's ’s successor-in-interest in the Propertyproperty, and the successor-in-interest has not agreed to honor this agreementAgreement, all advance rent paid by Tenant, less deductible Xxxxxx (and other fees permitted by NCGS 42A-16. owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner voluntarily transfers the Propertyproperty, Tenant has the right to enforce the this Agreement against the grantee of the Property property if Tenant's ’s occupancy under this Agreement is to end 180 days or less after the grantee's ’s interest in the Property property is recorded. If Tenant's ’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement Agreement unless the grantee agrees in writing to honor this agreementAgreement. If the grantee does not honor this agreementAgreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 10 days after transfer of the Property, unless Agent is to continue as grantee's agentproperty, the grantee or the grantee's new agent ’s Xxxxxxxx Beach is required to: (i) notify Tenant in writing of the transfer of the PropertyPremises, the grantee's ’s name and address, and the date the grantee's ’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property Premises subject to the terms of this agreement Agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's ’s interest in the PropertyPremises, whether by sale, assignment, death, appointment of a receiver, receiver or otherwise, the Owner or the Owner, Agent, or any other agent of Owner ’s Xxxxxxxx Beach is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's ’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's ’s name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant's ’s occupancy under this agreement Agreement is to end more than 180 days after recordation of the interest of the Owner's ’s successor-in-interest in the Propertyproperty, and the successor-in-interest has not agreed to honor this agreementAgreement, all advance rent paid by Tenant, less deductible Tenant (and other fees permitted by NCGS 42A-16. owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Transfer of Property. (a) If the Owner owner voluntarily transfers the Property, Tenant has the right to enforce the this Agreement against the grantee new owner of the Property if Tenant's ’s occupancy under this Agreement is to end 180 days or less after the grantee's new owner’s interest in the Property is recorded. Within 10 days after transfer of the Property, the new owner or the new owner’s agent is required to (1) notify Tenant in writing of the transfer of the Property, the new owner’s name and address, and the date the new owner’s interest was recorded; and (2) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant. Owner’s Agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the new owner within 30 days. If Tenant's ’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this agreement Agreement unless the grantee new owner agrees in writing to honor this the agreement. If the grantee new owner does not honor this agreementAgreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of .) If the Property, unless Agent owner’s interest in the Property is involuntarily transferred prior to continue as grantee's agent, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer Tenant’s occupancy of the Property, the grantee's name and address, and the date the grantee's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenant. (b) Upon termination of the Owner's interest in the Property, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner owner is required to transfer refund to Tenant all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to 60 days after the transfer. HoweverREAL ESTATE AGENCY: GREAT SMOKYS CABIN RENTALS, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this agreement, all advance rent paid by Tenant, less deductible fees permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.LLC

Transfer of Property. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Vacation Rental Agreement is to end not later than 180 days or less after the grantee's interest in voluntary transfer of the Property is recordedproperty by Landlord to a Grantee, the Grantee takes title to the property subject to the terms of the Vacation Rental Agreement. If Tenant's occupancy the Vacation Rental is to end more than 180 days after such recordationthe recording of the Grantee's interest, the Tenant has shall have no right to enforce the terms of this agreement unless the grantee Grantee agrees in writing to honor this agreementsuch term. If the grantee does not honor this agreementIn such event, Tenant is shall be entitled to a refund of all advance rent paid by Tenant (any payments made. Prior to entering a sales contract, Agent/Owner shall disclose to the purchaser, the time periods that the property is subject to a Vacation Rental Agreement, and other fees owed within 10 days after transfer of a vacation rental property, shall disclose to third parties not already lawfully disbursed)the Grantee, the Tenant’s name, address and copy of the Vacation Rental Agreement. Within Upon transfer of the property to the Grantee, the Grantee has until 20 days after transfer of the Property, unless Agent is property to continue as grantee's agentnotify the Tenant of the transfer, the grantee or the grantee's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the granteeGrantee's name and address, address and the date the granteeGrantee's interest was recorded; Grantee shall advise the Tenant whether the Tenant has the right to occupy the property subject to the terms of the Vacation Rental Agreement and (ii) the provisions of the Vacation Rental Act; and advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this agreement or receive a refund of any payments made by Tenantmade. (b) Upon Within 30 days from the termination of the OwnerLandlord's interest in the Propertyproperty subject to the Rental Agreement, whether by sale, assignment, death, appointment of a receiver, or otherwise, the Owner, Agent, or any other agent of Owner is required to transfer all advance advanced rent paid by the Tenant (and other fees owed to third parties not already lawfully disbursed) shall be transferred to the OwnerLandlord's successor-in-successor in interest within 30 days, and notify the Tenant shall be notified by mail of such transfer including the name and address of the transferee's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by In the real estate broker prior to event that the transfer. However, if Tenant's occupancy under this agreement is to Vacation Rental Agreement shall end more than 180 days after recordation the recording of the interest of the OwnerLandlord's successor-in-successor in interest, unless the Landlord's successor in interest has agreed in writing to honor the PropertyVacation Rental Agreement, Landlord shall, within 30 days transfer all advanced rent paid by the Tenant, and the successor-in-interest has not agreed portion of any fees remaining after any lawful deductions, to honor this agreementthe Tenant. Funds held as security deposit shall be disbursed as provided in N.C.G.S. 42A-18. In the event of an involuntary transfer of Landlord's interest, all advance rent paid by Landlord shall refund to Tenant, less deductible fees permitted within 60 days after such transfer, any payments made by NCGS 42A-16. must be transferred to Tenant within 30 daysthe Tenant.