Voluntary Departure of One Resident Sample Clauses

Voluntary Departure of One Resident. If, after establishing residency, a couple desires to live separate, the Residents may remain, depending upon availability, as Residents in separate apartments. The Entrance Fee paid by the couple shall be apportioned equally between the two separated Residents and each shall be responsible for the difference in the Entrance Fee for each respective apartment. Each Resident will at that time be responsible for the Monthly Fee then applicable for single occupancy of each chosen apartment. If one party desires to terminate this Agreement and move out of the Community, the remaining party will retain full rights and obligations under this Agreement as if he or she executed it as a single Resident, except that the Monthly Fee to be paid by the remaining Resident will be at the then applicable rate for a single resident in the Apartment. The Entrance Fee paid by the couple will be apportioned equally, and refunds, if any, will be paid in accordance with the applicable provisions of the Payment Option chosen by the couple.
Sample 1
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