Remaining Tenants definition
Examples of Remaining Tenants in a sentence
Remaining Tenants shall also be fully responsible to maintain the terms and conditions of this lease.
In the event that there is more than one Tenant and upon the death of one of them, the tenancy shall be deemed to be amended to include the Remaining Tenant(s) as Tenant(s), along with the Estate of the deceased Tenant for a period of thirty (30) days after the death of the Tenant, after which the tenancy of the Estate only shall be terminated and the tenancy agreement and any renewal thereof shall be deemed to be amended in the name of the surviving Tenant(s) only.
Remaining Tenants may identify a prospective replacement Tenant, provided however, new prospective Tenants must submit an application to Residential Life & Housing, be approved, and sign the Lease before they may occupy the Premises and before the Full Base Rent is reallocated.
In the event that there is more than one Tenant and upon the death of one of them, the tenancy shall be deemed to be amended to include the Remaining Tenant(s) as Tenant(s), along with the Estate of the deceased Tenant for a period of thirty (30) days after the death of the Tenant, after which the tenancy of the Estate only shall be terminated and the Tenancy Agreement and any renewal thereof shall be deemed to be amended in the name of the surviving Tenant(s) only.
Remaining Tenants may identify a prospective replacement Tenant, provided however, new prospective Tenants must submit a lease to Residential Life & Housing, be approved by the Director of Residential Life and Housing and have the complete security deposit, non-refundable professional cleaning fee, and first month rent PAID IN FULL before the Full Base Rent is reallocated.
Remaining Tenants are responsible for assessing any damages and deducting appropriate amounts from the deposit before returning any portion.
The security deposit will remain with the Lessor as originally held under the Original Lease Agreement, and the Remaining Tenants will negotiate internally with the Outgoing Tenant regarding the return of the Outgoing Tenant’s share of the deposit.
In the event that there is more than one Tenant, and upon the death of one of them, this Tenancy shall be deemed to be automatically amended to include the Remaining Tenant(s) as Tenant(s), along with the Estate of the deceased Tenant for a period of thirty (30) calendar days after the death of the respective Tenant, after which period the tenancy of the Estate only shall be terminated and this Lease and any renewal thereof shall be deemed to be amended in the name of the surviving Tenant(s) only.
The Seller will provide the Purchaser ultimately on or before 10 March 2015 with a first draft of such required agreement(s) with respect to Remaining Tenants.
The Remaining Tenants who are not parties to this agreement are intended third party beneficiaries of paragraph 1 of this agreement, and shall have the right to enforce paragraph 1, but not paragraphs 2, 3, or 4.