Sample Residential Lease Agreement Template Page 10
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18Lease, or any time following Management’s receipt of Resident’s intent to vacate
the Property. Management may from time to time enter the Property at reasonable
hours to exhibit same to prospective purchasers, existing or prospective
mortgagees, or prospective Residents and to make repairs required of
Management under the terms hereof, or to make repairs to adjoining premises, if
any.
26. EFFECT OF TERMINATING LEASE
No termination of this Lease prior to the normal ending thereof, by lapse of
time or otherwise, shall affect Management's right to collect Base Rental, Additional
Rental and any other charges due Management by Resident.
Resident’s termination of this Lease shall not affect Resident’s obligation to
pay the Total Rental due hereunder, unless said termination is allowed under
Section 22.
27. CURRENT AND CONTINUING SUBORDINATION OF LEASE
Resident agrees that at the option of Management, this Lease is and shall
continue to remain junior and subordinate to other obligations secured by the
Property, regardless of whether said obligation is of record, and regardless of
whether said obligation exists as of the Effective Date or is created in the future at
any time. Resident waives and relinquishes any and all rights in and to the Property
and all claims against Management and/or Owner on the basis of the superiority of
this Lease to any other obligation.
The parties stipulate that default, delinquency or breach of any obligation
secured by the Property shall not constitute waiver of Resident’s responsibilities to
pay the Total Rental. The parties further stipulate that default, delinquency or breach
of any obligation secured by the Property shall not entitle Resident to a refund of any
Rent already paid.
28. NO ESTATE IN LAND
This Lease shall create the relationship of Landlord and Tenant between the
parties hereto; no estate shall pass out of Owner or Management. Resident has
only a usufruct, not subject to levy and sale, and not assignable by Resident except
by Management’s prior written consent.
29. ATTORNEY’S FEES
29.1 If any Rent owing under this Lease is collected by or through an
attorney at law, or if Management employs an attorney at law to enforce any of the
other terms or conditions of this Lease, Resident agrees to pay or reimburse
Management for all costs and expenses actually incurred by Management, including
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