Tenant will be released from his/her lease obligations under the following circumstances:
The termination will be applicable only if the Tenant is terminated from his/her job with his/her current employer (voluntary resignation does not qualify). The terminated Tenant must be eligible to collect NY State Unemployment Insurance Benefits and provide proof of such within 10 days of notification to Landlord. The terminated Tenant must also be the primary wage earner and the loss of income would cause the Tenant to no longer qualify for our income requirements to rent the apartment. Written verification of employment loss and verification of eligibility from the NY State Dept. of Labor must be sent to the site office by the Tenant and must be received within 10 days of receipt of this agreement for notice to be valid. This notice is in addition to and in no way eliminates the required 60 days written notice from the Tenant.
2) Tenant must provide 60 day written notice, said notice becoming effective on the first day of the month following the date of notification. Any notice, when mailed, will be considered delivered on the date of the postmark from the U.S. Postal Service. If emailed or faxed, we will go by date received substantiated by a confirmation receipt. If not mailed, any notice will be considered delivered when delivered to the proper address during business hours and acknowledged in writing as received. Notice may not be given during the first 5 full months of Occupancy.
At the time of notice, the charge for an early lease termination due to a job loss is payment to the Landlord of money equivalent to one month’s rent, as liquidated damages (Early Lease Termination). Payment must accompany the 60-day written notice as discussed above for the written notice to be valid. Monthly rent payments, excluding any adjustments for concessions, must be made when due for a minimum of two full months after notice is received. Non payment and/or late payment will result in the revocation of right to vacate and Tenant must fulfill the original terms of the Lease. If resident vacates before the 60-day period, resident remains responsible for all utilities and rent until the 60-day period expires, whether the apartment is re-rented or not. To avoid being charged a $50 monthly administrative fee for every utility turned off before your responsibility end date, please leave the utilities on in your name until that time. Any monies paid for the 60-day period, whether or not resident vacates, is to be considered liquidated damages and not rent, even if the unit is re-leased. ____Initial
There will be an additional charge for any damages other than reasonable wear and tear as per your Lease Agreement. If occupancy in your apartment is for eight full months or less, Tenant is responsible for all costs of painting, shampooing, and redecorating the apartment. ____Initial
If any concession specials were given at lease conception or renewal, and all the terms of such lease were not fulfilled, the total concession must be repaid at the time of lease termination notice for notice to be valid. All future concessions will become null and void.
No notice of termination will be considered by management unless the Tenant is current in all payments due under his lease, including rent, late charges, utility charges, or any other charges.
Final month of residency cannot end during the months of November, December, January, or February, and must end on the last day of the month.
Thirty (30) days after notice is received by Landlord, Tenant must provide verification from the NY State Dept. of Labor that Tenant has collected unemployment insurance benefits for a minimum of 14 days before Agreement is valid. If Tenant finds alternate employment within the first 30 days and within 50 miles of the job that was recently terminated, the Agreement is no longer valid and the Lease Termination Fee will be returned to the Tenant. ____Initial
Community Manager Approval
Attachments: • Lease Termination Fee, Concessions Due, & Balance Due on Account (if applicable) • Letter from employer-Verified By: __________With whom: _________ Date:__________________ • Verification from NY State Dept of Labor _____ first notice) 2nd Verification_______(after 30 days) • Vacating Notice
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