Everly On The Loop

There is no early termination clause, cancellation or buyout option in this Lease Agreement. No exception can be made for financial hardship, academic changes, family matters, medical issues, roommate conflict or any other reason. You will not be released from your obligations under this Lease until a replacement resident (a “Relet Candidate” or collectively a “Relet”) has completed all necessary paperwork, met all of our criteria (including, but not limited to, credit requirements of proposed applicant and their guarantor, criminal background check, rental history, etc.), paid the first rental installment as well as all applicable fees in full including, but not limited to a $300 non-refundable Reletting Fee to cover administrative fees, has been approved by us in our sole discretion, and the Relet Candidate has taken legal possession of the Premises (a “Completed Relet”). Your account must be in good standing (no outstanding balances), and payment of the reletting charge must be received before a Relet Candidate will be accepted. Additionally, you must complete a Relet and Release Acknowledgement in the form provided by us, and you must abide by all provisions contained in that form. You will be liable for procuring a replacement resident without our assistance, and you understand that if you do not secure a replacement, you will be responsible for payment for the entire Term of this Lease. We will use our commercially reasonable efforts to contract with other individuals for the use of any and all available bedroom and/or rental spaces at the Apartment Community; if and when all such available spaces at the Property are fully assigned and occupied and no bedroom spaces remain vacant, to the extent possible and at our sole discretion, we will provide and/or utilize any potential prospects or Relet Candidates for consideration as a replacement resident. You understand that due to the nature of student housing and/or rental market conditions, successful mitigation is highly unlikely. The reletting charge is not a cancellation or buyout fee and does not release you from your obligations under lease, including your obligation to pay Rent. We are not responsible for finding you a new resident to release you from this Lease Agreement. Nothing is this paragraph or Lease shall obligate us to release you from your obligations under this Lease. In the event that you share the Apartment with Roommates, should you or your Roommates decide to relet their lease, you agree to accept a roommate obtained through the relet process. Roommates’ approval(s) is/are not necessary to execute the relet of the Premises.