Common use of Additional Damages Clause in Contracts

Additional Damages. If for any reason you fail to fulfill all of your obligations under the You have either received a copy of any rules, regulations, covenants, conditions and restrictions, homeowner's association rules, ordinances, and laws ("Rules and Law") concerning the Premises, or have made an independent investigation of the applicability of any such Rules and Law to your use of the Premises. If the homeowners' association, state, county, municipal or other governmental bodies adopt new ordinances, rules or other legal provisions affecting this lease Lease Contract, we may make immediate amendments to bring this Lease Contract into compliance with the law. In such event, we agree to give you notice that this Lease Contract has been amended and shall provide a brief description of the amendment and the effective date. Owner/Agent and Resident agree to comply with the applicable Rules and Law concerning the Premises. You agree to supervise other occupants, family, guests, invitees, or other persons under your control to ensure their compliance with the Rules and Law and shall be responsible for any actions of the foregoing who violate this Lease Contract or the applicable Rules and Law. You shall immediately notify us upon receipt of any notice of violation and shall pay any fines or penalties assessed by any governing body as a result of your noncompliance with Rules and Law, as additional rent.

Appears in 1 contract

Sources: Lease Agreement

Additional Damages. If for any reason you fail to fulfill all of your obligations under the You Lease Contract, or if for any reason the lease agreement terminates due to a breach by you, you shall pay Owner/Agent a $1,000.00 plus tax marketing cost/re-letting/administration fee, along with any other charges for rent and/or damages for which you are responsible under the terms of this Lease Contract, notwithstanding any other rights that Owner/Agent may have either under this Lease Contract. Furthermore, if you have received a copy any concessions of rent for any rulesreason, regulationsand for any reason you fail to fulfill all the obligations of this Contract, covenantsthen all concessions shall immediately become due and owing as additional rent and must be repaid immediately to Owner/Agent. By initialing below, conditions you acknowledge and restrictions, homeowner's association rules, agree to the terms in Section 1. X Initial Here ordinances, and laws ("Rules and Law") concerning the Premises, or have made an independent investigation of the applicability of any such Rules and Law to your use of the Premises. If the homeowners' association, state, county, municipal or other governmental bodies adopt new ordinances, rules or other legal provisions affecting aMecting this lease Lease Contract, we may make immediate amendments to bring this Lease Contract into compliance with the law. In such event, we agree to give you notice that this Lease Contract has been amended and shall provide a brief description of the amendment and the effective eMective date. Owner/Agent and Resident agree to comply with the applicable Rules and Law concerning the Premises. You agree to supervise other occupants, family, guests, invitees, or other persons under your control to ensure their compliance with the Rules and Law and shall be responsible for any actions of the foregoing who violate this Lease Contract or the applicable Rules and Law. You shall immediately notify us upon receipt of any notice of violation and shall pay any fines or penalties assessed by any governing body as a result of your noncompliance with Rules and Law, as additional rent.

Appears in 1 contract

Sources: Lease Agreement