Common use of Change Locks Clause in Contracts

Change Locks. Owner understands that upon Tenant vacating premises for lease termination, there are higher risks of liability and damage to the property if the locks are not immediately changed. Understand that the “risk period” of the locks not being changed is when former tenants move and the house is vacant; it is before the new tenants sign a new lease and occupy the premises; it is when the former tenants have access to the premises while the house is vacant. Thus, even though the new tenants may change the locks at their expense, this does not reduce the risk of loss to the Owner during the “high risk period.” Knowing such risks, Owner hereby (choose one) authorizes Manager to change locks upon each vacancy at Owner’s expense chooses not to change the locks upon each vacancy and assumes the risk of former-tenants being able to access property and give others access to the property and potentially causing damage.