Common use of EXECUTION AND EFFECTIVE DATE Clause in Contracts

EXECUTION AND EFFECTIVE DATE. This Lease shall not be effective until fully executed by all parties. It is effective on the above-written Effective Date regardless of signature or acknowledgment date. ALL PARTIES SHOULD READ THIS RESIDENTIAL LEASE (INCLUDING ADDENDA AND EXHIBITS, IF ANY) CAREFULLY BEFORE SIGNING. THIS LEASE IS LEGALLY BINDING WHEN EXECUTED. THERE IS NO CANCELLATION OR RECISION PERIOD. ASK ANY QUESTIONS YOU HAVE BEFORE SIGNING. DO NOT SIGN THIS LEASE IF YOU DO NOT UNDERSTAND IT. THIS LEASE IS NEGOTIABLE. CONSULT YOUR ATTORNEY BEFORE SIGNING. REVISE ESTE DOCUMENTO CON CUIDADO ANTES DE FIRMAR. NO FIRME SI TIENNE PREGUNTAS O SI NO LO COMPRENDE. SI USTED NO HABLA INGLES, NO FIRME NADA SIN UN TRADUCCION O ANTES DE HABLAR CON SU ABOGADO.