Common use of MULTIPLE OCCUPANCY Clause in Contracts

MULTIPLE OCCUPANCY. Tenants acknowledge that this lease is between Landlord and each tenant executing this lease, jointly and severally, whether or not in actual possession of the leased premises. In the event of default by any one signatory, the remaining signatories shall be responsible for timely payment of 100% of the rent and all other provisions of this lease.

Appears in 3 contracts

Sources: Lease Agreement, Lease Agreement, Lease Agreement