Common use of POSSESSION OF PREMISES Clause in Contracts

POSSESSION OF PREMISES. If the Landlord is unable to deliver possession of the premises to Resident at the commencement of the term specified in this Agreement, the Resident and/or Landlord may immediately cancel and terminate this agreement upon written notice to the other party at their last known address, whereupon neither party should have liability to the other and any sums paid under this Agreement should be refunded in full. If neither party cancels, this Agreement shall be pro-rated and begin on the date of actual possession.

Appears in 4 contracts

Sources: Rental Agreement, Rental Agreement, Rental Agreement