Common use of Surrender of the Premises Clause in Contracts

Surrender of the Premises. At the expiration or other termination of this contract, I shall surrender possession of the unit and shall return all keys to the unit to the University’s designated agent. Failure to do so will constitute a default of this contract as set forth in Section 15 and subject me to an obligation to pay the liquidated damages sum set forth in Section 15 for each day I continue to occupy the unit.

Surrender of the Premises. At the expiration or other termination of this contract, I shall surrender possession of the unit and shall return all keys to the unit to the University’s designated agent. Failure to do so will constitute a default of this contract as set forth in Section 15 14 and subject me to an obligation to pay the liquidated damages sum set forth in Section 15 14 for each day I continue to occupy the unit.