Common use of Transfer of Property Clause in Contracts

Transfer of Property. 1. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 19 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant ▇▇▇▇▇▇ has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant▇▇▇▇▇▇. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 9 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce this the Agreement against the grantee of the Property if Tenant’s 's occupancy under this Agreement is to end 180 days or less after the grantee’s 's interest in the Property is recorded. If Tenant’s 's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement agreement unless the grantee agrees in writing to honor this Agreementagreement. If the grantee does not honor this Agreementagreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee’s 's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s 's name and address, and the date the grantee’s 's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. (b) Upon termination of the Owner’s 's interest in the Property, whether by sale, assignment, death, appointment of a receiver receiver, or otherwise, the Owner, Owner’s agentAgent, or real estate any other agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s 's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s 's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant’s 's occupancy under this Agreement agreement is to end more than 180 days after recordation of the interest of the Owner’s 's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreementagreement, all advance rent paid by Tenant (and other Tenant, less deductible fees owed to third parties not already lawfully disbursed) permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Appears in 4 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce this the Agreement against the grantee of the Property if Tenant’s 's occupancy under this Agreement is to end 180 days or less after the grantee’s 's interest in the Property is recorded. If Tenant’s 's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement agreement unless the grantee agrees in writing to honor this Agreementagreement. If the grantee does not honor this Agreementagreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee’s 's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s 's name and address, and the date the grantee’s 's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. (b) Upon termination of the Owner’s 's interest in the Property, whether by sale, assignmentagreement, death, appointment of a receiver receiver, or otherwise, the Owner, Owner’s agent's Agent, or real estate agent Agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s 's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s 's name and address. However, if Tenant’s 's occupancy under this Agreement agreement is to end more than 180 days after recordation of the interest of the Owner’s 's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, agreement all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 3 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. a. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. b. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 3 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. a. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant ▇▇▇▇▇▇ has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant▇▇▇▇▇▇. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. b. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 3 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. a. If the Owner voluntarily transfers the Property, Tenant ▇▇▇▇▇▇ has the right to enforce this Agreement against the grantee of the Property if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant▇▇▇▇▇▇’s occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant ▇▇▇▇▇▇ is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant ▇▇▇▇▇▇ has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant▇▇▇▇▇▇. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. b. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 2 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. If the Owner owner voluntarily transfers the Propertyproperty, Tenant has the right to enforce this Agreement against the grantee of the Property property if Tenant’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 10 days after transfer of the Propertyproperty, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the PropertyPremises, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property Premises subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Ownerowner’s interest in the PropertyPremises, whether by sale, assignment, death, appointment of a receiver or otherwise, the Ownerowner, Ownerowner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Ownerowner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Ownerowner’s successor-in-interest in the Propertyproperty, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 2 contracts

Sources: Vacation Rental Lease Agreement, Vacation Rental Lease Agreement

Transfer of Property. 1. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce this the Agreement against the grantee of the Property if Tenant’s 's occupancy under this Agreement is to end 180 days or less after the grantee’s 's interest in the Property is recorded. If Tenant’s 's occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement agreement unless the grantee agrees in writing to honor this Agreementagreement. If the grantee does not honor this Agreementagreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee’s 's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s 's name and address, and the date the grantee’s 's interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. (b) Upon termination of the Owner’s 's interest in the Property, whether by sale, assignment, death, appointment of a receiver receiver, or otherwise, the Owner, Owner’s agentAgent, or real estate any other agent of Owner is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s 's successor-in-interest within 30 days, days and notify Tenant by mail of such transfer and of the transferee’s 's name and address. The real estate broker may deduct from advance rents transferred to Owner’s successor-in-interest all commissions and fees earned by the real estate broker prior to the transfer. However, if Tenant’s 's occupancy under this Agreement agreement is to end more than 180 days after recordation of the interest of the Owner’s 's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreementagreement, all advance rent paid by Tenant (and other Tenant, less deductible fees owed to third parties not already lawfully disbursed) permitted by NCGS 42A-16. must be transferred to Tenant within 30 days.

Appears in 2 contracts

Sources: Vacation Rental Agreement, Vacation Rental Agreement

Transfer of Property. 1. (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce this the Agreement against the grantee of the Property if Tenant’s ▇▇▇▇▇▇'s occupancy under this Agreement is to end 180 days or less after the grantee’s 's interest in the Property is recorded. If Tenant’s 's occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement agreement unless the grantee agrees in writing to honor this Agreementagreement. If the grantee does not honor this Agreementagreement, Tenant is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, unless Agent is to continue as grantee's agent, the grantee or the grantee’s 's new agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s 's name and address, and the date the grantee’s 's interest was recorded; and (ii) advise Tenant whether Tenant ▇▇▇▇▇▇ has the right to occupy the Property subject to the terms of this Agreement agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement▇▇▇▇▇▇. 2. (b) Upon termination of the Owner’s 's interest in the Property, whether by sale, assignmentagreement, death, appointment of a receiver receiver, or otherwise, the Owner, Owner’s agent's Agent, or real estate agent Agent is required to transfer all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed) to the Owner’s 's successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s 's name and address. However, if Tenant’s 's occupancy under this Agreement agreement is to end more than 180 days after recordation of the interest of the Owner’s 's successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, agreement all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 1 contract

Sources: Vacation Rental Agreement

Transfer of Property. 1. If the Owner voluntarily transfers the Property, Tenant ▇▇▇▇▇▇ has the right to enforce this Agreement against the grantee of the Property if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant▇▇▇▇▇▇’s occupancy is to end more than 180 days after such recordation, Tenant ▇▇▇▇▇▇ has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant ▇▇▇▇▇▇ is entitled to a refund of all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant ▇▇▇▇▇▇ has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant▇▇▇▇▇▇. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant▇▇▇▇▇▇’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant ▇▇▇▇▇▇ (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 1 contract

Sources: Vacation Rental Agreement

Transfer of Property. 1. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant’s occupancy under this Vacation Rental Agreement is to end not later than 180 days or less after the grantee’s interest in voluntary transfer of the Property is recordedproperty by Landlord to a Grantee, the Grantee takes title to the property subject to the terms of the Vacation Rental Agreement. If Tenant’s occupancy the Vacation Rental is to end more than 180 days after such recordationthe recording of the Grantee's interest, the Tenant has shall have no right to enforce the terms of this Agreement agreement unless the grantee Grantee agrees in writing to honor this Agreementsuch term. If the grantee does not honor this AgreementIn such event, Tenant is shall be entitled to a refund of all advance rent paid by Tenant (any payments made. Prior to entering a sales contract, Agent/Owner shall disclose to the purchaser, the time periods that the property is subject to a Vacation Rental Agreement, and other fees owed within 10 days after transfer of a vacation rental property, shall disclose to third parties not already lawfully disbursed)the Grantee, the Tenant’s name, address and copy of the Vacation Rental Agreement. Within Upon transfer of the property to the Grantee, the Grantee has until 20 days after transfer of the Propertyproperty to notify the Tenant of the transfer, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s Grantee's name and address, address and the date the grantee’s Grantee's interest was recorded; Grantee shall advise the Tenant whether the Tenant has the right to occupy the property subject to the terms of the Vacation Rental Agreement and (ii) the provisions of the Vacation Rental Act; and advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenantmade. However, if Within 30 days from the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Owner’s Landlord's interest in the Propertyproperty subject to the Rental Agreement, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance advanced rent paid by the Tenant (and other fees owed to third parties not already lawfully disbursed) shall be transferred to the Owner’s successor-in-Landlord's successor in interest within 30 days, and notify the Tenant shall be notified by mail of such transfer including the name and address of the transferee’s name and address. However, if Tenant’s occupancy under this In the event that the Vacation Rental Agreement is to shall end more than 180 days after recordation the recording of the interest of the Owner’s successor-in-Landlord's successor in interest, unless the Landlord's successor in interest has agreed in writing to honor the PropertyVacation Rental Agreement, Landlord shall, within 30 days transfer all advanced rent paid by the Tenant, and the successor-in-interest has not agreed portion of any fees remaining after any lawful deductions, to honor this Agreementthe Tenant. Funds held as security deposit shall be disbursed as provided in N.C.G.S. 42A-18. In the event of an involuntary transfer of Landlord's interest, all advance rent paid Landlord shall refund to Tenant, within 60 days after such transfer, any payments made by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 daysthe Tenant.

Appears in 1 contract

Sources: Vacation Rental Lease Agreement

Transfer of Property. 1. A. If the Owner owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee new owner of the Property if Tenant’s occupancy under this Agreement is to end 180 days or less after the granteenew owner’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement unless the grantee new owner agrees in writing to honor this Agreement. If the grantee new owner does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). .) Within 20 10 days after transfer of the Property, the grantee new owner or the granteenew owner’s agent is required to: to (i1) notify Tenant in writing of the transfer of the Property, the granteenew owner’s name and address, and the date the granteenew owner’s interest was recorded; and (ii2) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. B. Upon termination of the Owner’s owner’ interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agentowner, or real estate owner’s agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest new owner within 30 days, and notify Tenant by mail of such transfer and of the transfereenew owner’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest new owner in the Property, and the successor-in-interest new owner has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days. C. If the owner’s interest in the Property is involuntarily transferred prior to Tenant’s occupancy of the Property, the owner is required to refund to Tenant all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) within 60 days after the transfer.

Appears in 1 contract

Sources: Vacation Rental Agreement

Transfer of Property. 1. a. If the Owner voluntarily transfers the Property, Tenant has the right to enforce this Agreement against the grantee of the Property if Tenant’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 days after transfer of the Property, the grantee or the grantee’s agent is required to: (i) notify Tenant in writing of the transfer of the Property, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. b. Upon termination of the Owner’s interest in the Property, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner’s agent, or real estate agent is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Property, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 1 contract

Sources: Vacation Rental Agreement

Transfer of Property. 1. If the Owner voluntarily transfers the Propertyproperty, Tenant has the right to enforce this Agreement against the grantee of the Property property if Tenant’s occupancy under this Agreement is to end 180 days or less after the grantee’s interest in the Property property is recorded. If Tenant’s occupancy is to end more than 180 days after such recordation, Tenant has no right to enforce the terms of this Agreement unless the grantee agrees in writing to honor this Agreement. If the grantee does not honor this Agreement, Tenant is entitled to a refund of all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed). Within 20 10 days after transfer of the Propertyproperty, the grantee or the grantee’s agent ▇▇▇▇▇▇▇▇ Beach is required to: (i) notify Tenant in writing of the transfer of the PropertyPremises, the grantee’s name and address, and the date the grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Property Premises subject to the terms of this Agreement or receive a refund of any payments made by Tenant. However, if the grantee engages Agent to continue managing the Property after the transfer, the grantee shall have no obligation under (i) or (ii) above if this Agreement must be honored under the Vacation Rental Act or if the grantee agrees in writing to honor this Agreement. 2. Upon termination of the Owner’s interest in the PropertyPremises, whether by sale, assignment, death, appointment of a receiver or otherwise, the Owner, Owner or the Owner’s agent, or real estate agent ▇▇▇▇▇▇▇▇ Beach is required to transfer all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) to the Owner’s successor-in-interest within 30 days, and notify Tenant by mail of such transfer and of the transferee’s name and address. However, if Tenant’s occupancy under this Agreement is to end more than 180 days after recordation of the interest of the Owner’s successor-in-interest in the Propertyproperty, and the successor-in-interest has not agreed to honor this Agreement, all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

Appears in 1 contract

Sources: Vacation Rental Lease Agreement