Common use of TRANSFER OF TENANT Clause in Contracts

TRANSFER OF TENANT. If the Tenant (i) is transferred 50 miles or more (radius) from the Premises by his current employer, (ii) discharged or released from active duty with the Armed Forces of the United States or from full time or technician status with the Maryland National Guard, or (iii) if a member of the Armed Forces of the United States or on full-time or technician status with the Maryland National Guard, is ordered to report to government-supplied quarters resulting in the forfeiture of basic allowance for quarters, the Tenant shall have the right to terminate this Lease. In cases not covered by the Soldiers and Sailors Civil Relief Act, the termination shall be effective on the last day of the second calendar month following the month in which the Landlord receives the notice of termination from the Tenant. In cases covered by the Soldiers and Sailors Civil Relief Act, the termination shall be effective not less than 30 days after the Landlord receives written notice of such termination from the Tenant. In consideration of such termination, the Tenant shall provide a copy of the Tenant's transfer or orders, the final month's rent (prorated to the effective date of termination) and the following as liquidated damages: A. 1 and 1/2 month's rent if the Tenant has completed less than 6 months of the tenancy as of the effective date of termination, OR B. 1 month's rent if the Tenant has competed 6 months or more but less than 12 months of the tenancy as of the effective date of termination.