LICENSE AGREEMENT
NOTE: PLEASE PRINT AGREEMENT AND FILL OUT ALL HIGHLIGHTED AREAS.
ALL AGREEMENTS MUST HAVE A COMPLETED GUARANTOR PAGE AND LICENSOR SIGNATURE IN ORDER TO BE VALID.
THIS LICENSE AGREEMENT (“Agreement” or “License”) MADE BY AND BETW EEN
NAME:
(the “Licens ee”)
SALISBURY UNIVERSITY STUDENT ID#:
_
DATE OF BIRTH: ________/________/__________
PERMANENT ADDRESS:
And Maryland Economic Development Corporation (“MEDCO”) (Alternately referred to in this License as the “Licensor, as represented by
MEDCO’s property manager, EdR Management, Inc., the “Manager”).
In consideration of the mutual promises, covenants, and considerations contained hereinafter set forth, the parties do herby agree to the following:
1.
TERM AND LICENSED AR EAS OF USE. MEDCO herby grants to Licensee a license for the non-exclusive use of one furnished bedroom (referred to herein as your “Bedroom”) in a multiple bedroom apartment (referred to herein, alternately, as “your Apartment” and “the
Apartment”) located at University Park Student Apartments, 216 Milford Street, Salisbury, Maryland 21804 (410) 677-0774, the “Community”, to be used and occupied by Licensee for occupancy purposes only, for the term beginning on August 21, 2015 and terminating on July 29, 2016 unless sooner termination as hereinafter provided.
*(“Starting Date”)
*(“Ending Date”)
Licensor shall assign Licensee a Bedroom at the beginning of the Term; provided, however, that during the Term of this License, Licensor shall have the right in Licensor’s sole discretion to move Licensee to similar accommodations within the Property. Licensee acknowledges that Licensor reserves the right not to renew or continue this Agreement for any periods subsequent to the Term.
a.
Together with the other occupants of other bedrooms in the apartment, the Licensee has joint right to use the common areas of the apartment, which are composed of those areas within the apartment to which you have access without going into another bedroom, including the, living room, kitchen, a common bathroom, all of the associated appliances and furnishing, and where applicable, laundry facilities within the Apartment (the “Common Areas”). Your Bedroom, the other bedrooms in the apartment and the Common Areas are referred to collectively in this License as the “Apartment.” The licensee shall have joint use of the mail box that is assigned to you by Licensor. Licensor assumes no liability for loss or delays in delivery and/or failure of mail delivery. In addition, you have the right to non-exclusive use of those areas of the Community to which all occupants have general access, however the Licensee is not permitted to enter any other Bedroom or Common Area other than those assigned to Licensee, respectively, except by permission of Licensor or of the Licensee currently assigned to a certain Bedroom or Common Area.
b.
The License starts on the Starting Date, and ends at 12:00 p.m. on the Ending Date (the “License Term”). Licensee is liable under the terms of this License for the full License Term and shall not be released from your liability under this License due to school withdrawal or transfer, business transfer, loss of job, marriage, divorce, loss of any of the occupants in the
Apartment, bad health, or for any other reason, except for involuntary military service. You may not occupy your Bedroom until the License and any required fees, guaranty or other documents (such as a credit or background check) have been completed, executed and delivered to Licensor.
At our discretion, we may waive any of the required documents or requirements in which case this Lease is effective as if all such documents had been provided. W e will not hold a particular
Bedroom for you while we are waiting on you to submit a complete set of documents. If your Bedroom is not available for occupancy on the starting date of the License Term, you are not excused
