4BR Oceanfront – Lower Unit

This Agreement and the tenancy hereby granted may be terminated at any time by either party hereto by giving the other party not less than one full month’s prior notice in writing, provided that, (a) if Lessor is the terminating party, all monies deposited up to the termination date shall be returned to Lessee and (b) if Lessee is the terminating party, without the approval of Lessor, all deposit monies will be non-refundable unless Lessor finds a replacement Lessee, in which case Lessor shall refund deposit money to original Lessee to the extent the replacement Lessee terms are not less than the original Lessee terms less a 10% cancellation fee or $150, whichever is higher. In the event the property is not re-rented, lessee is responsible to pay balance due as per original terms of agreement.