10.1 Please be advised that the abovenamed resident is hereby granted Time Constrained Residency for the duration of ________ months       from  Day __________ Month __________ Year __________                 to  Day __________ Month __________ Year __________.

10.2 The purpose of Time Constrained Residency is predominantly for appraisal and planning.

10.3 Therefore this Time Constrained Residency is neither a legal document nor a binding contract, that it places legal responsibilities and contractual obligations upon neither the landlord nor the resident, and that either party may terminate said residency at any time by supplying two (2) weeks’ notice.

10.4 Renewal of Time Constrained Residency is NOT automatic but based upon a sound and satisfactory residential performance record.
 

Landlord’s Signature: ___________ Landlord’s Name: ___________ Date: ___________