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1. Agreement; Parties. Each occupant (“Member”) and the corporate client (“Corporate Client”), to the extent that the Member’s reservation (“Reservation”) has been facilitated through a corporate relationship with Novo Boutique Living, Inc. (“Novo Boutique Living”), agree to the terms and conditions set forth herein (“Terms and Conditions”) which shall apply to the Reservation for the Unit listed above. As used herein, “Client/Member” shall refer to the Corporate Client, as applicable, and each Member. As used herein, “Novo” shall refer to Novo Boutique Living, as applicable.

2. Term of Reservation. The “Term” of the Reservation (“Initial Term” and “Renewal Term”) will begin on {reservations.startdate} and will expire on the agreed-upon date of departure, or
{reservations.enddate} (“Initial Term”). Subject to the terms hereof, when the Initial Term expires and if no departure notification (“Departure Notice”) has been submitted as provided herein, the Reservation shall automatically renew for successive renewal terms of one month each (“Renewal Terms”), until either party gives the other a valid Departure Notice, which will be effective: (a) not earlier than the end of the Initial Term; and (b) 30 days after notice is provided (“Vacate Date”). Effective at the end of the Initial Term, Novo may increase the rental fee with thirty (30) days prior written notice of such increase. After a Departure Notice has been provided, any extensions requested must be approved in writing or by electronic mail by Novo and may be subject to an increase in rent for the extension period.

3. Termination/Breach/Holdover. If Client/Member terminates this agreement less than seven (7) days prior to {reservations.startdate} Client/Member will be charged a Cancellation Fee of $500.00. If Client/Member fails to occupy the Unit or vacates the Unit prior to the end of the Term, Client/Guest may terminate the Reservation upon written notice to Novo and payment in full of all amounts outstanding and all rent and other charges due hereunder for the unexpired Term. Following a termination by the Client/Member, any rent recovered by Novo for re-letting the Unit during any portion of the unexpired Term shall be refunded to Client/Member in an amount up to the amount paid by Client/Member for such unexpired Term less a $500 termination fee, which the parties agree is a reasonable estimate of the costs, damages and/or other expenses incurred by Novo as a result of such termination (e.g., fees incurred in re-letting the Unit, charges for furniture rental and pick-up). If Client/Member fails to pay when due any rental fee or other amounts due hereunder or is in material breach of its obligations hereunder, or in violation of any applicable law, regulation, ordinance, statute or community policy with respect to the Unit, building or complex, and such failure, breach, or violation is not cured within five (5) days after written notice of same, then Novo may (i) immediately terminate Client/Member’s right to occupy the Unit, (ii) immediately dispossess Client/Member and deny Client/Member access to the Unit, to the extent permitted under or otherwise as provided under applicable local law, and (iii) pursue any and all rights and remedies available to it at law or in equity. Upon termination by Novo, all amounts outstanding and all rent and other charges for the unexpired Term shall become immediately due and payable. Client/Member agrees to pay to Novo all costs of collection and enforcement, including but not limited to reasonable attorney’s fees and all charges for services for collection. If Client/Member remains in the Unit after the end of the Term without the written consent of Novo, it shall be deemed a holdover tenancy and Corporate Housing Provider may, in addition to other rights and remedies available at law or in equity, recover, as additional rent, damages from Client/Member in an amount equal to THREE (3) times the then current daily rental rate or monthly rental rate, prorated on a daily basis, or the maximum amount permitted by law for each day Client/Member remains in possession of the Unit after the end of the Term.

4. Liability/Extraordinary Charges/Unauthorized Pets. Client/Member agrees to pay Novo for any and all damages or losses above normal wear and tear, and all claims, liabilities, fees, taxes or other charges arising out of Client/Member’s use or occupancy of the Unit. Novo shall not be liable for any personal injury or any damage to or loss of property, unless caused by the sole negligence of Novo. Personal property of Client/Member will not be insured by Novo. Novo recommends that Client/Member secure their own insurance to protect against any such personal injury and damage to or loss of property. Client/Member hereby covenants and agrees to indemnify, hold harmless and defend Corporate Housing Provider, Novo Boutique Living, Inc. and its affiliates, and each of their officers, directors, employees, agents, successors, assigns and all related parties (“Indemnified Parties”) from and against any and all claims, losses, or liabilities for injury or death to any person or for damages to or loss of use of any property arising out of any occurrence in, on or about the Premises or the surrounding area, building, grounds, or facilities, arising out of, incurred or suffered as a result of use or occupancy of the Premises by Client/Member. Such indemnification shall include, without limitation, attorney’s fees, investigation costs, and other costs actually incurred by any of the Indemnified Parties. If Client/Member brings a pet into the Unit without the prior knowledge and permission of Novo, Novo may, by providing written notice to Client/Member, require removal of such pet from the Unit and apartment community immediately. Failure to remove any pet after notice will be grounds for termination of the Reservation and any rights Client/Member has to occupy the Unit.

5. Unit Sublet. Client/Member may not sublet the Unit without the prior written consent of Novo Boutique Living. Any sublet or assignment will not release Client/Member from liability.

6. Unit Condition. It shall be conclusively presumed that the Premises were in good condition and repair and clean at the time of occupancy, unless Client/Member notifies Novo to the contrary within two (2) days of occupancy of the Premises. Client/Member agrees not to make any alterations, installations, repairs, or re-decorations of any kind, whether permitted by law or otherwise, to the Premises without the written permission of Novo.

7. Unit Security. Novo does not represent or warrant that the Premises, the building or the complex is secure from theft or any other criminal activity.

8. Access to Unit. Client/Member hereby grants Novo and its agents authorization to enter the Premises for the purpose of providing housekeeping, maintenance services, verifying residency or any other business purposes, with 24 hour written notice.

9. Arrival /Departure Time. The arrival time on the first day of the Term is specified above. The departure time on the final day of the Term is specified above. After such time, furniture and housewares are subject to pick up and utilities are subject to disconnect and Client/Member will be deemed a holdover tenant.

10. Fire Protection Devices. If any fire protection device, including without limitation, a smoke detector or fire extinguisher, is located within the Premises, then upon taking occupancy, Client/Member assumes responsibility for the maintenance of any such device. Client/Member assumes liability for the testing of such devices and periodically inspecting pressure gauges, if any, and promptly reporting any deficiencies to Novo.

11. Long Distance and Dial Around Charges. Client/Guest may use a calling card to place long distance calls, and if the access number for use of the card is toll-free, Client/Guest will not incur an additional charge when making long distance calls with the card. Should Client/Guest incur charges, Client/Guest agrees to pay for all calls, and will be charged a $25.00 per month processing fee, plus a 25% surcharge.

12. Internet Service. Client/Member expressly agrees that Internet service, if any, is provided on an “AS IS” and “AS AVAILABLE” basis and that Novo disclaims all liabilities arising from the use thereof. In the event that Client/Member is provided with Internet service during the Term, Client/Member may not use the Internet service for any illegal purposes. If Client/Member is found to be in breach of this Section, Novo may, in addition to all other remedies it may have and at its sole discretion, immediately terminate Internet access of the Client/Member without notice. Client/Member agrees to defend, indemnify and hold harmless the Indemnified Parties from and against any claim or demand asserted by any third party due to or arising out of the use of the Internet service by Client/Member.

13. General/Notices. Client/Member shall be deemed to have knowledge of and to have consented to these Terms and Conditions, the rental policies and procedures of Novo, and the rules of the applicable Unit community. All Addenda and other documents agreed to in connection with the Reservation are hereby made a part of these Terms and Conditions. The Reservation may be executed in two or more counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same Reservation. Typed and/or facsimile signatures shall have the same force and effect as an original signature. These Terms and Conditions will be construed under the laws of the State in which the Unit is located, regardless of principles of conflicts of law. Any notices that may be given from time to time by Novo to Corporate Client or Member(s) may be served at the address of the Unit, or by nationally recognized overnight courier service or facsimile, whose transmission has been confirmed, to the business address of Corporate Client, as indicated above. Any notices that may be given from time to time by Corporate Client or any Member to Novo may be served by nationally recognized overnight courier service or facsimile, whose transmission has been confirmed, to the following address, as applicable: Novo Boutique Living, 263 Bowery, 3rd Floor, New York, NY 10002; Facsimile: (888-515-3346). Any such notice shall be deemed received one (1) business day after it is sent, if sent by overnight courier service, or on the day sent, if by confirmed facsimile. Client/Member waives all rights to trial by jury in any cause of action directly or indirectly involving these Terms or Conditions of the Reservation or occupancy of the Premises.

14. Master Corporate Housing. Corporate Client or Member’s employer may have a Master Corporate Housing Agreement (“MCHA”) with Novo Boutique Living. To the extent any of the terms and conditions of such MCHA conflict with these Terms and Conditions, the terms and conditions of the MCHA and any documents related thereto shall control.