If you default the manager has the right to stop utilities which are paid as part of the rent or seize resident's property. The manager may also terminate the resident's right of occupancy on one day's written notice. This notice is the first step toward eviction. The obligation of an evicted tenant to pay rent ceases only if management rents the apartment to someone else. If the resident gives notice of intent to move out before the end of a lease, or begins moving belongings from the unit, then the rent may be accelerated.
Acceleration means that all rents for the remainder of the lease period are due immediately.
You will be liable for the rent of any resident who was unable to occupy due to the holdover. At the management's option, the lease contract may be extended one month from the date of notice of lease contract extension. Carefully read the underlined paragraph. Make sure all agreements are in writing. After due date, the management does not have to accept late rent or other late payment.