Final answer:
Bilateral or Unilateral discharge occurs when both parties mutually agree to terminate the contract, which is the correct answer A) Both parties agree to terminate the contract. The provided context mentions a lease agreement that can be terminated by either party with a 30-day written notice.
Step-by-step explanation:
The question is asking about the concept of termination of a contract and the specific conditions under which it can occur. In this case, the correct answer is: A) Both parties agree to terminate the contract. Bilateral or Unilateral discharge, also known as Mutual release, occurs when both parties involved in a contract agree to end the contract and release each other from any further obligations. This contrasts with other types of termination where only one party decides to end the contract or where termination occurs due to other circumstances, such as an automatic trigger event or legal intervention.
In the context provided, it is notable that the contract outlines a protocol for termination, supporting a mutual decision by either party to terminate with proper notice. Additionally, it stipulates conditions for when the property is considered vacated and potential liabilities for the resident should they not vacate by the termination date.