Buyer hereby acknowledges, understands and agrees that it has occupied the Property pursuant to the Lease, has had an opportunity to inspect the Property as set forth herein and agrees, covenants, represents and warrants that (i) prior to Closing, Buyer will have fully examined and inspected ...
by written notice to Tenant prior to the end of the Lease Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Alterations or improvements and to repair any damage to the Premises and Building caused by such removal and return ...
Managing leased and owned property contracts In the IBM TRIRIGA Real Estate Manager application, you can manage real estate contracts and asset lease contracts. You can store contract documentation, conditions, clauses, options, and financial transactions in one central repository. The application ...
Cotenancy clauses (allows the business owner to break the lease if an anchor store closes or moves) Recapture clauses (also known as a cancellation clause, this allows landlords to evict tenants for breach of contract if the tenant is unable to meet minimum rent requirements) CHOOSING...
are as contract rights terminated upon transfer of ownership. The new owner must accept these clauses in the agreement or he will for example not be bound by a promise given by the previous owner to renew the lease or to assign the lease to the lessee's heirs(specific exceptions may ...
Beware of These Dangerous Clauses in Your Property LeaseRenewing your lease for editorial office or printing plant? Beware -- do not let your landlord buffalo you into a bad deal.Perry, Phillip M
Abstracting a lease is a skill and an art. Commercial leases contain standard clauses, such as alterations, default, damage and destruction, and estoppel. Each clause has specific details that are usually extracted from the contract language to form the brief contents of the abstract. Understanding...
Break clause-allows a tenant to end a lease, at specific times during the lease period. Conveyance-this deed conveys the property rights. Covenant--a promise within a contract for the performance, or non-performance, of a specified act. Deed-the written document by which ownership of pro...
In the event that a resident, whom we have vetted and approved, fails to fulfill the initial 6 months of their lease (excluding circumstances such as military relocation or other lawful termination clauses), rest assured, we will promptly secure a replacement tenant at no additional cost to ...
their own building. The leasehold contracts for commercial spaces can be a bit complicated, which include many things to consider, such as payment structure, conditions for breach of contract, and improvement to the agreement clauses — all of which are typically handled bystrata management ...