Common use of Approved Sublessees Clause in Contracts

Approved Sublessees. A person who is a sublessee under a sublease which has been approved by Declarant under Section 6 of Article XIV shall be a qualified person until the expiration or termination of the original term of his sublease unless an extension of his sublease has been approved in writing by Declarant, in which case said person shall be a qualified person until the expiration or termination of the approved extension period of the sublease. The term "sublease" is used in this Declaration interchangeably with the term "lease" to mean any leasing arrangement whereby an Owner of a Condominium rents or leases all or a portion of his Condominium to a third party.

Approved Sublessees. A person who is a sublessee under a sublease which has been approved by Declarant under Section 6 of Article XIV shall be a qualified person until the expiration or termination of the original term of his sublease unless an extension of his sublease has been approved in writing by Declarant, in which case said person shall be a qualified person until the expiration or termination of the approved extension period of the sublease. The term "sublease" is used in this Declaration interchangeably with the Escrow No. Order No. term "lease" to mean any leasing arrangement whereby an Owner of a Condominium rents or leases all or a portion of his Condominium to a third party.