Building and Land Clause Samples
The 'Building and Land' clause defines the specific property, including both the physical structure and the land it occupies, that is subject to the agreement. This clause typically details the address, legal description, and boundaries of the property, and may also specify any included fixtures or improvements. By clearly identifying the exact property involved, the clause ensures there is no ambiguity about what is being transferred, leased, or otherwise dealt with, thereby preventing disputes over property scope or ownership.
Building and Land. The Regional School District owns the land and buildings located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇▇▇, Somerset residents will have access to use the land and building for town meetings and elections. Upon the dissolution of the Regional School District, the land reverts back to the town of Somerset at no cost but subject to any statutory or DESE regulatory requirements.
Building and Land. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord during the term of this Lease, on the terms and conditions set forth herein, those certain premises (hereinafter referred to as the "Demised Premises") located in the building (the "Building") at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ and shown on the floor plan attached hereto as EXHIBIT A-3. The Building is a two-story steel frame structure containing 64,800 square feet of Rentable Area (as defined in Section 8.1 below) which includes the Demised Premises. The land upon which the Building is located is legally described in EXHIBIT A-1 attached hereto and together with all the improvements thereto, except the Building, is defined as the "Land." The Land and Building shall hereinafter collectively be referred to as the "Project." The conceptual site plan for the future Land improvements to be constructed in conformance with the PID Permit (defined below) and the current location of the Building is attached hereto as EXHIBIT A-2. Landlord shall make certain improvements to the Demised Premises, Building, Land and Common Area as described in the Construction Exhibit which is attached hereto as EXHIBIT B (the "Construction Exhibit").
Building and Land. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord during the Term (as defined in Section 2.5), on the terms and conditions set forth in this Lease, those certain premises (the “Premises”) consisting of the entire building (the “Building”) at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, and identified on the site plan attached hereto as Exhibit A, excluding, however, the common telephone/data room in the Building. The Building is a one-story structure containing 11,960 square feet of Rentable Area (as defined in Section 8). The Building is a part of a three building commercial real estate complex commonly known as Sorrento Science Park that is located upon the land legally described on Exhibit B attached hereto (the “Land”). The Land, the Building, the other two buildings on the Land and all other improvements now or hereafter upon the Land are collectively referred to as the “Project.”
Building and Land. The premises (the “Premises”) shall contain approximately 90,000 rentable square feet, which will be all of the rentable square footage of the three (3) story building (the “Building”) to be constructed in accordance with this Lease on the Land, as defined herein, in approximately the location indicated on that plan attached hereto as Exhibit A-3, together with a non-exclusive right to the use of and access to areas of the Building not regularly and customarily leased for the exclusive use of tenants, including, but not limited to, all driveways, sidewalks, entranceways, public lobbies, elevators, stairways, corridors, and restrooms, as well as common areas and other facilities on the Land and of the Common Areas as such term is defined in the Master Declaration. The Premises are more particularly described or depicted on the plans attached hereto as Exhibit A-1, which plans will be refined as provided in the Work Letter. The land on which the Building is located (the “Land”), as configured on the Effective Date, is described on Exhibit A-2.
Building and Land. Landlord shall have the right to provide any insurance maintained or caused to be maintained by it under blanket policies.
Building and Land. Landlord leases to Tenant, upon the terms and conditions contained in this Lease, the Premises (as defined in Section 1.04) together with the right, in common with others, to use the Common Area Facilities (as hereinafter defined) of the Building (as hereinafter defined) and of the Land (as hereinafter defined) on which the Building is located. As used in this Lease, the "Common Area Facilities" shall include all freight and passenger elevators, loading docks, sidewalks, parking areas, driveways, hallways, stairways, public restrooms, common entrances, lobby, cafeteria, fitness center, emergency systems and other similar public areas and access ways of the Building and the Land.
Building and Land. 1 1.2 Parking and Other Common Area........................... 1 1.3 CC&Rs and PID Permit.................................... 1
Building and Land. 2 1.04 Premises................................................ 2 1.05 Area Verification and Measurement....................... 3 1.06 Use..................................................... 3 1.07