Common use of Condition and Acceptance of Premises Clause in Contracts

Condition and Acceptance of Premises. Tenant accepts the Demised Premises in their current condition and acknowledges that the Demised Premises is in good order and repair, unless otherwise indicated herein. By occupying the Demised Premises, Tenant shall be conclusively deemed to have accepted the Demised Premises as being in the condition required by this Agreement. If requested by Landlord, Tenant will sign a statement confirming the Commencement Date and ratifying acceptance of the Demised Premises. In addition, Tenant shall have a [Number] day waiting period to discover any defects and shall notify Landlord immediately of the same. Property in Demised Premises. With respect to the property: A) Right to Leasehold Improvements. (Check one) ☐ Tenant is NOT allowed to make improvements on the Demised Premises. ☐ All leasehold improvements (other than Tenant’s trade fixtures), such as light fixtures and heating and air conditioning equipment, shall, when installed, attached to the freehold and become and remain the property of Landlord. All Tenant’s trade fixtures shall remain the property of Tenant, subject at all times to any of Landlord’s liens for Rental and other sums which may become due to Landlord under this Lease or otherwise. Tenant (Check one) ☐ shall not ☐ shall be allowed to remove all such trade fixtures upon termination of this Lease, provided that Tenant is not in default in any of the terms and provisions of this Lease. B)

Appears in 4 contracts

Samples: Business Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement

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Condition and Acceptance of Premises. Tenant Xxxxxx accepts the Demised Premises in their current condition and acknowledges that the Demised Premises is in good order and repair, unless otherwise indicated herein. By occupying the Demised Premises, Tenant shall be conclusively deemed to have accepted the Demised Premises as being in the condition required by this Agreement. If requested by Landlord, Tenant will sign a statement confirming the Commencement Date and ratifying acceptance of the Demised Premises. In addition, Tenant shall have a [Number] day waiting period to discover any defects and shall notify Landlord immediately of the same. Property in Demised Premises. With respect to the property: A) Right to Leasehold Improvements. (Check one) ☐ Tenant is NOT allowed to make improvements on the Demised Premises. ☐ All leasehold improvements (other than Tenant’s trade fixtures), such as light fixtures and heating and air conditioning equipment, shall, when installed, attached to the freehold and become and remain the property of Landlord. All Tenant’s trade fixtures shall remain the property of Tenant, subject at all times to any of Landlord’s liens for Rental and other sums which may become due to Landlord under this Lease or otherwise. Tenant (Check one) ☐ shall not ☐ shall be allowed to remove all such trade fixtures upon termination of this Lease, provided that Tenant is not in default in any of the terms and provisions of this Lease. B)

Appears in 1 contract

Samples: Godown Rent Agreement

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