Common use of CONVERTING TO AGREEMENT Clause in Contracts

CONVERTING TO AGREEMENT. As the Tenant chooses to exercise their option to purchase the property, the Landlord and Tenant agree to: ☐ - Execute a New Agreement. The parties have agreed to create a purchase agreement that is in line with the terms and conditions contained in this Addendum within a period not to exceed ten (10) days of the Tenant exercising their right to buy the property. Refusal of the landlord to sign a purchase agreement constitutes in a breach of specific performance.

Appears in 8 contracts

Samples: Own Lease Agreement, Own Lease Agreement, Own Lease Agreement

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