COVENANTS BY THE LESSOR Clause Samples
The "Covenants by the Lessor" clause outlines the specific promises and obligations that the lessor (property owner or landlord) agrees to uphold during the lease term. These covenants typically include maintaining the premises in good repair, ensuring the tenant's quiet enjoyment of the property, and complying with applicable laws and regulations. By clearly stating the lessor's responsibilities, this clause helps prevent disputes and ensures that the tenant receives the expected benefits and protections under the lease agreement.
COVENANTS BY THE LESSOR. During the currency of the Lease and for so long as no Event of Default has occurred, the Lessor covenants with the Lessee as Essential Terms of this Lease that:
COVENANTS BY THE LESSOR. 6.1. That the demised Premises are in good condition. The Lessor hereby represents and confirms that the “demised premises” are free from all kind of encumbrances.
6.2. That the amenities provided in the demised premises as mentioned in the Schedule hereto is in good working condition.
6.3. That the Lessor are entitled to receive the security deposit and lease rent directly from the Lessee.
6.4. That the Schedule A Property is constructed as per the statutory norms and has fulfilled all the statutory obligations and obtained necessary licenses and approvals.
COVENANTS BY THE LESSOR. The Lessor hereby covenants that:
2.1 Lessor will gel the SEZ notified under subsection (1) of section 4 of the Special Economic ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ (28 of 2005) read with rule 8 of the Special Economic Zones Rules, 2006.
2.2 The 'Lessor' shall provide support infrastructure at its own cost such as access road upto the periphery of 'Sector A', Power, water sewage upto the 'Sector A' boundary as per ICT Policy 2005-2010. The 'Lessee' shall bear the cost of provision of power, water, sewerage and roads within 'Sector A' periphery and shall have to bear the cost of consumption of water, power & sewerage. The 'Lessee' shall pay the charges for various servicing and common facilities and also for up-keep and maintenance of Roads, water supply, drainage, sewage disposal, street lights to the administration or some other agency as the case may be, failure in respect of which would entail the services being disconnected.
COVENANTS BY THE LESSOR. The Lessor hereby covenants that:
2.1 Lessor will get the SEZ notified under subsection (1) of section 4 of the Special Economic Z▇▇▇▇ ▇▇▇, ▇▇▇▇ (28 of 2005) read with rule 8 of the Special Economic Zones Rules, 2006.
2.2 The ‘Lessor’ shall provide support infrastructure at its own cost such as access road upto the periphery of ‘Sector A’, Power, water sewage upto the ‘Sector A’ boundary as per ICT Policy 2005-2010. The ‘Lessee’ shall bear the cost of provision of power, water, sewerage and roads within ‘Sector A’ periphery and shall have to bear the cost of consumption of water, power & sewerage. The ‘Lessee’ shall pay the charges for various servicing and common facilities and also for up-keep and maintenance of Roads, water supply, drainage, sewage disposal, street lights to the administration or some other agency as the case may be, failure in respect of which would entail the services being disconnected.
2.3 The ‘Lessor’ shall facilitate development of infrastructure for entire SEZ in an integrated manner in consultation with the ‘Lessee’ and other co-developers and shall provide a mutually agreed integrated infrastructure scheme in SEZ so that the ‘Lessee’ could provide all infrastructure services, within ‘Sector A’ in consonance with the integrated infrastructure scheme in SEZ.
2.4 The Lessor shall ensure that the Lessee shall peacefully and quietly use and enjoy, in accordance with the terms of this Lease Deed, the ‘Sector A’, without interruption or disturbance by the Lessor or any person lawfully or otherwise claiming by or through or under the Lessor during the currency of this Deed.
2.5 The Lessor shall sign, without demur, such applications, no-objection certificates or any documents prescribed by any statute / government authority as may be required by the Lessee to obtain necessary statutory approvals, permissions etc. to carry out its use of ‘Sector A’ in accordance with the terms of this Deed.
2.6 The ‘Lessee’ is entitled to seek various approvals and clearances in relation to the development and construction of infrastructure within ‘Sector A’ and to create mortgage, land in ‘Sector A’ (with prior written consent of ‘Lessor’, which shall not be unreasonably withheld) in favor of the financial institutions/banks for extending loans and other facilities to the ‘Lessee’ in relation to the co-development of ‘Sector A’. The Lessee shall be entitled to create a mortgage or other charge whatsoever, over (a) its rights under this Lease Deed, and/...