Declaration of Lease Sample Clauses
The Declaration of Lease clause formally establishes the existence and terms of a lease agreement between the involved parties. It typically outlines the essential details such as the identities of the landlord and tenant, the property being leased, and the duration of the lease. This clause serves to provide a clear, mutual acknowledgment of the lease arrangement, ensuring both parties are aware of their rights and obligations from the outset and reducing the risk of future disputes regarding the existence or terms of the lease.
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Declaration of Lease. Pursuant to that certain Land Lease Agreement dated _________, ___, 2012, by and between Landlord and Tenant (the “Lease”), Landlord has leased to Tenant that certain tract of land more particularly described on Exhibit A (the “Leased Premises”), together with the non- exclusive right to use certain portions of the Land more particularly described in the Lease as the “Joint Use Areas”.