Demise and Acceptance Clause Samples
The 'Demise and Acceptance' clause defines the formal transfer of possession of the leased property from the landlord to the tenant and the tenant's agreement to accept it. In practice, this clause specifies the exact premises being leased, the commencement date of the lease, and confirms that the tenant has inspected and accepted the property in its current condition. Its core function is to clearly establish the start of the landlord-tenant relationship and to prevent disputes over the condition or boundaries of the leased premises at the outset of the lease.
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Demise and Acceptance. Paragraph 2.1 Demise of Premises 3 Paragraph 2.2 Term 4 Paragraph 2.3 Acceptance of Premises 4
Demise and Acceptance. Landlord hereby leases to Tenant, and Tenant leases from Landlord, for the Lease Term upon the terms and conditions of this Lease, the Premises for Tenant’s own use in the conduct of Tenant’s business together with the non-exclusive right to use the Common Area, including, without limitation, the non-exclusive right to use up to five hundred (550) parking stalls within the portion of the Common Area (subject to the limitations set forth in Section 4.7) described on Exhibit A attached hereto and incorporated herein. Landlord reserves for its exclusive use all areas in the Project other than the Common Areas and the Premises, as well as the exterior walls, the roof and the area beneath and above the Premises, and Landlord reserves the right to install, maintain, use, and replace ducts, wires, conduits and pipes leading through the Premises, provided that in its exercise of such rights, Landlord shall use reasonable efforts to minimize interference with Tenant’s access to and use of the Premises and disruption of Tenant’s business. By taking possession of the Premises, Tenant shall be conclusively deemed to have accepted the Premises in their then existing condition as of the Commencement Date, “AS-IS, WITH ALL FAULTS.” Tenant acknowledges and agrees that Landlord has made no representations or warranties to Tenant, express or implied, with respect to the Premises, whatsoever, including, without limitation, any representation or warranty as to the suitability of the Premises for Tenant’s intended use.
Demise and Acceptance. The Landlord hereby leases the Leased Premises to the Tenant to peaceably enjoy and quietly possess during the Term (unless terminated earlier pursuant to this Lease), together with the non- exclusive right to make reasonable use of the Common Areas and Facilities of the Building which provide access to the Leased Premises or which are generally made available to all tenants in the Building, subject to the terms of this Lease. The Tenant hereby leases and accepts the Leased Premises, in an "as is" condition, from the Landlord and covenants to pay the Rent and to observe and perform all the covenants and obligations to be observed and performed by the Tenant pursuant to this Lease.
Demise and Acceptance. (a) Landlord hereby leases to Tenant, and Tenant leases from Landlord, the Premises, to have and to hold for the Term of this Lease, subject to the terms, covenants and conditions of this Lease. The “Premises” shall be defined to mean 178,911 rentable square feet of space (subject to adjustment as described in Section 2.5 below) comprised of:
Demise and Acceptance. Demise of Premises 2 2.2 Term 2 2.3 Delivery and Acceptance of Premises 2 2.4 Tenant Improvements (None) 3 2.5 Early Occupancy 3 2.6 Conditions Precedent to Delivery of the Leased Premises 3
Demise and Acceptance