Existing Tenants. Borrower shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Development. Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Very Low Income Units. Borrower shall not implement any rent increases for Existing Tenants upon acquisition of the Development without the approval of the County. Any Existing Tenant lawfully residing in the Development as of the date of this Agreement is entitled to remain a resident of the Development if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non- qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent such Unit to a Very Low Income Household, as necessary to meet the provisions of this Section.
Existing Tenants. For existing tenants, OWNER will provide AGENT with a copy of any lease and a set of keys to the Property and will notify the tenant that AGENT is authorized to act on behalf of the OWNER.
Existing Tenants. Borrower shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Development. Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Extremely Low Income Units, Very Low Income Units, and Forty Percent Income Units. Borrower shall not implement any rent increases for Existing Tenants upon acquisition of the Development without the approval of the County. Any Existing Tenant lawfully residing in the Development as of the date of this Agreement is entitled to remain a resident of the Development if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non-qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent such Unit to an Extremely Low Income Household, Very Low Income Household, or Forty Percent Income Household, as necessary to meet the provisions of this Section.
Existing Tenants. 52.01 A. Notwithstanding anything to the contrary contained in this Lease, Tenant acknowledges that it has been informed by Landlord that the Premises are presently occupied by two (2) existing tenants of the Building (the “Existing Tenants”), under separate lease agreements for Suite 1700 and Suite 1700B, respectively (the “Existing Leases”). Tenant further acknowledges that it has been informed by Landlord that each of the Existing Tenants has advised Landlord that it may be willing to vacate and surrender to Landlord possession of the Premises prior to the Commencement Date. Landlord and Tenant agree that if either or the both of the Existing Tenants do not vacate their respective portions of the Premises on or before the Commencement Date and, as a result, Landlord shall be unable to deliver possession of the entire Premises to Tenant as required by the terms of this Lease (it being understood and agreed that Landlord shall not deliver, and Tenant shall not accept, possession of less than the entire Premises), then (i) Landlord shall not be subject to any liability for such failure (provided, however, that Tenant shall have such remedies as are otherwise expressly provided for in this Article), (ii) this Lease shall remain in full force and effect without extension of the Term, however, Tenant’s obligation to pay Fixed Annual Rent and Additional Rent hereunder shall not commence and any rent credits or abatements to which Tenant is entitled under this Lease shall be similarly delayed, until possession of the Premises is delivered to Tenant in the condition required by this Lease, and (iii) Landlord shall promptly commence and diligently prosecute to completion the appropriate summary proceedings, as appropriate, in order to evict those Existing Tenants holding over in the Premises and to recover lawful possession thereof. In such event, upon Landlord’s recovery of actual and lawful possession of the Premises, Landlord shall furnish Tenant with prompt notice thereof and deliver possession to Tenant in the condition required by this Lease promptly thereafter. Except to the extent otherwise provided for by express terms located elsewhere in this Lease, Tenant expressly waives any right to rescind this Agreement under Section 223-a of the New York Real Property Law or under any present or future statute of similar import then in force and further expressly waives the right to recover any damages, direct or indirect, which may result from Landlord’s failure...
Existing Tenants. Company will allow Tenants with existing Security Deposits to apply for the Electronic Deposit Return Service.
Existing Tenants. Borrower shall provide the County a written report of the income and rent amount of the Existing Tenants within thirty (30) days of acquisition of the Residence. Borrower may not increase Existing Tenants’ rent upon completion of the Rehabilitation without the approval of the County. Any Existing Tenant lawfully residing in the Residence as of the date of this Agreement is entitled to remain a resident of the Residence, even if the Tenant does not meet the income criteria of this Section 2.1. If and when a non-qualifying Existing Tenant voluntarily vacates the Residence, Borrower shall rent the Residence to a Low Income Household to satisfy the terms of this Section of this Agreement.
Existing Tenants. Grantee shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Property. Any Existing Tenant lawfully residing in the Property as of the date of this Agreement is entitled to remain a resident of the Property if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non-qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent, or cause such Unit to be rented, to a Very Low- Income Household that is MHSA Eligible as necessary to meet the provisions of this Section 2.1.
Existing Tenants. If Property Manager, more than one time per year, without the prior written consent of Owner, (a) discusses with an existing tenant of the Property the possibility of the tenant leasing space in another building owned, managed or operated by Property Manager or an Affiliate of Property Manager within a three-mile radius of the Property without giving Owner 10 days' prior notice of Property Manager's intention to hold such discussions, or (b) makes a specific lease proposal to the tenant with respect to leasing space in any such other building without providing Owner with a reasonable prior opportunity to make a competing proposal to the tenant with respect to keeping the tenant in the Property, whether or not the tenant becomes a tenant of such other building, except in the case where Property Manager or an Affiliate of Property manager has a written tenant representation letter from the tenant;
Existing Tenants. All or portions of the Property have been leased by Seller to various Tenants. Attached hereto as Exhibit D and incorporated herein by reference is a list of such Tenants, which list includes the termination date of each Lease, the rent payable thereunder, any renewal options, and the security deposit, if any, posted by each Tenant, as of the date of this Agreement. From and after the date of execution of this Agreement until the Close of Escrow, Seller agrees that it will continue to perform all of its obligations as landlord under all such Leases and that it will not enter into any new Leases or amend, terminate or accept the surrender of any existing tenancies or approve any subleases without the prior consent of Buyer. Further, Seller shall maintain the Property in condition at least as good as at the time of Buyer's inspection as provided hereunder, and shall not without first obtaining the written consent of Buyer enter into any contracts or agreements, or permit any Tenants to enter into any contracts or agreements pertaining to the Property which require the consent of Seller unless those contracts can be terminated without penalty on thirty (30) days' notice. Through Close of Escrow, Seller shall maintain in full force and effect "All Risk" property insurance in the amount of at least ninety per cent (90%) of replacement value of the Property covering the Property without deduction for physical depreciation, but excluding foundations and footings.
Existing Tenants. Any existing tenant of a Unit at the time the Property is acquired by the Owner may continue to rent such Unit for the remainder of the tenant’s lease term.
