Common use of Failure of Tenant to Remove Property Clause in Contracts

Failure of Tenant to Remove Property. If Tenant fails to remove any of Tenant’s Property as required by Section 7.2 on or before the expiration or earlier termination of this Lease, Landlord may remove and store Tenant’s Property at the expense and risk of Tenant. Tenant shall pay Landlord, upon demand, the expenses and storage charges incurred. If Tenant fails to remove Tenant’s Property from the Premises or storage, within thirty (30) days after notice, Landlord may deem all or any part of Tenant’s Property to be abandoned and title to Tenant’s Property shall vest in Landlord.

Appears in 4 contracts

Samples: Office Lease (Ladenburg Thalmann Financial Services Inc), Warehouse Lease (Non Invasive Monitoring Systems Inc /Fl/), Office Lease (Opko Health, Inc.)

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Failure of Tenant to Remove Property. If Tenant fails to remove any of Tenant’s Property as required by Section 7.2 on or before the expiration or earlier termination of this Lease, Landlord may remove and store Tenant’s Property at the expense and risk of Tenant. Tenant shall pay Landlord, upon demand, the reasonable expenses and storage charges incurred. If Tenant fails to remove Tenant’s Property from the Premises or storage, within thirty (30) days after notice, Landlord may deem all or any part of Tenant’s Property to be abandoned and title to Tenant’s Property shall vest in Landlord.

Appears in 1 contract

Samples: Office Lease (Vector Group LTD)

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