General Lease Terms Clause Samples
The 'General Lease Terms' clause sets out the fundamental conditions and rules that govern the overall lease agreement between the landlord and tenant. This section typically covers essential topics such as payment schedules, duration of the lease, maintenance responsibilities, and procedures for renewal or termination. By establishing these baseline terms, the clause ensures both parties have a clear understanding of their rights and obligations, thereby reducing the risk of disputes and providing a framework for the lease relationship.
General Lease Terms. 1.1. We agree to grant you a long term right to exclusively occupy the Property and House by way of a lease of the Property (including the House) to you for 100 years from the Start Date on the terms set out in this Agreement.
1.2. You and your family can live at the Property without interference from us provided you comply with this Agreement.
1.3. The Property can only be used as your family home.
1.4. You may not rent out nor part with any part of the Property (including on a night by night basis) for more than 28 days per annum, unless approved by us.
1.5. If both of you die then we may implement clause 9 below.
1.6. If you separate then we may implement clause 9 below.
1.7. We can inspect the Property at any time provided we give you 48 hours advance warning. In the case of an emergency we can inspect the Property without advance notice.
1.8. We may engage a Related Party or its nominee to manage the Property and our rights under this Agreement on our behalf.
1.9. If we have reason to believe or suspect that there may be illegal substances manufactured or used on the Property then we have the right to arrange for a property inspection or testing with 24 hours’ notice to you. If that inspection shows illegal substances then we may implement clause 9.1 below.
1.10. The Residential Tenancies Act 1986 does not apply to this Agreement or your occupancy of the Property by virtue of Section 5(1)(x) of that Act.
1.11. For clarity, we acknowledge that your rights under this Agreement constitute an “estate in land” for the purposes of the KiwiSaver scheme rules in Schedule 1 of the ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ as at the date of this Agreement.
General Lease Terms. 1.1. We agree to grant you a long term right to exclusively occupy the Property by way of a lease of the Property (including the House) to you for 100 years from the Start Date on the terms set out in this Agreement.
1.2. You and your family can live at the Property without interference from us provided you comply with this Agreement.
1.3. The Property can only be used as your family home.
1.4. You may not rent out nor part with any part of the Property (including on a night by night basis) for more than 28 days per annum, unless approved by us.
1.5. If both of you die then we may implement clause 9 below.
1.6. If you separate then we may implement clause 9 below.
1.7. We can inspect the Property at any time provided we give you 48 hours advance warning. In the case of an emergency we can inspect the Property without advance notice.
1.8. We may engage the Queenstown Lakes Community Housing Trust or its nominee to manage the Property and our rights under this Agreement on our behalf.
1.9. If we have reason to believe or suspect that there may be illegal substances manufactured or used on the Property then we have the right to arrange for a property inspection or testing with 24 hours’ notice to you. If that inspection shows illegal substances then we may implement clause 9.1 below.
1.10. We both agree that the Residential Tenancies Act 1986 does not apply to this Agreement or your occupancy of the Property.
General Lease Terms. The minimum lease term is one (1) month. The lease term can be continued by the Client informing Napa Ltd in writing.
General Lease Terms. As the Parties enter into the exclusive negotiations, the Parties desire that the lease include the following general provisions; provided, the actual language of each provision is subject to further negotiation, and most material terms and provisions of the
a. Project Partners shall commence construction of the Peace Village no later than one (1) year after the execution of the lease agreement and shall complete construction of the Peace Village within seven (7) years after execution of lease. Project Partners shall not commence construction of the Peace Village unless and until they have demonstrated, to the City’s Finance Manager’s reasonable satisfaction prior to expiration of the year within which Project Partners are to commence construction, that they have all of the funds necessary to design and construct, at a minimum, the Primary Component (adobe rehabilitation, site infrastructure and public park construction), as well as operate for at least two (2) years after completion of construction, plus a 15% contingency, available in cash or approved financing (the “Required Funds”). Secondary component tiny house construction will commence within 3 years, and; Secondary component New Studio construction will commence within 5 years of lease agreement. If Project Partners do not timely demonstrate that they have the Required Funds, or if Project Partners fail to timely begin or timely complete construction of the Primary Component, Project Partners shall be in substantial default, and the lease shall automatically terminate unless City agrees otherwise in writing. Failure of Smart Share or Peace Project to complete either one or both of the Secondary Components will not place Project Partners in default. The Peace Village shall be deemed complete only upon issuance of a Certificate(s) of Occupancy.
b. Minimum 55-year term with the right of first refusal for additional lease years provided that the Project Partners are in good standing at the time of the renewal.
c. Rent of $1.00 per year provided Project Partners:
i. Are a California non-profit corporation in good standing; and
ii. Are a federal and state income tax exempt 501 (c)(3) entity; and use the Property solely as described herein, consistent with the RFI and other related City approved community uses.
iii. Project Partner’s failure to maintain their non-profit corporate status in good standing or its tax-exempt status under applicable state and federal law or to use the Property for any purpose...
General Lease Terms. 2.1 We grant you the right to exclusively occupy the Property by way of a lease of the Property (including the House) for 100 years from the Start Date, on the terms of this Agreement.
2.2 You and your family can live at the Property without interference from us provided you comply with this Agreement.
2.3 The Property can only be used as your family home for your and your immediate family.
2.4 You may not rent out nor part with any part of the Property (including on a night by night basis) for more than 28 days in a year, unless approved by us.
2.5 If both of you die then we may implement clause 10 below.
2.6 If you separate then we may implement clause 10 below.
2.7 We can inspect the Property at any time if we give you 48 hours’ advance warning. In the case of an emergency we can inspect the Property without any notice.
2.8 We may nominate someone else to manage the Property and our rights under this Agreement.
2.9 If we have reason to suspect that there may be illegal substances manufactured or used in the Property then we have the right to arrange for a property inspection or testing with 24 hours’ notice to you. If that inspection shows illegal substances then we may implement clause 10.1 below.
General Lease Terms. As the Parties enter into the exclusive negotiations, the Parties desire that the lease include the following general provisions; provided, the actual language of each provision is subject to further negotiation, and most material terms and provisions of the lease have not yet been discussed. The City shall not lease the land for minimal rent unless the lease is completely acceptable to the City and approved by the City Attorney. The following provisions serve as guidelines of the Parties’ general intent but nothing in this paragraph shall be interpreted as an agreement or offer to lease upon the terms, provisions or language set forth below.
a. Smart Share shall commence construction of the ▇▇▇▇▇▇▇▇ Village no later than one (1) year after the execution of the lease agreement and shall complete construction of the ▇▇▇▇▇▇▇▇ Village within seven (7) years after execution of lease. Smart Share shall not commence construction of the ▇▇▇▇▇▇▇▇ Village unless and until they have demonstrated, to the City’s Finance Manager’s reasonable satisfaction prior to expiration of the year within which Smart Share is to commence construction, that they have all of the funds necessary to design and construct, at a minimum, the adobe rehabilitation, tiny home installation, site infrastructure and public park feature construction, as well as operate for at least two (2) years after completion of construction, plus a 15% contingency, available in cash or approved financing (the “Required Funds”). If Smart Share does not timely demonstrate that they have the Required Funds, or if Smart Share fails to timely begin or timely complete construction of the project, Smart Share shall be in substantial default, and the lease shall automatically terminate unless City agrees otherwise in writing. The ▇▇▇▇▇▇▇▇ Village shall be deemed complete only upon issuance of a Certificate(s) of Occupancy.
b. Minimum 55-year term with the right of first refusal for additional lease years provided that Smart Share are in good standing at the time of the renewal.
c. Rent of $1.00 per year provided Smart Share:
i. Is a California non-profit corporation in good standing; and
ii. Are a federal and state income tax exempt 501 (c)(3) entity; and use the Property solely as described herein, consistent with the RFI and other related City approved community uses.
iii. Smart Share’s failure to maintain their non-profit corporate status in good standing or its tax-exempt status under applicable state and federa...
General Lease Terms. 2.1 We grant you the right to exclusively occupy the Property and House by way of a lease of the Property (including the House) for 100 years from the Start Date, on the terms of this Agreement.
2.2 You and your family can live at the Property without interference from us provided you comply with this Agreement.
2.3 You may not rent out nor part with any part of the Property (including on a night by night basis) for more than 28 days in a year, unless approved by us.
2.4 If both of you die then we may implement clause 10 below.
2.5 If you separate then we may implement clause 10 below.
2.6 We can inspect the Property at any time if we give you 48 hours’ advance warning. In the case of an emergency we can inspect the Property without any notice.
2.7 We may nominate someone else to manage the Property and our rights under this Agreement.
2.8 If we have reason to suspect that there may be illegal substances manufactured or used on the Property then we have the right to arrange for a property inspection or testing with 24 hours’ notice to you. If that inspection shows illegal substances then we may implement clause 10.1 below.
2.9 The Residential Tenancies Act 1986 does not apply to this Agreement or your occupancy of the Property by virtue of section 5(1)(x) of that Act.
2.10 We acknowledge that your rights under this Agreement constitute an “interest in land” for the purposes of the KiwiSaver rules as at the date of this Agreement.
General Lease Terms