Landlord Interest Clause Samples

The 'Landlord Interest' clause defines the landlord's rights and stake in the leased property, typically clarifying the extent of their ownership and authority during the lease term. This clause may specify the landlord's ability to assign their interest, use the property as collateral, or transfer ownership, while ensuring that the tenant's rights under the lease remain protected. Its core function is to delineate the landlord's legal and financial interests, thereby preventing disputes and ensuring both parties understand the boundaries of the landlord's authority and obligations.
Landlord Interest. As mentioned earlier, the Sublessee will not hold a legal agreement to live on the premises with the Property Owner or Landlord. The Sublessor’s master lease (held with the Property Owner or Landlord) will usually state if subletting is allowed or not. The ninth article shall handle this by requiring you to define if the master lease allows the Sublessor to sublet or sublease the premises, does not allow subletting but Landlord permission has been granted or is not allowed but the intention to ask the Landlord to approve this sublease when it is completed will be carried out. Produce this definition by selecting one of the checkbox definitions presented. XVIII. Additional Terms And Conditions (17)
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Landlord Interest. The Landlord represents and warrants to the Tenant that as of the date hereof: (a) the Landlord owns and holds fee title in and to the Complex and the Leased Premises enabling the Landlord to enter into an enforceable lease with the Tenant on the terms and conditions contained herein; (b) the real property identified in Schedule “B” contains the Leased Premises; and (c) the Landlord is unaware of any impending expropriation plans, proposed assessments or other adverse conditions relating to the Lands. The Landlord will indemnify and hold the Tenant harmless if any of the foregoing representations and warranties proves to be untrue.
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Landlord Interest. As mentioned earlier, the Sublessee will not hold a legal agreement to live on the premises with the Property Owner or Landlord. The Sublessor’s master lease (held with the Property Owner or Landlord) will usually state if subletting is allowed or not.
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Landlord Interest. All of the obligations of Landlord under the Prime Lease shall inure to the benefit of Subtenant. Rent (7)
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Landlord Interest. V. After viewing “like- properties” the tenant may be able to get an idea of what to make for the asking price. Select the appropriate checkbox statement to solidify this status. Step 6 – Add Addendums and Disclosures The following should be added to the sublease agreement: Disclosures – Most States have required disclosures that inform any new tenant of things to look for in a new lease. IX. II. Download: Adobe PDF, MS Word, OpenDocument How to Sublet an Apartment (7 steps) The original lease is needed to be found in order to view the tenant’s rights in regard to subletting the Premises. A sublease agreement is a document between a tenant that agrees to rent the same property to someone else (subtenant).
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Related to Landlord Interest

  • Payment By Landlord; Interest Upon a Default by Tenant hereunder, Landlord may, without waiving or releasing any obligation of Tenant hereunder, make such payment or perform such act. All sums so paid or incurred by Landlord, together with interest thereon, from the date such sums were paid or incurred, at the annual rate equal to 12% per annum or the highest rate permitted by law (the “Default Rate”), whichever is less, shall be payable to Landlord on demand as Additional Rent. Nothing herein shall be construed to create or impose a duty on Landlord to mitigate any damages resulting from Tenant’s Default hereunder.

  • Landlord’s Fees Whenever Tenant requests Landlord to take any action not required of it hereunder or give any consent required or permitted under this Lease, Tenant will reimburse Landlord for Landlord’s reasonable, out-of-pocket costs payable to third parties and incurred by Landlord in reviewing the proposed action or consent, including reasonable attorneys’, engineers’ or architects’ fees, within thirty (30) days after Landlord’s delivery to Tenant of a statement of such costs. Tenant will be obligated to make such reimbursement without regard to whether Landlord consents to any such proposed action.

  • Rent Except for delinquent rent, all rent under the Company's Leases and other income attributable to the Property shall be apportioned on a per diem basis as of midnight on the date immediately preceding the Closing. All such rent and other income, including commissions earned, for the period preceding the Closing shall be deemed to be property of the applicable Contributors, and all rent and other income for any period commencing as of the Closing and thereafter shall be the property of BNP for the purpose of making the adjustments set forth herein. Amounts owed under this paragraph shall be paid to the party to whom they are owed in cash at the Closing or during the Post-Closing Adjustment Period. Delinquent rent shall not be prorated, but shall be deemed the property of the Contributors. Payments received by BNP from tenants of the Property from and after the Closing with respect to the Property shall be applied first to rents and other amounts then due BNP from such tenant and then to such tenant's delinquent rent as of the time of apportionment. BNP shall use reasonable efforts to collect delinquent rents for the benefit of the Contributors but in no event shall be obligated to evict or ▇▇▇ any tenants in order to collect such rents and shall cooperate with the Contributors in the collection of any delinquent amounts; provided, however, that the Contributors shall not have any rights to evict such tenants for such delinquent amounts. Any amounts received by Contributors on account of rent or other income for the period after the Closing with respect to the Property and the related personal property shall be turned over to BNP for application in accordance with the terms of this paragraph. All accounts receivable, notes, cash and bank accounts of the Company existing as of the Closing Date shall be transferred at Closing to the appropriate Contributors, other than the remaining balance of any escrow accounts for tenant improvements and lease commissions held by the Company, the amount necessary to pay prorations of taxes, security deposits and amounts which belong to BNP after making the closing adjustments for rent and operating expenses.

  • LANDLORD'S LIEN To secure the payment of all Fixed Minimum Rent, and Additional Rent reserved herein, and all other payments due Landlord hereunder, or to become due hereunder and the faithful performance of all covenants, agreements and stipulations herein contained to be performed by Tenant, Tenant hereby grants to Landlord an express first and prior contract lien and security interest on all property (including fixtures, equipment, inventory, goods, wares, furniture, office equipment, supplies and merchandise) which may be placed in the Leased Premises, and also upon all proceeds of any insurance which may accrue to Tenant by reason of destruction of or damage to any such property. All exemption laws are hereby waived by Tenant in favor of said lien and security interest. This lien and security interest is given in addition to the Landlord's statutory lien and shall be cumulative thereof. Tenant shall not remove any property from the Leased Premises until all of Tenant's obligations under this Lease are satisfied. This lien may be foreclosed with or without court proceedings by public or private sale, provided Landlord gives Tenant at least ten (10) days notice of the time, place and terms of said sale, and Landlord shall have the right to become the purchaser of such property, upon being the highest bidder therefor at said sale. The notice referred to in the preceding sentence may (but needs not) be given by Landlord to Tenant contemporaneously with any other notice from Landlord to Tenant which may be given in accordance herewith. At the time of the execution of this Lease, and if requested thereafter by Landlord, Tenant shall execute and deliver to Landlord financing statement instruments in form deemed sufficient by Landlord to reflect the security interest herein granted and any proper amendment of, assignment of, modification in or extension of the aforesaid contract lien and security interest hereby granted. Tenant hereby grants to Landlord a power of attorney to sign, in place and stead of Tenant, any and all such instruments. Said power of attorney is irrevocable and coupled with an interest. Landlord shall, in addition to all of its rights hereunder, have all of the rights and remedies of a secured party under the Texas Business and Commerce Code.

  • Additional Rental (a) For purposes of this Lease, "Tenant's Forecast Additional Rental" shall mean Landlord's reasonable estimate of Tenant's Additional Rental for the coming calendar year or portion thereof. If at any time it appears to Landlord that Tenant's Additional Rental for the current calendar year will vary from Landlord's estimate by more than five percent (5%), Landlord shall have the right to revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate of Tenant's Additional Rental. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amount of Tenant's Additional Rental. Prior to the Rental Commencement Date and thereafter prior to the beginning of each calendar year during the Lease Term, including any extensions thereof, Landlord shall present to Tenant a statement of Tenant's Forecast Additional Rental for such calendar year; provided, however, that if such statement is not given prior to the beginning of any calendar year as aforesaid, Tenant shall continue to pay during the next ensuing calendar year on the basis of the amount of Tenant's Forecast Additional Rental payable during the calendar year just ended until the month after such statement is delivered to Tenant.