Common use of Landlord/Tenant Relationship Clause in Contracts

Landlord/Tenant Relationship. The Member expressly agrees and understands that the relationship created by this Occupancy Agreement between the Cooperative Corporation and the member is that of landlord and tenant. The member does not acquire, by this agreement, any ownership interest whatsoever in the real property owned by the Cooperative. In the event of a breach or threatened breach by the member of any covenant, condition, or provision of this agreement, the Cooperative shall have available to it all legal and equitable remedies which are available to a landlord for such breach. The failure on the part of the Corporation to avail itself of any of the remedies given under this agreement shall not waive nor destroy the right of the Corporation to avail itself of such remedies for similar or other breaches on the part of the Member.

Landlord/Tenant Relationship. The Member expressly agrees and understands that the relationship created by this Occupancy Agreement between the Cooperative Corporation and the member Member is that of landlord and tenant. The member Member does not acquire, by this agreement, any ownership interest whatsoever in the real property owned by the Cooperative. In the event of a breach or threatened breach by the member Member of any covenant, condition, or provision of this agreement, the Cooperative shall have available to it all legal and equitable remedies which are available to a landlord for such breach. The failure on the part of the Corporation to avail itself of any of the remedies given under this agreement shall not waive nor destroy the right of the Corporation to avail itself of such remedies for similar or other breaches on the part of the Member.

Landlord/Tenant Relationship. The Member expressly agrees and understands that the relationship created by this Occupancy Agreement between the Cooperative Corporation corporation and the member Member is that of landlord and tenant. The member Member does not acquire, by this agreement, any ownership interest whatsoever in the real property owned by the Cooperative. In the event of a breach or threatened breach by the member Member of any covenant, condition, condition or provision of this agreement, the Cooperative shall have available to it all legal and equitable remedies which are available to a landlord for such breach. The failure on the part of the Corporation to avail itself of any of the remedies given under this agreement shall not waive nor destroy the right of the Corporation to avail itself of such remedies for similar or other breaches on the part of the Member.