Common use of Landlord’s Personal Property Clause in Contracts

Landlord’s Personal Property. If Landlord has provided any Landlord's Personal Property with respect to the Facility, Tenant shall maintain such property in the same manner as Tenant maintains Tenant's Personal Property. Upon the loss, destruction, or obsolescence of any of the Landlord's Personal Property, Tenant shall replace such property with Tenant's Personal Property, which such property shall be owned by Tenant but which shall nevertheless be deemed to be Landlord's Personal Property for purposes of this Article VI.

Appears in 3 contracts

Samples: Sublease Agreement (Eldertrust), Lease Agreement (Eldertrust), Lease Agreement (Eldertrust)

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Landlord’s Personal Property. If Landlord has provided any Tenant shall maintain Landlord's Personal Property with respect to the Facility, Tenant shall maintain such property in the same manner as Tenant maintains Tenant's Personal Property. Upon the loss, destruction, or obsolescence of any of the Landlord's Personal Property, Tenant shall shall, to the extent such replacement is necessary to operate the Facility in compliance with all applicable Legal Requirements or Insurance Requirements or otherwise in accordance with the standards set forth in this Lease, replace such property with Tenant's Personal Property, which such property Personal Property shall be owned by Tenant but which shall nevertheless be deemed to be Landlord's Personal Property for purposes of this Article VITenant.

Appears in 1 contract

Samples: Lease ( (Presidio Golf Trust)

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