Lease Award Date Clause Samples
The Lease Award Date clause defines the specific date on which the lease agreement is considered officially granted or executed between the parties. This date typically marks the commencement of certain obligations, such as the tenant's right to occupy the premises or the start of rent payments, and may trigger other deadlines or conditions outlined in the lease. By clearly establishing when the lease becomes effective, this clause ensures both parties have a mutual understanding of their rights and responsibilities from a definitive point in time, thereby reducing ambiguity and potential disputes.
Lease Award Date. The date the RECO executes the Lease and mails or otherwise furnishes written notification of the executed Lease to the successful Offeror (date on which the parties’ obligations under the Lease begin).
Lease Award Date. The date the LCO executes the Lease and mails or otherwise furnishes written notification of the executed Lease to the successful Offeror (date on which the parties’ obligations under the Lease begin).
Lease Award Date. The Lease Award Date means the date of execution of the Lease by the LCO and the mailing or otherwise furnishing written notification of the executed Lease to the successful Offeror (and on which the parties’ obligations under the Lease begin).