Common use of Lease Information Clause in Contracts

Lease Information. Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 490 tenant(s)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 491 deposits paid by tenant(s) or occupant(s)(“Estoppel Letter(s)”). If Seller is unable to obtain such Estoppel Letter(s), 492 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller’s affidavit, 493 and Buyer may thereafter contact tenant(s) or occupant(s) to confirm such information. If Estoppel Letter(s) or 494 Seller’s affidavit, if any, differ materially from Seller’s representations and lease(s) provided pursuant to Paragraph 495 6, or if tenant(s)/occupant(s) fail or refuse to confirm Seller’s affidavit, Buyer may deliver written notice to Seller 496 within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating this ________ ________ ________ ________ _ _ _ _ _ _ Buyer’s Initials Page 9 of 13 Seller’s Initials _ STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 497 Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations under 498 this Contract. Seller shall, at Closing, deliver and assign all leases to Buyer who shall assume Seller’s obligations 499 thereunder. 500 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting (i) to the absence of any financing 501 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 502 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been 503 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 504 general contractors, subcontractors, suppliers and materialmen in addition to Seller’s lien affidavit setting forth 505 names of all such general contractors, subcontractors, suppliers and materialmen, further affirming that all charges 506 for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been 507 paid or will be paid at Closing.

Lease Information. Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 490 tenant(s)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 491 deposits paid by tenant(s) or occupant(s)(“Estoppel Letter(s)”). If Seller is unable to obtain such Estoppel Letter(s), 492 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller’s affidavit, 493 and Buyer Xxxxx may thereafter contact tenant(s) or occupant(s) to confirm such information. If Estoppel Letter(s) or 494 Seller’s affidavit, if any, differ materially from Seller’s representations and lease(s) provided pursuant to Paragraph 495 6, or if tenant(s)/occupant(s) fail or refuse to confirm SellerXxxxxx’s affidavit, Buyer Xxxxx may deliver written notice to Seller 496 within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating this ________ ________ ________ ________ _ _ _ _ _ _ Buyer’s Initials Page 9 of 13 Seller’s Initials _ STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 497 Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations under 498 this Contract. Seller shall, at Closing, deliver and assign all leases to Buyer who shall assume Seller’s obligations 499 thereunder. 500 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting (i) to the absence of any financing 501 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 502 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been 503 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 504 general contractors, subcontractors, suppliers and materialmen in addition to Seller’s lien affidavit setting forth 505 names of all such general contractors, subcontractors, suppliers and materialmen, further affirming that all charges 506 for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been 507 paid or will be paid at Closing.

Lease Information. Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 490 tenant(s)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 491 deposits paid by tenant(s) or occupant(s)(“Estoppel Letter(s)”). If Seller is unable to obtain such Estoppel Letter(s), 492 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller’s affidavit, 493 and Buyer may thereafter contact tenant(s) or occupant(s) to confirm such information. If Estoppel Letter(s) or 494 Seller’s affidavit, if any, differ materially from Seller’s representations and lease(s) provided pursuant to Paragraph 495 6, or if tenant(s)/occupant(s) fail or refuse to confirm Seller’s affidavit, Buyer may deliver written notice to Seller 496 within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating this ________ ________ ________ ________ _ _ _ _ _ _ Buyer’s Initials Page 9 of 13 Seller’s Initials _ STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 497 Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations under 498 this Contract. Seller shall, at Closing, deliver and assign all leases to Buyer who shall assume Seller’s obligations 499 thereunder. 500 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting (i) to the absence of any financing 501 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 502 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been 503 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 504 general contractors, subcontractors, suppliers and materialmen in addition to Seller’s lien affidavit setting forth 505 names of all such general contractors, subcontractors, suppliers and materialmen, further affirming that all charges 506 for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been 507 paid or will be paid at Closing.

Lease Information. Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 490 tenant(s)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 491 deposits paid by tenant(s) or occupant(s)(“Estoppel Letter(s)”). If Seller is unable to obtain such Estoppel Letter(s), 492 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller’s affidavit, 493 and Buyer Xxxxx may thereafter contact tenant(s) or occupant(s) to confirm such information. If Estoppel Letter(s) or 494 Seller’s affidavit, if any, differ materially from Seller’s representations and lease(s) provided pursuant to Paragraph 495 6, or if tenant(s)/occupant(s) fail or refuse to confirm SellerXxxxxx’s affidavit, Buyer Xxxxx may deliver written notice to Seller 496 within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating this ________ ________ ________ ________ _ _ _ _ _ _ Buyer’s Initials Page 9 of 13 Seller’s Initials _ STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 497 Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations under 498 this Contract. Seller shall, at Closing, deliver and assign all leases to Buyer who shall assume Seller’s obligations 499 thereunder. 500 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting (i) to the absence of any financing 501 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 502 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been 503 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 504 general contractors, subcontractors, suppliers and materialmen in addition to Seller’s lien affidavit setting forth 505 names of all such general contractors, subcontractors, suppliers and materialmen, further affirming that all charges 506 for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been 507 paid or will be paid at Closing.