Common use of LEASED ITEMS Clause in Contracts

LEASED ITEMS. Seller shall disclose in Paragraph 4(b) above all items on Property, including, but not limited to, any security systems, satellite dishes, or propane gas tanks, that are leased, rather than owned, by Seller. Purchaser may be able to assume any outstanding leases or may not be able to assume same. The assignment or assumption and payment terms are separate and apart from this Contract and must be entered into by separate agreement or addendum hereto after notice and approval by the improvement's lessor (the party who owns the leased item and is leasing it to Seller). However, Purchaser agrees to hold harmless agents and brokers from any liability as a result of the removal of said improvement by Seller when said improvement is being leased by Seller. The repair limitation set forth in Paragraph 10 hereof shall not apply to any repairs necessitated by such detachment or removal of leased items.

LEASED ITEMS. Seller shall disclose in Paragraph 4(b) above all items on Property, including, but not limited to, any security systems, satellite dishes, or propane gas tanks, that are leased, rather than owned, by Seller. Purchaser may be able to assume any outstanding leases or may not be able to assume same. The assignment or assumption and payment terms are separate and apart from this Contract and must be entered into by separate agreement or addendum hereto after notice and approval by the improvement's lessor (the party who owns the leased item and is leasing it to Seller). However, Purchaser Xxxxxxxxx agrees to hold harmless agents and brokers from any liability as a result of the removal of said improvement by Seller when said improvement is being leased by SellerXxxxxx. The repair limitation set forth in Paragraph 10 hereof shall not apply to any repairs necessitated by such detachment or removal of leased items.