LEASEHOLDER'S COVENANTS Sample Clauses

The Leaseholder's Covenants clause sets out the specific obligations and promises that the leaseholder must fulfill under the terms of the lease. These typically include requirements such as paying rent on time, maintaining the property in good condition, and complying with any restrictions on use or alterations. For example, the leaseholder may be required to obtain the landlord's consent before making structural changes or to ensure that the property is not used for prohibited activities. The core function of this clause is to clearly define the leaseholder's responsibilities, thereby reducing the risk of disputes and ensuring that both parties understand their respective duties during the lease term.