Common use of Long-Term Lease or Rental Agreements Clause in Contracts

Long-Term Lease or Rental Agreements. Xxxxx agrees to accept title to the Property subject to any long-term tenant lease or rental agreements (meaning for periods of thirty (30) or more consecutive days) affecting the Property not expiring prior to Closing. Xxxxx also agrees to accept title to the Property subject to any existing rental and property management agreements affecting the Property not expiring prior to Closing. The provisions of this Section 6.1(a) shall survive Closing.

Long-Term Lease or Rental Agreements. Xxxxx agrees to accept title to the Property subject to any long-term tenant lease or rental agreements (meaning for periods of thirty (30) or more consecutive days) affecting the Property not expiring prior to Closing. Xxxxx also agrees to accept title to the Property subject to any existing rental and property management agreements affecting the Property not expiring prior to Page 2 of 6 Buyer's Initials Date 12/4/2018 Seller's Initials Date 12/6/2018 Closing. The provisions of this Section 6.1(a) shall survive Closing.