New Hereditaments Sample Clauses

The 'New Hereditaments' clause defines how the lease or agreement will address any new property interests or rights that arise after the contract is signed. Typically, this clause specifies whether such newly created or acquired hereditaments—such as additional land, buildings, or rights—will automatically become subject to the terms of the existing agreement. For example, if a landlord acquires adjacent land that becomes part of the leased premises, this clause determines if the tenant gains any rights over it. Its core function is to ensure clarity and prevent disputes by preemptively addressing how unforeseen changes to the property are handled during the term of the agreement.
New Hereditaments. 8.1 If there are any new Hereditaments in the BID Area raised following the Operational Date the occupiers will be liable to pay a BID Levy based on the new rateable value applying to such Hereditaments. Where a new assessment is brought into the rating list, the BID Levy will apply from the effective date as shown in the rating list. 8.2 New Hereditaments which are identified in the Financial Year listed in the New Hereditaments Table will have a Bid Levy based on the Rating Value Date applicable to such Financial Year in the New Hereditaments Table based on the 201X rating value list. New Hereditaments Table Financial Year Rating Value Date 01.01.17 to 31.03.17 31.03.16 – 2010 Rating list 01.04.17 to 31.03.18 01.04.17 – 2017 Rating list 01.04.18 to 31.03.19 31.03.18 – 2017 Rating list 01.04.19 to 31.03.20 31.03.19 – 2017 Rating list 01.04.20 to 31.03.21 31.03.20 – 2017 Rating list 01.04.21 to 31.12.21 31.03.21 – 2017 Rating list
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New Hereditaments. 8.1 If there are any new Hereditaments in the BID Area raised following the Operational Date the occupiers will be liable to pay a BID Levy based on the new rateable value applying to such Hereditaments (provided that the exemptions under Paragraphs 2 and 4 will apply). Where a new assessment is brought into the rating list, the BID Levy will apply from the effective date as shown in the rating list. 8.2 New Hereditaments which are identified in the Financial Year listed in the New Hereditaments Table will have a Bid Levy based on the Rating Value Date applicable to such Financial Year in the New Hereditaments Table based on the 201X rating value list. New Hereditaments Table Financial Year Rating Value Date
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New Hereditaments. If there are any new Hereditaments in the BID 2 Area raised following the Operational Date the occupiers will be liable to pay a BID 2 Levy based on the new rateable value applying to such Hereditaments. Where a new assessment is brought into the rating list, the BID 2 Levy will apply from the effective date as shown in the applicable rating list.
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New Hereditaments. 7.1 If there are any new Hereditaments in the BID Area raised following the Operational Date the occupiers will be liable to pay a BID Levy based on the new rateable value applying to such Hereditaments (provided that the exemptions under Paragraphs 2 and 4 will apply). Do they pay a full year’s levy if they become liable to pay a levy towards the end of the year and will be paying again at the correct anniversary?
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Related to New Hereditaments

  • Appurtenances All rights, privileges and easements appurtenant to ------------- the Land, including, without limitation, all minerals, oil, gas and other hydrocarbon substances on and under the Land (to the extent owned by Seller) as well as all development rights, air rights, water, water rights and water stock relating to the Land and any other easements, rights-of-way or appurtenances, used in connection with the beneficial use and enjoyment of the Land (all of which are collectively referred to as the "APPURTENANCES");

  • Appurtenant Rights The Tenant shall have, as appurtenant to the Premises, the nonexclusive right to use in common with others, subject to reasonable rules of general applicability to occupants of the Building from time to time made by the Landlord of which the Tenant is given notice: (i) the entry, vestibules and main lobby of the Building, first floor mailroom, the common stairways, elevators, elevator ▇▇▇▇▇, boiler room, elevator rooms, sprinkler rooms, mechanical rooms, electric and telephone closets, janitor closets, loading docks and bays, rooftop mechanical penthouses and shafts to the extent they house Building equipment, and the pipes, sprinklers, ducts, conduits, wires and appurtenant fixtures and equipment serving the Premises in common with others, (ii) common walkways and driveways necessary or reasonably convenient for access to the Building, (iii) access to loading area and freight elevator subject to Rules and Regulations then in effect, and (iv) if the Premises at any time include less than the entire rentable floor area of any floor, the common toilets, corridors, vestibules, and elevator lobby of such floor. Tenant shall have 24 hour, seven day per week access to the Premises, freight loading docks and freight elevators, subject to the provisions of this Lease and interruption for External Causes, casualty and condemnation. Landlord shall provide Tenant with access cards for after-hours access. Additionally, the Tenant shall have, as appurtenant to the Premises (and exclusively for use in connection with the occupancy of the Premises), the nonexclusive right of access to and proportionate use of the roof for the purpose of installing and maintaining mechanical equipment, HVAC equipment, emergency generator, antennae and satellite dishes which, in each case, have been pre-approved by the Landlord pursuant to the terms of Article IV, subject however, to reasonable rules of general applicability to occupants of the Building from time to time made by the Landlord of which the Tenant is given notice and any applicable laws, but only to the extent that the Tenant has assumed responsibility for maintenance and repair of such equipment installed by Tenant.

  • Goods, Standards and Appurtenances Any Goods delivered must be standard new Goods, latest model, except as otherwise specifically stated in the Contract. Remanufactured, refurbished or reconditioned equipment may be accepted but only to the extent allowed under the Contract. Where the Contract does not specifically list or describe any parts or nominal appurtenances of equipment for the Goods, it shall be understood that the Contractor shall deliver such equipment and appurtenances as are usually provided with the manufacturer's stock model.

  • Easements All easements, rights-of-way or use, rights, strips and gores of land, streets, ways, alleys, passages, sewer rights, water, water courses, water rights and powers, air rights and development rights, and all estates, rights, titles, interests, privileges, liberties, servitudes, tenements, hereditaments and appurtenances of any nature whatsoever, in any way now or hereafter belonging, relating or pertaining to the Land and the Improvements and the reversion and reversions, remainder and remainders, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Land, to the center line thereof and all the estates, rights, titles, interests, dower and rights of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both at law and in equity, of Borrower of, in and to the Land and the Improvements and every part and parcel thereof, with the appurtenances thereto;

  • Amenities Amenities shall be prescribed as provided in Appendix F of this Agreement.