Ownership and Parties in Possession Sample Clauses

Ownership and Parties in Possession. Seller owns, or will obtain prior to Closing, marketable fee simple title to the Property. There are no parties in possession of any portion of the Property whether as lessees, tenants-at-sufferance, trespassers or otherwise, other than Seller. No other “person,” as such term is defined in Section 1.01(3), Florida Statutes, has any right, claim or interest in the Property or any portion thereof, arising out of adverse possession, prescriptive rights, or otherwise. Seller will convey to Buyer at Closing, marketable fee simple title to the Property, free and clear of any liens, mortgages, pledges, security interests, options, rights, leases, charges, claims, encumbrances or restrictions of any kind whatsoever, other than exceptions to title acceptable to Buyer in Buyer’s sole and absolute discretion or deemed acceptable to Buyer.