Common use of Ownership of the Leased Property Clause in Contracts

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 110 contracts

Samples: Hotel Lease Agreement (Moody National REIT II, Inc.), Master Lease Agreement, Hotel Lease Agreement (Moody National REIT II, Inc.)

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Ownership of the Leased Property. The Lessee acknowledges that the Leased Property is the property of the Lessor and that the Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 9 contracts

Samples: Facility Lease Agreement (Alternative Living Services Inc), Development and Turnkey Services Agreement (Standish Care Co), Development Agreement (Standish Care Co)

Ownership of the Leased Property. Lessee acknowledges and agrees that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Lessee acknowledges and agrees that this Lease does not grant an option or any other type of right to purchase the Leased Property from Lessor and that any such purchase by Lessee must be separately negotiated and documented.

Appears in 9 contracts

Samples: Master Lease Agreement (Assisted Living Concepts Inc), Lease (Alterra Healthcare Corp), Master Lease Agreement (Assisted Living Concepts Inc)

Ownership of the Leased Property. Lessee acknowledges and agrees that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 9 contracts

Samples: Lease (Assisted Living Concepts Inc), Lease (Tesseract Group Inc), Lease (Sterling House Corp)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 8 contracts

Samples: Lease Agreement (Advocat Inc), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property only upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility, Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the condition required by Section 9.1.4.

Appears in 6 contracts

Samples: Master Lease and Security Agreement (Brookdale Senior Living Inc.), Master Lease and Security Agreement (Brookdale Senior Living Inc.), Master Lease and Security Agreement (Hcp, Inc.)

Ownership of the Leased Property. The Lessee acknowledges that the Leased Property is the property of the Lessor and that that, subject to the Permitted Encumbrances, the Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 5 contracts

Samples: Facility Lease Agreement (Carematrix Corp), 102 Facility Lease Agreement (Carematrix Corp), 103 Facility Lease Agreement (Carematrix Corp)

Ownership of the Leased Property. Lessee acknowledges that the Leased -------------------------------- Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 4 contracts

Samples: Lease Agreement (Humphrey Hospitality Trust Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc), Master Lease Agreement (Jameson Inns Inc)

Ownership of the Leased Property. Lessee acknowledges that the -------------------------------- Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 4 contracts

Samples: Lease Agreement (American General Hospitality Corp), Lease Agreement (Boston Properties Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon and subject to the terms terms, provisions and conditions of this Lease.

Appears in 3 contracts

Samples: Master Lease Agreement (Adeptus Health Inc.), Master Funding and Development Agreement (Adeptus Health Inc.), Master Funding and Development Agreement (Adeptus Health Inc.)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Lessee shall, at its expense, restore the Leased Property to the condition required by Section 9.1.4.

Appears in 3 contracts

Samples: Emeritus Corp\wa\, Balanced Care Corp, Integrated Living Communities Inc

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the conditions required by Sections 9.1.1 and 9.1.4.

Appears in 2 contracts

Samples: Master Lease Agreement, Master Lease (Capital Senior Living Corp)

Ownership of the Leased Property. Lessee acknowledges and Lessor agree that the Leased Property (and upon completion, all additions, alterations and improvements thereto) is the property of Lessor and that Lessee has only the right to the possession exclusive possession, control, and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 2 contracts

Samples: Lease (Gc Net Lease Reit, Inc.), Lease (Ekco Group Inc /De/)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property only upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the condition required by Section 9.1.4.

Appears in 2 contracts

Samples: Master Lease and Security Agreement (Hcp, Inc.), Master Lease and Security Agreement (Hcp, Inc.)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property as a lessee of Lessor and upon and subject to the terms terms, provisions and conditions of this Lease.

Appears in 2 contracts

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.), Master Lease Agreement (MPT Operating Partnership, L.P.)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor or the Ground Lessors under the Ground Leases and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 2 contracts

Samples: Percentage Lease Agreement (Boykin Lodging Co), Percentage Lease Agreement (Red Lion Inns Limited Partnership)

Ownership of the Leased Property. Lessee acknowledges and agrees that the Leased Property is the property of Master Lessor and that Lessee has only the rights granted hereunder to Lessor under the Master Leases, which Lessor has in turn granted to Lessee hereunder. Lessee acknowledges and agrees that this Lease does not grant an option or any other type of right to the possession and use of purchase the Leased Property upon the terms from Master Lessor (or Lessor) and conditions of this Leasethat any such purchase by Lessee must be separately negotiated and documented.

Appears in 2 contracts

Samples: Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Brookdale Senior Living Inc.)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the condition required by Section 9.1.4.

Appears in 1 contract

Samples: Master Lease (Emeritus Corp\wa\)

Ownership of the Leased Property. Lessee acknowledges and agrees that the Leased Property is the property of Lessor or Lessor has a leasehold interest in the Leased Property such that it is entitled to enter into this Lease, and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Lessee acknowledges and agrees that this Lease does not grant an option or any other type of right to purchase the Leased Property from Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only a leasehold estate in the Leased Property which includes the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease Lessee shall, at its expense, repair and restore the Leased Property to the condition required by Section 9.1.4.

Appears in 1 contract

Samples: Centennial Healthcare Corp

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this LeaseMaster Lease Document.

Appears in 1 contract

Samples: Master Lease Document General Terms And (Universal Health Realty Income Trust)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the rights, granted hereunder and as provided by law, including without limitation, the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. If upon expiration of the Term, the Leased Property does not comply with Section 9.1.4., Lessee shall, to the extent required by such Section at its expense, restore the Leased Property to the condition specified therein.

Appears in 1 contract

Samples: Lease Agreement (Sunlink Health Systems Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Master Lease.

Appears in 1 contract

Samples: Master Lease Agreement (Winston Hotels Inc)

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Ownership of the Leased Property. Lessee acknowledges that the Leased Property of each Facility is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property of each such Facility upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Kindred Healthcare Inc

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is will, subject to the closing of the Contract of Purchase and Sale, be the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Host Funding Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased --------------------------------- Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use anduse of the Leased Property only upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility, Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the condition required by Section 9.1.4.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Brookdale Senior Living Inc.)

Ownership of the Leased Property. Lessee acknowledges that the --------------------------------- Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Hotel Lease Agreement (Apple Suites Inc)

Ownership of the Leased Property. Lessee acknowledges that the Lessor owns the Land, that upon the construction of the Leased Property is Improvements, the property Lessor will own all of Lessor the Leased Property, and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Medical Properties Trust Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.. Upon the expiration or earlier termination of this Lease with respect to any Facility Lessee shall, at its expense, restore the Leased Property relating to such Facility to the condition required by Section 9.1.4. 6.2

Appears in 1 contract

Samples: Master Lease (Emeritus Corp\wa\)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease with respect to any Facility Lessee shall, at its expense, repair and restore the Leased Property relating to such Facility to the condition required by Section 9.14.

Appears in 1 contract

Samples: Master Lease (Ensign Group, Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Upon the expiration or earlier termination of this Lease Lessee shall, at its expense, repair and restore the Leased Property to the conditions required by Sections 9.1.1 and 9.1.4.

Appears in 1 contract

Samples: Lease (Capital Senior Living Corp)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. 5.2 .

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor (except for the Parking Lot Property with respect to which Lessor holds a leasehold interest pursuant to the Parking Lot Lease), and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease and the Parking Lot Lease.

Appears in 1 contract

Samples: Lease Agreement (Medical Properties Trust Inc)

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease. Lessee shall, at its expense, restore the Leased Property to the condition required by Section 9.1.4. 48.

Appears in 1 contract

Samples: Emeritus Corp\wa\

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property as a lessee of Lessor and upon and subject to the terms terms, provisions and conditions of this Lease, the Shasta Ground Lease and the Existing Subleases.

Appears in 1 contract

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.)

Ownership of the Leased Property. Lessee acknowledges and agrees that the Leased Property is the property of Lessor (subject to the rights of the ground lessors under the Ground Leases) and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions of this Lease.

Appears in 1 contract

Samples: Lease And (LTC Healthcare Inc)

Ownership of the Leased Property. Except for federal, state and local income tax purposes with respect to which Lessee has been and shall continue to be deemed the owner of the Leased Property, Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property as a lessee of Lessor and upon and subject to the terms terms, provisions and conditions of this LeaseLease and the Existing Subleases.

Appears in 1 contract

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.)

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