Common use of Ownership of the Property Clause in Contracts

Ownership of the Property. I am the owner of the Property (or I have an equitable interest in the Property) and I am able to enter into any agreements for the Property's lease and option and potential sale. I also acknowledge that all payments on The Property are in good standing, and that I will continue to make all payments on time to the mortgage company. I also understand that the Tenant/Optionee and or its assigns have the right at any time during the term of the Agreement to obtain verification from me that all payments are in fact current this may include but not limited to mortgage statements or receipt of payments to the mortgage company. I also acknowledge that the property is not currently involved in bankruptcy or probate.

Appears in 2 contracts

Samples: Lease With Option to Purchase, Lease With Option to Purchase

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Ownership of the Property. I am the owner of the Property (or I have an equitable interest in the Property) and I am able to enter into any agreements for the Property's ’s lease and option and potential sale. I also acknowledge that all payments on The Property are in good standing, and that I will continue to make all payments on time to the mortgage company. I also understand that the Tenant/Optionee and or its assigns have the right at any time during the term of the Agreement to obtain verification from me that all payments are in fact current this current. This may include but not limited to mortgage statements or receipt of payments to the mortgage company. I also acknowledge that the property is not currently involved in bankruptcy or probate, and that I am prohibited from including the property in bankruptcy during the term of the Agreement.

Appears in 2 contracts

Samples: Lease With Option to Purchase, Lease With Option to Purchase

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Ownership of the Property. I am the owner of the Property (or I have an equitable interest in the Property) and I am able to enter into any agreements for the Property's lease and option and potential sale. I also acknowledge that all payments on The Property are in good standing, and that I will continue to make all payments on time to the mortgage company. I also understand that the Tenant/Optionee and or its assigns have the right at any time during the term of the Agreement to obtain verification from me that all payments are in fact current this may include but not limited to mortgage statements or receipt of payments to the mortgage company. I also acknowledge that the property is not currently involved in bankruptcy or probate, and that I am prohibited from including the property in bankruptcy during the term of the Agreement.

Appears in 1 contract

Samples: Lease With Option to Purchase

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