Common use of PROPERTY & ITS USE Clause in Contracts

PROPERTY & ITS USE. 5.1 Declaration by Lessor. That the Lessor is the absolute and exclusive Legal and Lawful owner and occupier of the Demised Premises and its title to the Said Premises is clear and marketable. The Lessor has full right and absolute authority to give the Demised Premises on lease to the Lessee. 5.2 The said property shall be used by the Lessee only for residential purposes and the Lessee shall not carry out any business or commercial activity of any nature in the property. 5.3 The Lessee shall not sublet, assign or part with the possession of the aforesaid rented property in whole or in part, under any circumstances. 5.4 The Lessee shall use the said property as per byelaws of housing, municipal and other local authorities and shall comply with all rules and regulations of the local authorities and the housing complex. 5.5 The Lessee shall not affect any alterations or additions, whether structural or not, to the property without prior consent of the Lessor, which consent may be given/withheld at the discretion of the Lessor. 5.6 The Lessee shall not act, nor permit any act, in relation to the Premises which may be a source of annoyance or nuisance or cause damage or disturbance to the occupants of any neighboring premises or properties.