Property Status Clause Samples
Property Status. Subject to the Conditions of Title, and to the best of Seller’s knowledge and except as may be set forth in any of the documents provided to Buyer by Seller under Section 4.1(a), Seller hereby represents and warrants, that Seller has no knowledge and has not received written notice that: (x) any person or entity has a right of first refusal, right to purchase, to lease or to possess or occupy the Property; and, (y) there are no uncured breaches of the easements included in the Conditions of Title. To the best of Seller’s knowledge, Seller also hereby represents and warrants the following specifically with regard to the Lease: (i) any rent or additional rent due, owing and payable under the Lease has been paid in full and timely by Tenant; (ii) to the best of Seller’s knowledge, no breach exists on the part of Seller under the Lease; (iii) except as otherwise set forth in the letter of Seller to Tenant dated June 14, 2016, to the best of Seller’s knowledge, no breach exists on the part of Tenant under the Lease; (iv) there are no rights or options whatsoever to purchase or otherwise acquire the Property or any portion thereof under the Lease; and, (v) no person or firm other than Seller and Tenant are in possession of the Property. Nothing contained in the Deed shall limit the foregoing warranty;
Property Status. We will ensure the property is in good order and clean to a professional standard at the start of your tenancy.
Property Status. Receipt by LIMCO and ▇▇▇▇▇ of evidence reasonably acceptable to LIMCO and ▇▇▇▇▇, which may be in the form of a determination by the County of Ventura that the East Area 1 Land is a legal lot or a Certificate of Compliance with respect thereto from the County that conveyance of the East Area 1 Land to the Company will not violate the California Subdivision Map Act (California Government Code §66410-66499.37) and the issuance by Title Company of a CLTA 116.7 endorsement that the Property is in compliance with the Subdivision Map Act shall be a condition precedent to Closing that neither ▇▇▇▇▇ nor LIMCO shall have the right to waive. This condition shall be a condition precedent to both ▇▇▇▇▇’▇ and LIMCO’s obligation to proceed with the Closing.
Property Status. MAINTENANCE AND LEASES ---------------------------------------
Property Status. Meridian represents and warrants with respect to the Property, except as otherwise disclosed in the Disclosure Materials set forth on the Disclosure Materials List and Statement (EXHIBIT D hereof):
(i) Attached hereto as EXHIBIT I is a Lease List (Rent Roll) with respect to the Property which is true, correct and complete.
(A) The Lease List for the Property lists all of the Leases affecting the Property. Meridian has made true, correct and complete originals or copies of all Leases (except for those documents designated with an asterisk) in effect as of the date hereof available to Acquiror for its review. To Meridian's knowledge, except as may be set forth on the Lease List, each Lease identified on the Lease List is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no tenant is in material default under any such Lease and Meridian has not received written notice of any material default by the landlord under any such Lease. No tenant or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property.
(B) The list of REAs set forth in this Agreement with respect to the Property is true, correct and complete. The REAs listed herein constitute all of the REAs affecting the Property. Meridian has made true, correct and complete originals or copies of all REAs in effect as of the date hereof available to Acquiror for its review. To Meridian's knowledge, each REA identified in this Agreement is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no party to an REA is in material default under any such REA and Meridian has not received written notice of any material default by a party to an REA. No party to an REA or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property.
(iii) All leasing commissions in respect of the current terms of the Leases or REAs currently in effect have been or will be paid in full by Meridian, except as provided on EXHIBIT Y.
(iv) Except as set forth on EXHIBIT Z, Meridian has received no written notice within the thirty-six (36) month period immediately preceding the date hereof, from any tenant under any Lease which is still outstanding and otherwise has no k...
Property Status. “As Is.” ▇▇▇▇▇ acknowledges that they have made a sufficient and satisfactory inspection of the Real Property and are purchasing the Real Property in its “as is” condition.
Property Status. Contributor represents and warrants with respect to the Property, except as otherwise disclosed in the Disclosure Materials set forth on the Disclosure Materials List and Statement (EXHIBIT D hereof):
(i) Attached hereto as EXHIBIT H is a Lease List (Rent Roll) with respect to the Property which is true, correct and complete.
(ii) The Lease List for the Property lists all of the Leases affecting the Property. Contributor has made true, correct and complete originals or copies of all Leases in effect as of the date hereof available to Acquiror for its review. To Contributor's knowledge except as may be set forth on the Lease List, each Lease identified on the Lease List is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no tenant is in material default under any such Lease and Contributor has not received written notice of any material default by the landlord under any such Lease. No tenant or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property.
(iii) All leasing commissions in respect of the current terms of the Leases currently in effect have been or will be paid in full by Contributor, except as provided on EXHIBIT W.
(iv) Except as set forth on EXHIBIT X, Contributor has received no written notice within the thirty-six (36) month period immediately preceding the date hereof, from any tenant under any Lease which is still outstanding and otherwise has no knowledge that such tenant is entitled to any reduction in, refund of or counterclaim or offset against, or is otherwise disputing, any rents paid, payable or to become payable by such tenant thereunder or any other sums due any tenant pursuant to the terms of its Lease, or is entitled to cancel or terminate its Lease or to be released of any of its material obligations thereunder.
(v) To Contributor's knowledge, all work which is required to be performed by the landlord under each Lease has been performed to the Tenant's satisfaction or as required to be performed by landlord pursuant to such Lease, except for work not completed and listed on EXHIBIT Y, and the parties shall bear responsibility for the same as indicated on such Exhibit.
(vi) All amounts in respect of tenant cash allowances, lease takeover payments or takeback payment obligations and all other tenant cash inducements have been paid or satis...
Property Status. Please indicate whether the property is single family or multi-family 2. Owner(s) Name: Please include the full name of all owners. The City reserves the right to require additional proof of eligibility.
Property Status. This agreement does not convey any rights for patents and trademarks owned by either party beyond their use as a component and accommodation under this agreement.