Residential Leases Clause Samples
A Residential Leases clause establishes the terms and conditions under which a property is rented for residential purposes. It typically outlines the rights and responsibilities of both the landlord and tenant, including rent payment schedules, maintenance obligations, and rules regarding occupancy or subletting. By clearly defining these aspects, the clause helps prevent disputes and ensures both parties understand their obligations, thereby promoting a stable and predictable rental relationship.
Residential Leases. (a) Notwithstanding anything else herein to the contrary, Tenant may, without the FCRHA’s consent, enter into residential tenant leases which meet the lease criteria set forth on Exhibit H hereto (all residential leases meeting such criteria being herein referred to, collectively, as “Residential Leases”), provided no Event of Default shall have occurred and then be continuing hereunder, unless such Event of Default is cured simultaneously with such subletting, and Tenant shall have complied with the provisions of this Section 26.04. Residential Leases shall mean tenant leases by Tenant of residential units to certain residential tenants meeting the financial and reporting requirements set forth on Exhibit H (all residential tenants meeting such criteria being herein referred to, collectively, as “Residential Tenants”).
(b) Each Residential Lease shall obligate the Residential Tenant pursuant thereto to occupy and use the premises included therein for purposes consistent with the Requirements, the financial and reporting conditions set forth on Exhibit H and the provisions of this Lease. Except as otherwise provided below, with respect to each and every Residential Lease under the provisions of this Lease, it is further agreed that:
(i) no Residential Lease shall be for a term of more than one (1) year;
(ii) each Residential Lease shall specifically state that (A) it is subject to all of the terms, covenants, agreements, provisions, and conditions of this Lease, (B) subject to the rights of any Mortgagee, if Tenant defaults in the payment of any Base Rent, Additional Costs or Impositions beyond any applicable notice and cure periods under this Lease, each Residential Tenant shall pay to the FCRHA upon demand, any and all rent and other sums due or accruing to Tenant under such Residential Lease, and (C) subject to the rights of any Mortgagee, if there is a termination of this Lease, or if the FCRHA shall exercise its rights to dispossess Tenant or to re-enter the Premises, any Residential Tenant which is not an Affiliate of Tenant will at the FCRHA’s election, attorn to the FCRHA and the FCRHA will have all rights of a Residential Tenant under such Residential Lease, including, without limitation, the right to enforce those rights by court proceeding or otherwise;
(iii) the receipt by the FCRHA of any amounts from any Residential Tenant or other occupant of any part of the Premises shall not be deemed or construed as releasing Tenant from Tenant’s obligati...
Residential Leases. The Property is subject to one or more residential leases to tenant(s) and the Addendum Regarding Residential Leases is attached to this contract.
Residential Leases. The Property is subject to one or more residential leases to tenant(s) and the Addendum Regarding Residential Leases is attached to this contract. [the following types of leases to which the Seller is a party, including any addendum, amendment, or move-in condition form (Leases):
Residential Leases. (a) All Leases for residential units executed on or after the Effective Date (including renewals of any existing Leases) will satisfy the following conditions:
(i) They will be on forms acceptable to Lender.
(ii) They will not include options to purchase or have purchase options associated with them.
(iii) They will be for initial terms of at least 6 months.
(b) Borrower will promptly upon Lender’s request, deliver to Lender an executed copy of each residential Lease then in effect.
Residential Leases. Notwithstanding anything to the contrary contained herein, Tenant shall be permitted, without obtaining Landlord's consent, to sublease individual assisted living units. Tenant shall provide to Landlord a copy of Tenant's standard form residential lease and any subsequent changes which may be made to the standard form.
Residential Leases. All leases of residential premises on the Acquired Properties are leased to employees of Primero and are exempt from application of the Residential Tenancies Act (Ontario) by virtue of section 5(h) of that Act.
Residential Leases. Residential leases or occupancies of the manager's apartment (if any) which is located on the Property may be made, administered, enforced, modified, or terminated, in the ordinary course of the Borrower's business.
Residential Leases. Notwithstanding the foregoing, Borrower shall have the right, without seeking the consent of Lender, to enter into residential Leases with individuals for single apartment units on the Property and to modify and terminate said residential leases entered into with individuals for single apartment units, provided that any such action is taken by Borrower in the ordinary course of business by operating the Property and its consistent with the action that would be taken by a prudent landlord managing a comparable residential apartment property and provided further that each such Lease entered into or modified by Borrower shall: (i) provide for rental payment at a rate consistent with prevailing rates then being obtained by prudent landlords leasing comparable properties in the local market where the Property is located; (ii) be for a term of not less than six (6) months; (iii) not contain any terms which would materially adversely affect Lender’s rights under the Loan Documents; and (iv) be on the form of lease approved by Lender.
Residential Leases. Notwithstanding anything to the contrary contained herein, Tenant shall be permitted, without obtaining Landlord's consent, to sublease individual units pursuant to a form approved in advance in writing by Landlord, which approval shall not be unreasonably withheld or delayed, provided (i) the term of each sublease does not exceed one (1) year and (ii) the sublease does not provide for any periods of reduced or no rent, or other similar concessions. Tenant shall obtain Landlord's consent which consent shall not be unreasonably withheld or delayed to any material changes which may be made to the standard form.
Residential Leases. A number of tribes, tribal organizations, and tribal housing authorities requested further revision to the residential leasing regulations to ensure they are compatible with the low-income housing programs carried out by tribes and TDHEs and avoid a “substantial disruption of longstanding Indian housing programs.” One tribe requested that we withdraw the residential leasing subpart because of the requirement for valuations and fair market rental payments to non-consenting owners, periodic rental reviews, and bonding and insurance requirements. Some other tribes requested we defer promulgation pending further consultation and a comprehensive examination of the existing statutory and regulatory framework governing Native American housing and consideration of real world constraints. Withdrawal or deferral of promulgation of this subpart would leave in place on-size-fits-all non-agricultural leasing regulations that have been in place since 1961. We find that to be unacceptable and not at all supportive of Indian housing programs. While we are not withdrawing or deferring promulgation of this subpart, we incorporated many of the requested revisions and made additional revisions to address these concerns, including: • Adding that a lease for housing for public purposes is a basis for granting a waiver of fair market value on individually owned Indian land (the tribe may waive fair market value on tribal land – see 162.320(a)); • Deleting the requirement for periodic rental reviews for leases for housing for public purposes on individually owned Indian land (the tribe may waive periodic rental reviews on tribal land– see 162.328(a)); • Allowing for waiver of valuations and fair market rental for non-consenting landowners under certain circumstances– see 162.321(c); and • Deleting the requirement for bonding and insurance for all residential leases– see 162.334 and 162.335. One tribe stated that these regulations will do more harm than good by being administratively and financially burdensome, impractical, and heavy handed. We have made the revisions noted above to remove the specified administrative and financial burdens. Because we incorporated as many changes as legally possible to address these concerns, we decided to move forward with finalizing these regulations. A tribe requested that we delete the requirement to obtain a valuation and pay fair market rental to owners who did not consent to the lease because the requirement to obtain 100 percent consent to...