Sale of the Leased Premises. Landlord shall have the right to sell the Leased Premises or any portion thereof at any time during the Lease Term, subject to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability accruing hereunder after the date of such conveyance, but such covenants and obligations shall be binding upon and shall be deemed to have been assumed by each new owner of the Leased Premises as of the date of such conveyance without the need of a further agreement.
Sale of the Leased Premises. If Landlord sells the Leased Premises, Landlor d will transfer all security deposits to the buyer of the Leased Premises subject to the agreement of such buyer to abide by the terms and conditions set forth in this Lease. In such event, such buyer of the Leased Premises will replace the Landlord. Xxxxxxxx agrees to notify Tenants about any sale of the Leased Premises. The new Landlord shall be responsible to Tenants for the return of their security deposit after the sale of the Leased Premises. Subject to the buyer of the Leased Premises agreeing to fulfill all of the terms and conditions provided for in this Lease, Xxxxxx understands that Landlord will not have any more responsibilities under this Lease after the Leased Premises are sold to the new owner. Subject to agreeing to fulfill all of the terms and conditions provided for in this Lease, the new owner shall replace the Landlor d and shall have all of the rights and privileges accruing to the Landlord under this Lease and this Lease shall remain in full force and effect.
Sale of the Leased Premises. In the event that the Leased Premises are sold, the Tenant shall release the Landlord from all its obligations as landlord, provided that the buyer assumes these obligations. The Tenant hereby gives its consent to all provisions of this Lease, including any addendums, being transferred upon conclusion of a notarial purchase agreement regarding the Property and payment of the purchase price.
Sale of the Leased Premises. This Agreement may be terminated in the event LESSEE purchases the leased premises from LESSOR. Said termination shall become effective on the date of closing, and LESSEE shall be responsible for any outstanding rent and costs that became due and owing prior to the date of termination as outlined in this Agreement. In the event the date of closing occurs during the month, rent shall be prorated based on the number of days the premises were occupied by LESSEE prior to the date of closing. Any prepaid rent for the remaining days of the month shall be refunded to LESSEE. XXXXXX agrees that any outstanding fees or other charges due as outlined in this Agreement shall be deducted from the refunded amount.
