Common use of STANDARD LEASE OBLIGATIONS Clause in Contracts

STANDARD LEASE OBLIGATIONS. Although initially the property is not owned outright, the Leaseholder does have the normal responsibilities of a full owner. This means, for example, that the Leaseholder will be obliged to pay 100% of the outgoings relating to the property and to keep the property in good and substantial repair and condition. The lease also contains other 'standard' obligations on the Leaseholder. For example, the Leaseholder will: • if applicable, need to contribute towards the costs incurred by the Landlord in providing services (sometimes known as service charges); • need to seek the Landlord's consent before making certain alterations; and • comply with regulations relating to the management of the building or the estate of which the property forms part.

STANDARD LEASE OBLIGATIONS. Although initially the property is not owned outright, the Leaseholder does have the normal responsibilities of a full owner. This means, for example, that the Leaseholder will be obliged to pay 100% of the outgoings relating to the property and to keep the property in good and substantial repair and condition. The lease also contains other 'standard' obligations on the Leaseholder. For example, the Leaseholder will: •  if applicable, need to contribute towards the costs incurred by the Landlord in providing services (sometimes known as service charges); •  need to seek the Landlord's consent before making certain alterations; and •  comply with regulations relating to the management of the building or the estate of which the property forms part.

STANDARD LEASE OBLIGATIONS. Although initially the property is not owned outright, the Leaseholder does have the normal responsibilities of a full owner. This means, for example, that the Leaseholder will be obliged to pay 100% of the outgoings relating to the property and to keep the property in good and substantial repair and condition. The lease also contains other '‘standard' ’ obligations on the Leaseholder. For example, the Leaseholder will: • if applicable, need to contribute towards the costs incurred by the Landlord in providing services (sometimes known as service charges)services; • need to seek the Landlord's ’s consent before making certain alterations; and • if applicable, comply with regulations relating to the management of the building or the estate of which the property forms part.