Common use of Tenancies Clause in Contracts

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense. 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  a disclosure statement required by the Retail Leases Act 1994 was not given when required;  such a statement contained information that was materially false or misleading;  a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  a proper notice of the transfer (an attornment notice) addressed to the tenant;  any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  a copy of any disclosure statement given under the Retail Leases Act 1994;  a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; and 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense. 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  ● a disclosure statement required by the Retail Leases Act 1994 was not given when required;  ● such a statement contained information that was materially false or misleading;  ● a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  ● the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  ● any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  ● any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  ● any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  ● a proper notice of the transfer (an attornment notice) addressed to the tenant;  ● any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  ● a copy of any disclosure statement given under the Retail Leases Act 1994;  ● a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  ● any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; andand 00/00 Xxxxxxxxx Xxxxx, Ambarvale NSW 2560 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense. 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  ● a disclosure statement required by the Retail Leases Act 1994 was not given when required;  ● such a statement contained information that was materially false or misleading;  ● a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  ● the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  ● any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  ● any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  ● any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  ● a proper notice of the transfer (an attornment notice) addressed to the tenant;  ● any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  ● a copy of any disclosure statement given under the Retail Leases Act 1994;  ● a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  ● any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; andand 0/000-000 Xxxx Xxxxxx, Merrylands NSW 2142 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense. 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  a disclosure statement required by the Retail Leases Act 1994 was not given when required;  such a statement contained information that was materially false or misleading;  a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  a proper notice of the transfer (an attornment notice) addressed to the tenant;  any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  a copy of any disclosure statement given under the Retail Leases Act 1994;  a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; andand PROPOSED LOTS 1-00, 0-0 XXXXXXXXXX XXXXXX, 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense. 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  • a disclosure statement required by the Retail Leases Act 1994 was not given when required;  • such a statement contained information that was materially false or misleading;  • a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  • the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  • any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  • any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  • any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  • a proper notice of the transfer (an attornment notice) addressed to the tenant;  • any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  • a copy of any disclosure statement given under the Retail Leases Act 1994;  • a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  • any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; and 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.

Tenancies. 24.1 If a tenant has not made a payment for a period preceding or current at the adjustment date – 24.1.1 for the purposes of clause 14.2, the amount is to be treated as if it were paid; and 24.1.2 the purchaser assigns the debt to the vendor on completion and will if required give a further assignment at the vendor's expense.. 11/41-00 XXXX XX XXXXXXX XXX 0000 24.2 If a tenant has paid in advance of the adjustment date any periodic payment in addition to rent, it must be adjusted as if it were rent for the period to which it relates. 24.3 If the property is to be subject to a tenancy on completion or is subject to a tenancy on completion – 24.3.1 the vendor authorises the purchaser to have any accounting records relating to the tenancy inspected and audited and to have any other document relating to the tenancy inspected; 24.3.2 the vendor must serve any information about the tenancy reasonably requested by the purchaser before or after completion; and 24.3.3 normally, the purchaser can claim compensation (before or after completion) if –  ● a disclosure statement required by the Retail Leases Act 1994 was not given when required;  ● such a statement contained information that was materially false or misleading;  ● a provision of the lease is not enforceable because of a non-disclosure in such a statement; or  ● the lease was entered into in contravention of the Retail Leases Act 1994. 24.4 If the property is subject to a tenancy on completion – 24.4.1 the vendor must allow or transfer –  ● any remaining bond money or any other security against the tenant's default (to the extent the security is transferable);  ● any money in a fund established under the lease for a purpose and compensation for any money in the fund or interest earnt by the fund that has been applied for any other purpose; and  ● any money paid by the tenant for a purpose that has not been applied for that purpose and compensation for any of the money that has been applied for any other purpose; 24.4.2 if the security is not transferable, each party must do everything reasonable to cause a replacement security to issue for the benefit of the purchaser and the vendor must hold the original security on trust for the benefit of the purchaser until the replacement security issues; 24.4.3 the vendor must give to the purchaser –  ● a proper notice of the transfer (an attornment notice) addressed to the tenant;  ● any certificate given under the Retail Leases Act 1994 in relation to the tenancy;  ● a copy of any disclosure statement given under the Retail Leases Act 1994;  ● a copy of any document served on the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; and  ● any document served by the tenant under the lease and written details of its service, if the document concerns the rights of the landlord or the tenant after completion; 24.4.4 the vendor must comply with any obligation to the tenant under the lease, to the extent it is to be complied with by completion; and 24.4.5 the purchaser must comply with any obligation to the tenant under the lease, to the extent that the obligation is disclosed in this contract and is to be complied with after completion.