Common use of Tenancy at Will Clause in Contracts

Tenancy at Will. In the event of a trustee’s sale hereunder and if at the time of such sale Grantor or any other party occupies the portion of the Mortgaged Property so sold or any part thereof, such occupant shall immediately become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will of either tenant or landlord, at a reasonable rental per day based upon the value of the portion of the Mortgaged Property so occupied, such rental to be due and payable daily to the purchaser. An action of forcible detainer shall lie if the tenant holds over after a demand in writing for possession of such Mortgaged Property. It is understood and agreed that the provisions of this Section are solely for the benefit of Beneficiary and there shall be no third party beneficiaries with respect to any provisions of this Section.

Tenancy at Will. In the event of a trustee’s 's sale hereunder and if at the time of such sale Grantor or any other party occupies the portion of the Mortgaged Property Proper so sold or any part thereof, such occupant shall immediately become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will of either tenant or landlord, at a reasonable rental per day based upon the value of the portion of the Mortgaged Property so occupied, such rental to be due and payable daily to the purchaser. An action of forcible detainer shall lie if the tenant holds over after a demand in writing for possession of such Mortgaged Property. It is understood and agreed that the provisions of this Section are solely for the benefit of Beneficiary and there shall be no third party beneficiaries with respect to any provisions of this Section.

Tenancy at Will. In the event of a trustee’s 's sale hereunder and if at the time of such sale Grantor or any other party occupies the portion of the Mortgaged Property so sold or any part thereof, such occupant shall immediately become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will of either tenant or landlord, at a reasonable rental per day based upon the value of the portion of the Mortgaged Property so occupied, such rental to be due and payable daily to the purchaser. An action of forcible detainer shall lie if the tenant holds over after a demand in writing for possession of such Mortgaged Property. It is understood and agreed that the provisions of this Section are solely for the benefit of Beneficiary and there shall be no third party beneficiaries with respect to any provisions of this Section.