Common use of TENANT'S EFFECTS Clause in Contracts

TENANT'S EFFECTS. The Tenant hereby irrevocably appoints the Landlord to be its agent to store or dispose of any effects left by the Tenant on the Premises 14 days after the termination of this Lease (whether by effluxion of time or otherwise) on any terms that the Landlord thinks fit and without the Landlord being liable to the Tenant and to include but not be limited to the cost of storage (if any) and any other expenses reasonably incurred by the Landlord but the Landlord paying to the Tenant the balance of the sale proceeds thereof forthwith and the Tenant hereby agrees to indemnify the Landlord against any liability incurred by the Landlord to any third party whose property shall have been sold by the Landlord in the mistaken belief held in good faith (which shall be presumed unless the contrary be proved) that such property belonged to the Tenant