Common use of The Home Clause in Contracts

The Home. 7.1 Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by the provisions of this Lease. In addition, Homeowner shall not remove any part of the Home from the Leased Land without JTCHA’s prior written consent. 7.2 Upon the signing of this Lease, Homeowner is simultaneously purchasing the Home located at that time on the Leased Land. 7.3 A Homeowner may undertake capital improvements to the Leased Land in accordance with the Guidelines and only upon the advance written consent of JTCHA. In some cases, the depreciated cost (as determined by JTCHA) of such pre-approved capital improvements may be added to the Maximum Resale Price. 7.4 No lien of any type shall attach to the Leased Land. Homeowner shall not permit any statutory or similar lien to be filed against the Leased Land or the Home which remains more than 60 days after it has been filed. Homeowner shall immediately notify JTCHA upon the filing of any such lien against the Leased Land or Home and shall take action to discharge such lien, whether by means of payment, deposit, bond, court order, or other means permitted by law. If Homeowner fails to discharge such lien within the 60-day period, then Homeowner shall immediately notify JTCHA of such failure. JTCHA shall have the right to discharge the lien by paying the amount in question. Homeowner may, at Homeowner’s expense, contest the validity of any such asserted lien, provided Homeowner has furnished a bond or other acceptable surety in an amount sufficient to release the Leased Land and Home from such lien. Any amounts paid by JTCHA to discharge such liens shall be treated as an additional Lease Fee payable to JTCHA by Homeowner upon demand. 7.5 Homeowner hereby assumes responsibility for furnishing all services or facilities on the Leased Land. JTCHA shall not be required to furnish any services or facilities or to make any repairs to the Home. Homeowner shall maintain the Home and Leased Land as required by Section 4.7 above and shall see that all necessary repairs and replacements are accomplished when needed.

The Home. 7.1 Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by the provisions of this Lease. In addition, Homeowner shall not remove any part of the Home from the Leased Land without JTCHA’s prior written consent. 7.2 Upon the signing of this Lease, Homeowner is simultaneously purchasing the Home located at that time on the Leased Land. 7.3 A Homeowner may undertake capital improvements to the Leased Land in accordance with the Guidelines Housing Rules and Regulations and only upon the advance written consent of JTCHAthe Housing Department. In some cases, the depreciated cost (as determined by JTCHAthe Housing Department) of such pre-approved capital improvements may be added to the Maximum Resale Price. 7.4 No lien of any type shall attach to the Leased Land. Homeowner shall not permit any statutory or similar lien to be filed against the Leased Land or the Home which remains more than 60 days after it has been filed. Homeowner shall immediately notify JTCHA the Housing Department upon the filing of any such lien against the Leased Land or Home and shall take action to discharge such lien, whether by means of payment, deposit, bond, court order, or other means permitted by law. If Homeowner fails to discharge such lien within the 60-day period, then Homeowner shall immediately notify JTCHA the Housing Department of such failure. JTCHA shall have the right to discharge the lien by paying the amount in question. Homeowner may, at Homeowner’s expense, contest the validity of any such asserted lien, provided Homeowner has furnished a bond or other acceptable surety in an amount sufficient to release the Leased Land and Home from such lien. Any amounts paid by JTCHA to discharge such liens shall be treated as an additional Lease Fee payable to JTCHA by Homeowner upon demand. 7.5 Homeowner hereby assumes responsibility for furnishing all services or facilities on the Leased Land. JTCHA shall not be required to furnish any services or facilities or to make any repairs to the Home. Homeowner shall maintain the Home and Leased Land as required by Section 4.7 above and shall see that all necessary repairs and replacements are accomplished when needed.

The Home. 7.1 Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by the provisions of this Lease. In addition, Homeowner shall not remove any part of the Home from the Leased Land without JTCHA’s prior written consent. 7.2 Upon the signing of this Lease, Homeowner is simultaneously purchasing the Home located at that time on the Leased Land. 7.3 A Homeowner may undertake capital improvements to the Leased Land in accordance with the Guidelines Rules and Regulations and only upon the advance written consent of JTCHAthe Housing Department. In some cases, the depreciated cost (as determined by JTCHAthe Housing Department) of such pre-approved capital improvements may be added to the Maximum Resale Price. 7.4 No lien of any type shall attach to the Leased Land. Homeowner shall not permit any statutory or similar lien to be filed against the Leased Land or the Home which remains more than 60 days after it has been filed. Homeowner shall immediately notify JTCHA the Housing Department upon the filing of any such lien against the Leased Land or Home and shall take action to discharge such lien, whether by means of payment, deposit, bond, court order, or other means permitted by law. If Homeowner fails to discharge such lien within the 60-day period, then Homeowner shall immediately notify JTCHA the Housing Department of such failure. JTCHA shall have the right to discharge the lien by paying the amount in question. Homeowner may, at Homeowner’s expense, contest the validity of any such asserted lien, provided Homeowner has furnished a bond or other acceptable surety in an amount sufficient to release the Leased Land and Home from such lien. Any amounts paid by JTCHA to discharge such liens shall be treated as an additional Lease Fee payable to JTCHA by Homeowner upon demand. 7.5 Homeowner hereby assumes responsibility for furnishing all services or facilities on the Leased Land. JTCHA shall not be required to furnish any services or facilities or to make any repairs to the Home. Homeowner shall maintain the Home and Leased Land as required by Section 4.7 above and shall see that all necessary repairs and replacements are accomplished when needed.