Common use of The Home Clause in Contracts

The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and HCHT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without HCHT’s prior written consent.

Appears in 1 contract

Samples: Letter of Agreement

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The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and HCHTthe CLT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without HCHTCLT’s prior written consent.

Appears in 1 contract

Samples: Permitted Mortgage Agreement

The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and HCHTthe MHT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without HCHTMHT’s prior written consent.

Appears in 1 contract

Samples: Letter of Agreement

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The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and HCHTthe DSCLT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without HCHTDSCLT’s prior written consent.

Appears in 1 contract

Samples: Ground Lease

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