Title; Leaseback Lease Clause Samples
The 'Title; Leaseback Lease' clause establishes the transfer of ownership (title) of a property from one party to another, typically as part of a sale and leaseback arrangement. In such transactions, the seller conveys the property to the buyer, who then immediately leases it back to the seller, allowing the seller to continue occupying and using the property while freeing up capital. This clause clarifies the mechanics of the title transfer and the commencement of the leaseback, ensuring both parties understand their rights and obligations. Its core function is to facilitate the smooth execution of sale and leaseback deals by clearly delineating when and how ownership and leasehold interests change hands.
Title; Leaseback Lease. 5.1 Fee Simple Conveyance at Closing. Seller shall convey good, marketable and insurable fee simple title to the Land to Buyer free and clear of all liens and encumbrances, subject only to the Permitted Title Exceptions and any other matters of title to which ▇▇▇▇▇ shall expressly consent in writing pursuant hereto.
Title; Leaseback Lease