Common use of Title to Property Established Clause in Contracts

Title to Property Established. Recipient represents and warrants that it is currently the owner of record of the Property in fee simple or under a current and valid lease agreement to utilize the Property for its current use. Any substantial (outside of normal surveyor error or boundary dispute) misrepresentation or breach of the above representation and warranty shall entitle FEDC to terminate the Agreement.

Title to Property Established. The Recipient represents and warrants that it is currently the owner of record of the Property in fee simple or under a current and valid lease agreement to utilize the Property for its current useuse or is currently the owner of record of the Property in fee simple. Any substantial (outside of normal surveyor error or boundary dispute) misrepresentation or breach of the above representation and warranty shall entitle FEDC to terminate the Agreement.