Common use of Usufruct Clause in Contracts

Usufruct. This lease shall create the relationship of landlord -------- and tenant between Lessor and Lessee; no estate shall pass out of Lessor, and lessee has only a usufruct which is not subject to levy and sale and may not be assigned except by Lessor's consent.

Appears in 2 contracts

Samples: Lease Agreement (Matewan Bancshares Inc), Agreement (Matewan Bancshares Inc)

AutoNDA by SimpleDocs

Usufruct. This lease shall create the relationship of landlord and -------- and tenant between Lessor and Lessee; no estate shall pass out of Lessor, and lessee Lessee has only a usufruct which is not subject to levy and sale and may not be assigned except by Lessor's consent.

Appears in 2 contracts

Samples: Lease Agreement (Matewan Bancshares Inc), Lease Agreement (Matewan Bancshares Inc)

AutoNDA by SimpleDocs

Usufruct. This lease Lease shall create the relationship of landlord -------- and tenant between Lessor and Lessee; no estate shall pass out of Lessor, Lessor and lessee Lessee has only a usufruct which is usufruct, not subject to levy and sale and may not be assigned except by Lessor's consentsale.

Appears in 1 contract

Samples: Lease Agreement (Marlton Technologies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.