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), Lease Agreement (Matewan Bancshares Inc)

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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)

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