Utility and Special Use Properties Sample Clauses

The 'Utility and Special Use Properties' clause defines how properties with unique functions, such as utilities or facilities with specialized purposes, are treated within an agreement. This clause typically outlines specific considerations for valuation, use, or transfer of such properties, recognizing that their characteristics differ from standard real estate. By addressing these unique aspects, the clause ensures that both parties understand how these properties are handled, thereby preventing misunderstandings and ensuring fair treatment in transactions involving non-standard assets.