WASTE AND CHANGE IN USE Sample Clauses

The 'Waste and Change in Use' clause primarily restricts tenants or occupants from causing damage (waste) to the property or altering its intended use without the landlord's consent. In practice, this means tenants must maintain the premises in good condition and cannot, for example, convert a residential unit into a commercial space or make significant alterations that affect the property's value or structure. The core function of this clause is to protect the landlord's investment by ensuring the property is preserved and used as agreed, preventing unauthorized changes or deterioration.
WASTE AND CHANGE IN USE. No Mortgagor shall commit any waste on the Premises or make any change in the use of the Premises which may in any way increase any ordinary fire, environmental or other risk arising out of construction or operation.
WASTE AND CHANGE IN USE. No Mortgagor shall commit any physical waste on the Premises, or make any change in the use of the Premises which may in any way increase any ordinary fire, environmental or other risk arising out of construction or operation. Paragraph 7 of the Mortgage shall be deleted in its entirety and replaced with the following: