Group Lease definition

Group Lease. All areas inside and outside the property not individually assigned as bedrooms are collectively termed as common-area. All Tenants leasing bedrooms at the property address are jointly and severally liable for all common-areas. Since all Tenants are jointly and severally responsible for the entire common-area, it is not the responsibility of the Landlord to determine which individual Tenant or Guest caused damages in the common-area. Castle Property LLC leases this property from the Property Owners with the ability to sublease to Individual Tenants. For the purposes of this lease Castle Property LLC is the only Landlord and the Property Owner is not a party to this lease.
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Group Lease means a lease:
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Group Lease. All areas inside and outside the property not individually assigned as bedrooms are collectively termed as common-area. All Tenants leasing bedrooms at the property address are jointly and severally liable for all common-areas. Since all Tenants are jointly and severally responsible for the entire common-area, it is not the responsibility of the Landlord to determine which individual Tenant or Guest caused damages in the common-area. Castle Property LLC is assisting BSI Properties by showings and completing their leases for the 2022-23 lease year. Castle Property LLC currently manages these properties but will not be the manager for the 2022-23 lease years and beyond. This property will be managed directly by the property owner BSI Properties. BSI Properties will also be the point of contact for any needed service or maintenance and will be collecting monthly rent. Electronic copies of the signed lease should be returned to Castle Property LLC (xxxxxx@xxxxxxxxxxxxxx.xxx) within 3 days. Signed hard copy of the lease mailed to: Castle Property LLC, 000 Xxxxx Xxx, Xxxxxxxxxxxx, XX 00000 and received in 10 days. Security deposit payments should be mailed to the Castle Property LLC address and received within 10 days and 40 days. Questions with your lease or the completion process please call Castle Property LLC 540-564-2659.
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Examples of Group Lease in a sentence

  • Each Quarterly Report and Annual Report, as the case may be, shall contain a listing of the ACS Group Aircraft that are not subject to any ACS Group Lease.

  • In the event any such assignment requires the consent of the "landlord" or "lessor" under the applicable Equifax Group Lease, then the respective Assignor and Assignee hereby agree to reasonably cooperate with each other in obtaining any such required consent.

  • Farmington Office Lease 000 Xxxxxxxxxx Xxx., Xxxxx 000 Xxxxxxxxxx, Xxxxxxxxxxx Leased Pro-Park Group Lease, dated 3/31/11 by and between Pro-Park Group and Connecture, Inc.

  • CIT Group, Lease #907000012400, dated October 26, 2007, with a termination date of October 26, 2010, for 39 laptops; b.

  • Xxxxxxxx, General Counsel Agreement and Acknowledgment of Assignors and Assignees: ------------------------------------------------------- Each of the following parties hereby agree to the terms and provisions of the foregoing Agreement Regarding Leases, and is hereby made a party thereto, solely with respect to the assignment of the Equifax Group Lease with respect to which such party is Assignor or Assignee pursuant to Section 2(c) of the foregoing Agreement Regarding Leases.

  • In other words, the election or deemed election of any other "Lessee" to terminate another Facility Group Lease pursuant to clause (a) of Section 49 of such Facility Group Lease shall also be deemed to be Lessor's and Lessee's mutual election to terminate this Lease.

  • CIT Group, Lease #901002903100, dated June 20, 2008, with a termination date of June 20, 2011, for 15 laptops; and c.

  • Except for the liability of the Centex Corporation as specifically provided in the Contract Guaranty, Centex Service Company Lease Guaranty and Centex Construction Group Lease Guaranty, in no event whatsoever shall recourse be had or liability asserted against any of Seller’s or Purchaser’s partners, members, shareholders, employees, agents, directors, officers or other owners of Seller or Purchaser, or their respective constituent partners.

  • Lease Agreement 6/2/2010 Commencement Letter 9/29/2010 Robins & Xxxxxx Group Lease Agreement 7/16/2008 Commencement Letter 11/1/2008 Lease Agreement Amendment 1 3/31/2009 Sandisk Technologies, Inc.

  • Notwithstanding anything to the contrary in this Lease, in the event that any other Facility Group Lease shall be terminated pursuant to clause (a) of Section 49 thereof (but not clause (b)), then this Lease shall without further action of Lessor and Lessee hereunder also automatically terminate.


More Definitions of Group Lease

Group Lease means the Lease and each other present or future lease:
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Related to Group Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.