Leased Tract definition
Examples of Leased Tract in a sentence
The real property leased pursuant to this Lease shall consist of approximately 17 acres and is located and described as shown on Exhibits A and B, which are attached hereto and incorporated herein by this reference (this Leased Tract is referred to as "the Premises" hereafter in this Lease).
The “Undeveloped Strips” consist of those certain strips of undeveloped and un-leased land located (i) between individual leased lots within the Leased Tract (i.e., a strip of land which is not covered by the individual leases on either side of such strip of land) or (ii) between the Leased Tract and the Roads, which Seller determines, in its sole discretion, to include as part of the Property.
There is no commitment, agreement, or understanding concerning the subject matter of the Grant Agreement that is not contained in the written document.
Purchaser acknowledges that the improvements, Driveways, paved or gravel roads located wholly within an individual commercial leased lot that is part of the Commercial Leased Land and that serve only that individual commercial leased lot, buildings, houses, and related structures located on the Leased Tract are the property of the Leaseholders unless specifically stated otherwise herein or in the Leaseholder’s Lease and, as such, are not being conveyed hereunder.
As to Leaseholder encroachments across leased lot lines, Purchaser shall be responsible for resolving any and all boundary or title issues or disputes related to same as between individual Leaseholders of the Leased Tract, and Seller shall have no responsibility for resolving such matters.
Seller, at Purchaser’s expense, shall obtain and deliver to Purchaser a current survey of the 1000’ contour line, the back and side boundary lines of the Leased Tract (the “Initial Survey”).
In addition, Buyer shall not file or cause to be filed any application or request with any governmental or quasi-governmental agency prior to Closing which would or could lead to a hearing before any governmental or quasi-governmental agency or which would or could lead to any change in zoning, parcelization, licenses, permits or other entitlements or any other investigation or restriction on the use of the Properties, or any part thereof.