NO VACANT POSSESSION Sample Clauses
The "No Vacant Possession" clause establishes that the seller is not required to deliver the property free of occupants, tenants, or personal belongings at the time of completion. In practice, this means the buyer accepts the property subject to any existing leases, licenses, or occupancies, and cannot demand that the premises be empty upon transfer. This clause is commonly used in transactions involving investment properties or properties with sitting tenants, ensuring that the seller is not liable for removing occupants and clarifying the buyer’s expectations regarding possession at closing.
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NO VACANT POSSESSION. 14.1 The Purchaser shall upon full payment of the Balance Purchase Price together with all interest on late payment (if any) be entitled at his own costs and expenses to take possessions of the Property.
14.2 The Bank shall not be under any obligation whatsoever to deliver vacant possession of the Property or to forward to the Purchaser or any party any keys to the Property.
14.3 The Property is sold subject to all existing easements, leases, tenancies, occupiers, charges, caveats, previous Sale and Purchase, previous assignment, covenants, liabilities subsisting thereon or thereover and the Purchaser shall be deemed to have full knowledge of the state and condition of the Property.
NO VACANT POSSESSION. 18.1 The Purchaser shall upon full payment of the Balance Purchase Price together with all late payment compensation (if any) be entitled at his/her own costs and expenses take possession of the property.
18.2 MBSB BANK BERHAD shall not be under any obligation whatsoever to deliver vacant possession of the property or forward to the Purchaser or any party/parties any keys to the property.
NO VACANT POSSESSION. 15.1 The Purchaser shall upon full payment of the Balance Purchase Price together with all interest on late payment (if any) be entitled at his/her own costs and expenses take possession of the property.
15.2 MBSB shall not be under any obligation whatsoever to deliver vacant possession of the property or forward to the Purchaser or any party/parties any keys to the property.
NO VACANT POSSESSION. 15.1 The Purchaser shall upon full payment of the Balance Purchase Price together with all interest on late payment (if any) be entitled at his/her own costs and expenses take possession of the property.
15.2 ABB shall not be under any obligation whatsoever to deliver vacant possession of the property or forward to the Purchaser or any party/parties any keys to the property.
NO VACANT POSSESSION. The Purchaser shall upon full payment of the Balance Purchase Price together with all interest on late payment (if any) be entitled at his own costs and expenses to take possessions of the Property.
NO VACANT POSSESSION. 14.1 The Successful Purchaser shall upon full payment of the Balance Purchase Price together with all interests on late payment (if any) be entitled at his/her own costs and expenses possession of the Property; and
14.2 Assignee/Financier shall not be under any obligation whatsoever to deliver vacant possession of the Property or to forward to the Successful Purchaser or any party/parties any keys to the property.