Property Tenants definition
Examples of Property Tenants in a sentence
Should an accident occur from ▇▇▇▇▇▇'s negligence that destroys or ▇▇▇▇▇ the building or other improvements located on the Leased Property, Tenants will be jointly and severally responsible for all costs to repair damages as well as paying any insurance deductible due under ▇▇▇▇▇▇▇▇'s policy of insurance.
If Tenant fails to remove Tenant's Property within 30 days after request by Landlord, then Tenant shall be deemed to have abandoned Tenant's Property, Tenant's Property shall become the property of Landlord, and Landlord may remove, store and dispose of Tenant's Property.
If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which Landlord proposes to sell the Property to a third party.
Tenants use waterbeds on the Rental Property, Tenants MUST obtain prior written approval from the Landlord.
Tenant agrees that in the event Tenant becomes the owner of the Building Real Property, Tenant's leasehold hereunder shall not then or thereafter merge with the fee estate and Tenant hereby irrevocably surrenders any right to effect such merger and this Lease shall continue in full force and effect.
The Prorated Items shall include a credit to Buyer in an amount equal to all prepaid rentals for periods after the applicable Closing Date and all security deposits (or remaining portions thereof) required to be returned under the applicable Property Lease, in each case, to the extent the foregoing were paid by Property Tenants and not otherwise paid or made available to Buyer.
Tenant agrees that Tenant is solely responsible for the timely payment before delinquency of possessory interest taxes and any other tax, levy or assessment upon the Property, Tenant's personal property, improvements, and fixtures upon the Property.
If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which ▇▇▇▇▇▇▇▇ proposes to sell the Property to a third party.
If ▇▇▇▇▇▇(s) are unable to occupy the Property after thirty (30) days after the Commencement Date because of construction on the Property or a prior tenant’s holding over of the Property, Tenant(s) may terminate this Lease Agreement by giving written notice to Owner Representative before the Property becomes available to be occupied by ▇▇▇▇▇▇(s), and Owner Representative will refund to Tenant(s) the Security Deposit and any rent paid.
The parties release each other, and their respective authorized representatives, from any claims for damage to any person or to the Property and to the fixtures, personal Property, Tenant's improvements, and alterations of either Landlord or Tenant in or on the Property that are caused by or result from risks insured against any insurance policies carried by the parties and in force at the time of any such damage.