Examples of Tenant Property in a sentence
The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document.
Notwithstanding and in addition to the foregoing, with respect to a Tenant Financing, Landlord and Prime Landlord agree, at Tenant’s request, to execute such instruments as are reasonably requested by Tenant or Tenant’s lender providing the Tenant Financing to evidence Landlord’s and/or Prime Landlord’s waiver of any statutory landlord’s lien or similar lien, or other security interest on the Tenant Property.
Upon the occurrence and during the continuance of an Event of Default, Landlord may exercise all rights and remedies under this Lease and the laws of the state where the Facility is located that are available to a lessor of real and personal property in the event of a default by its lessee, and as to the Tenant Property, all remedies granted under the laws of such state(s) to a secured party under its Uniform Commercial Code.
Tenant Property Insurance and Landlord Property Insurance are referred to collectively herein as “Property Insurance”.
Tenant shall be required to deliver to Landlord an updated Tenant Property Schedule upon the commencement of each Lease Year and in connection with any change or replacement of Agent Bank.