The Leased Property Clause Samples
The "Leased Property" clause defines the specific real estate, premises, or space that is subject to the lease agreement. It typically describes the location, boundaries, and any included fixtures or amenities, such as parking spaces or storage areas, to ensure both parties are clear on what is being leased. By precisely identifying the leased property, this clause prevents disputes over the scope of the lease and ensures both landlord and tenant understand their rights and obligations regarding the physical space.
The Leased Property. In accordance with the terms of this Agreement, the Lessor hereby delivers to the Lessee the use and temporary possession of the Leased Property and the Lessee accepts the same and agrees to be obligated to use and enjoy the Leased Property in accordance with the provisions of this Agreement and the applicable Laws.
The Leased Property. 2.1 The leased property which consists of a store, offices, stockroom, garbage storage and a part of technical room on the ground/floor is a total of 1.176,5 square meters (hereafter SM), but included in that figures is a 142,4 sm. mezzanine. If the size of the mezzanine changes the rent changes according to that.
2.2 The leased property which consists of a store and/or a stockroom on the second floor is 264,5 SM.
2.3 The leased property is better defined in enclosed preliminary drawing (see appendix 1).
2.4 The right to use and enjoy the common area of the property is included in the lease.
The Leased Property. In consideration of the obligation of Tenant to pay rent as herein provided, and in consideration of the other terms, provisions, and covenants hereof, Landlord demises and leases to Tenant, and Tenant hereby takes from Landlord, the real estate as shown on Exhibit A (the “Leased Property”).
The Leased Property. Areas on the second floor and on the fifth floor, as set forth hereafter, in building no. 11 in Kiryat Weizmann Science Park in ▇▇▇▇ ▇▇▇▇▇ (hereinafter respectively: the “Building”, the “Park”), as marked in red on the blueprint attached to this agreement as appendix “C” and as set forth in the technical specifications attached as appendix “I”.
The Leased Property. Subject to the terms and provisions of the Lease, the Lessor has demised and leased the Leased Property to the Lessee, and the Lessee has hired and let the Leased Property from the Lessor, for the term of the Lease described in Section 3(a) below.
The Leased Property. Dock has not caused a Release of Hazardous Materials on or at the Leased Property in connection with its use or occupancy of the Leased Property prior to the Closing Date for which Dock is, was or will in the future be required to perform Remedial Actions pursuant to applicable Environmental Laws.
The Leased Property. Parties agree to expand the leased spaces under the Base Lease Agreement (as amended by Addenda 1 to 21) with effect from 08/17/2020 with: at the office site Mechelen Campus, located at Schaliënhoevedreef 20F in 2800 Mechelen:
(i) 640m² gross leasable area ("GLA") office space, Unit "3/A" on the third floor, incl. a share of common areas, as indicated on the plan in Annex 1 (ii) 9 outdoor parking spaces, nos. 806, 807, 365 through 371, as indicated on the plan in Annex 2 (iii) 9 indoor parking spaces, nos. 406 through 413, as indicated on the plan in Annex 3. Hereinafter referred to as "Leased Property”.
The Leased Property. The Lessor hereby leases to the Lessee, who accepts, the Leased Property as described in the Special Conditions. The Leased Property is known to the Lessee, who does not request any further description except for the initial property description as specified in Article 10 of the General Conditions. The Lessee accepts the Leased Property in its current condition and does not require any additional works from the Lessor in connection with the delivery of the Leased Property. The surface areas mentioned in the Special Conditions are purely indicative and are not guaranteed in terms of actual size, whether more or less, which may be to the advantage or disadvantage of the Lessee. If the Leased Property includes parking spaces, the Lessor reserves the right to modify or reassign these parking spaces at any time if required due to, for example, construction works, safety, or internal organization of the Building, without this giving rise to any right to compensation for the Lessee. Any temporary parking spaces may be terminated by the Lessor at any time, with one month’s prior notice by registered mail. The Lessor grants the Lessee, its appointees, and visitors a right of passage through the main entrance, halls, staircases, and corridors that lead directly to the Leased Property.
The Leased Property. Under the covenants made under this agreement, the LESSOR hereby delivers in lease to the LESSEE, and the LESSEE receives in lease, the use and temporary possession of the Leased Property that is built to this date. The LESSOR covenants and agrees to deliver the use and possession of the remaining portion of the Leased Property to the LESSEE, and the LESSEE covenants and agrees to receive same, as the construction thereof is finalized.
The Leased Property. CITY demises and leases to ▇▇▇▇▇▇▇ the real ------------------- property with improvements to be constructed, located at Spartanburg Downtown Memorial Airport, hereinafter described in Exhibit A, which is attached hereto --------- and, by reference, made a part of this Agreement together with such privileges and appurtenances as are set forth in this Agreement. ▇▇▇▇▇▇▇ intends to construct a hangar of approximately Eighteen Thousand (18,000) square feet at an estimated cost of Nine Hundred Thousand and No/100 Dollars ($900,000.00) for use by ▇▇▇▇▇▇▇.