Building and Land Clause Samples

The 'Building and Land' clause defines the specific property, including both the physical structure and the land it occupies, that is subject to the agreement. This clause typically details the address, legal description, and boundaries of the property, and may also specify any included fixtures or improvements. By clearly identifying the exact property involved, the clause ensures there is no ambiguity about what is being transferred, leased, or otherwise dealt with, thereby preventing disputes over property scope or ownership.
Building and Land. The Regional School District owns the land and buildings located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇▇▇, Somerset residents will have access to use the land and building for town meetings and elections. Upon the dissolution of the Regional School District, the land reverts back to the town of Somerset at no cost but subject to any statutory or DESE regulatory requirements.
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Building and Land. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord during the term of this Lease, on the terms and conditions set forth herein, those certain premises (hereinafter referred to as the "Demised Premises") located in the building (the "Building") at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ and shown on the floor plan attached hereto as EXHIBIT A-3. The Building is a two-story steel frame structure containing 64,800 square feet of Rentable Area (as defined in Section 8.1 below) which includes the Demised Premises. The land upon which the Building is located is legally described in EXHIBIT A-1 attached hereto and together with all the improvements thereto, except the Building, is defined as the "Land." The Land and Building shall hereinafter collectively be referred to as the "Project." The conceptual site plan for the future Land improvements to be constructed in conformance with the PID Permit (defined below) and the current location of the Building is attached hereto as EXHIBIT A-2. Landlord shall make certain improvements to the Demised Premises, Building, Land and Common Area as described in the Construction Exhibit which is attached hereto as EXHIBIT B (the "Construction Exhibit").
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Building and Land. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord during the Term (as defined in Section 2.5), on the terms and conditions set forth in this Lease, those certain premises (the “Premises”) consisting of the entire building (the “Building”) at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, and identified on the site plan attached hereto as Exhibit A, excluding, however, the common telephone/data room in the Building. The Building is a one-story structure containing 11,960 square feet of Rentable Area (as defined in Section 8). The Building is a part of a three building commercial real estate complex commonly known as Sorrento Science Park that is located upon the land legally described on Exhibit B attached hereto (the “Land”). The Land, the Building, the other two buildings on the Land and all other improvements now or hereafter upon the Land are collectively referred to as the “Project.”
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Building and Land. The premises (the “Premises”) shall contain approximately 90,000 rentable square feet, which will be all of the rentable square footage of the three (3) story building (the “Building”) to be constructed in accordance with this Lease on the Land, as defined herein, in approximately the location indicated on that plan attached hereto as Exhibit A-3, together with a non-exclusive right to the use of and access to areas of the Building not regularly and customarily leased for the exclusive use of tenants, including, but not limited to, all driveways, sidewalks, entranceways, public lobbies, elevators, stairways, corridors, and restrooms, as well as common areas and other facilities on the Land and of the Common Areas as such term is defined in the Master Declaration. The Premises are more particularly described or depicted on the plans attached hereto as Exhibit A-1, which plans will be refined as provided in the Work Letter. The land on which the Building is located (the “Land”), as configured on the Effective Date, is described on Exhibit A-2.
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Building and Land. Landlord shall have the right to provide any insurance maintained or caused to be maintained by it under blanket policies.
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Building and Land. Landlord leases to Tenant, upon the terms and conditions contained in this Lease, the Premises (as defined in Section 1.04) together with the right, in common with others, to use the Common Area Facilities (as hereinafter defined) of the Building (as hereinafter defined) and of the Land (as hereinafter defined) on which the Building is located. As used in this Lease, the "Common Area Facilities" shall include all freight and passenger elevators, loading docks, sidewalks, parking areas, driveways, hallways, stairways, public restrooms, common entrances, lobby, cafeteria, fitness center, emergency systems and other similar public areas and access ways of the Building and the Land.
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Building and Land. 1 1.2 Parking and Other Common Area........................... 1 1.3 CC&Rs and PID Permit.................................... 1
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Building and Land. 2 1.04 Premises................................................ 2 1.05 Area Verification and Measurement....................... 3 1.06 Use..................................................... 3 1.07
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Related to Building and Land

  • Building and Improvements Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee's personal property shall be insured by Lessee not by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $5,000 per occurrence.

  • Premises Parking and Common Areas 2.1 Letting Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms covenants and conditions set forth in this Lease. Unless otherwise provided herein, any statement of square footage set forth in this Lease, or that may have been used in calculating rental and/or Common Area Operating Expenses, is an approximation which Lessor and Lessee agree is reasonable and the rental and Lessee's Share (as defined in Paragraph 1.6(b)) based thereon is not subject to revision whether or not the actual square footage is more or less.

  • The Building and The Project The Premises are a part of the building set forth in Section 2.1 of the Summary (the “Building”). The term “Project,” as used in this Lease, shall mean (i) the Building and the Common Areas and (ii) the land (which is improved with landscaping, parking facilities and other improvements) upon which the Building and the Common Areas are located.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Access to Leased Premises Landlord may enter the Leased Premises after business hours, upon twenty-four (24) hour notice to Tenant (and at any time and without notice in case of emergency), for the purposes of (a) inspect the Leased Premises, (b) exhibiting the Leased Premises to prospective purchasers, lenders or, within one hundred eighty (180) days of the end of the Term, prospective, (c) determining whether Tenant is complying with all of its obligations hereunder, (d) supplying janitorial service and any other services to be provided by Landlord to Tenant hereunder, (e) post notices of non-responsibility, and (f) make repairs required of Landlord under the terms hereof or repairs to any adjoining space or utility services or make repairs, alterations or improvements to any other portion of the Building. For such purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, on or about the Leased Premises (excluding Tenant’s vaults, safes, storage facilities for sensitive materials, confidential patient files and similar areas designated in writing by Tenant in advance); and Landlord shall have the right to use any and all means which Landlord may deem proper to open said doors in any emergency in order to obtain entry to the Leased Premises. If, as a result of any such inspection or for any reason, Landlord reasonably determines that Tenant has failed to meet its obligations under Section 5.2 hereof, Landlord shall so notify Tenant and Tenant shall immediately commence to cure any such failure. In the event Tenant refuses or neglects to commence and complete such cure within a reasonable time, Landlord may make or cause to be made such repairs. In such event, Landlord’s cost to make such repairs shall constitute an Advance.