Common use of Buildings and Improvements Clause in Contracts

Buildings and Improvements. (a) It is the express intention of the parties that Lessee(s) shall own all buildings and other improvements made to or on the Homesite by them or on their behalf (herein "Improvements"), subject to the terms and conditions set forth in this Agreement. (b) Building plans for Improvements shall comply with building principles and policies adopted by the Co-op, and such plans shall be submitted to and approved by the Co-op prior to the commencement of any construction. All Improvements shall be constructed in compliance with local zoning ordinances and any zoning permits issued to the Co-op. Compliance with any regulations (such as water supply or septic) required by State or local authorities, together with the costs of such compliance, shall be the responsibility of Lessee (s). Lessee(s) shall, at Lessee(s)' sole expense, maintain the Homesite and Improvements in accordance with the provisions of this Agreement. Except as otherwise described in this Agreement, the Co-op shall not be required to furnish any services or facilities or to make any other repairs to the Homesite or Improvements, and Lessee(s) hereby assume the full and sole responsibility for furnishing all such services or facilities. (c) Lessee(s) shall have the right to construct outbuildings which are consistent with the permitted uses of the Homesite and otherwise in compliance with this Agreement, provided that plans for such Improvements are submitted to and approved by the Co-op prior to the commencement of any construction. Such approval may be made contingent on any reasonable conditions or restrictions. (d) Lessee(s) agree to adequately insure their Improvements against loss and damage and against liabilities related to its use, except as otherwise agreed to by the Co- op. (e) Lessee(s) shall have the right to sever and remove their Improvements upon termination of this Agreement, irrespective of the extent to which they may be attached to the Homesite. The parties acknowledge that some damage or defacement may occur as a result of Lessee(s)' exercise of the right of severance and removal of Improvements. The potential of such damage shall in no way infringe on Lessee(s)' right of removal, but Lessee(s) shall be under an affirmative obligation to minimize such damage and to make every reasonable effort to return the Homesite to its original contours and vegetation. Lessee(s) shall provide the Co-op a reasonable opportunity to review and approve all removal plans prior to initiation.

Appears in 2 contracts

Sources: Proprietary Ground Lease Agreement, Proprietary Ground Lease Agreement