Demised Premises and Term Clause Samples
The "Demised Premises and Term" clause defines the specific property or space being leased and establishes the duration of the lease agreement. It typically describes the physical boundaries or address of the premises and states the exact start and end dates of the tenancy. By clearly identifying what is being leased and for how long, this clause ensures both parties understand their rights and obligations regarding the property, thereby preventing disputes over the leased area or the lease period.
Demised Premises and Term. (a) In consideration of the rents and additional rents hereinafter reserved and all of the provisions, agreements, covenants and conditions hereinafter contained, Landlord hereby leases and demises to Tenant, and Tenant hereby hires, leases and takes from Landlord approximately 18,000 square feet of floor space ("Floor Space"), being the entire Building, more particularly indicated and described by cross-hatching on the Plot Plan (the Building being hereinafter referred to as the "Demised Premises") located on Lot No. 3/1 in the Center located in the BOROUGH OF SHREWSBURY, COUNTY OF MONMOUTH and STATE OF NEW JERSEY, together with all improvements to be constructed thereon by the Landlord for the use of the Tenant, and all easements, tenements and appurtenances thereto, including without limitation, and the use of the parking spaces outlined in red on Exhibit A which shall be reserved for use by Tenant (the aforesaid parking spaces and the drive aisles between said spaces are hereinafter referred to as "Tenant's Parking Area"), it being understood that Landlord shall not be responsible for enforcing the exclusivity of the parking space except with respect to Landlord's employees, agents and contractors, provided, however, that Landlord shall place and maintain signs and/or other markings designating such spaces (as Landlord shall determine as appropriate in Landlord's reasonable discretion) as Tenant's exclusive spaces and shall fully cooperate with Tenant in Tenant's efforts to enforce the exclusivity of such spaces.
(b) The parties acknowledge that the Landlord may, at Landlord's sole option, erect and has erected other buildings on Lot No. 3/1 (which may be different in design and construction from the Building). Landlord shall have sole control and discretion in connection with the scope, design and aesthetics of any such additional construction.
(c) The Demised Premises are demised and let subject to (i) the existing state of the title thereof; (ii) any state of facts which an accurate survey or physical inspection thereof might disclose; (iii) all zoning regulations, restrictions, rules and ordinances now in effect or hereafter adopted by any governmental authority having jurisdiction; and (iv) any utility, sewer or drainage easements or agreements and the installations made pursuant thereto now existing or hereafter granted or installed; all without representation or warranty by Landlord, except as expressly set forth herein.
Section 1.02. As long as...
Demised Premises and Term. 1.01 Landlord hereby leases to Tenants the premises located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ and comprised of approximately 34,809 square feet ("Demised Premises"), for a term of five (5) years to commence on April 1, 2003, (the "Initial Term"). Lessee shall also have the exclusive right to park 140 passenger cars in the parking lots adjacent to the Demised Premises. Lessee shall clean and maintain walkway in front and rear of the Demised Premises, including removal of snow, ice and debris.
Demised Premises and Term. Landlord, in consideration of the rents hereinafter reserved and the terms, covenants, conditions, and agreements set forth in this Lease to be kept and performed by Tenant, does hereby demise and let unto Tenant, and Tenant does hereby hire and take from Landlord, the Demised Premises, subject only to Permitted Liens (as such term is defined in the Stock Purchase Agreement). TO HAVE AND TO HOLD the Demised Premises unto Tenant, its permitted successors and assigns, upon and subject to all of the terms, covenants, conditions, conditional limitations, and agreements herein contained for a term of years commencing on the date of this Lease and ending on July 31, 2026 (the “Basic Term”), or until said term is sooner terminated or extended pursuant to any of the conditional limitations or other provisions of this Lease.
Demised Premises and Term. In consideration of the rents reserved herein and in consideration of the agreements and conditions herein contained on the part of Tenant to be performed and observed, Landlord does hereby demise and lease to Tenant, and Tenant does hereby hire from Landlord, the premises described in Schedule A of this Lease (hereinafter referred to as "demised premises"), for the original term of twelve (12) years commencing upon October 1, 2002 (the "Rent Day") and expiring upon September 30, 2014 (the "Original Term").
Demised Premises and Term. Section 2.01 Landlord, in consideration of the rents and ------------ covenants hereinafter specified to be paid and performed by Tenant, hereby leases to Tenant, and Tenant hereby rents from Landlord, the Demised Premises for the Term and upon the Fixed Rent hereinafter described, and otherwise upon the terms and conditions herein set forth. The Demised Premises shall be for the exclusive use of Tenant, and Landlord shall not be permitted to construct any improvements on the Demised Premises without Tenant's consent, unless required by this Lease.
Section 2.02 At any time after the Rent Commencement Date, ------------ at the request of either party, each party shall execute a certificate in recordable form setting forth the exact Rent Commencement Date and originally fixed Expiration Date.
Section 2.03 Landlord shall promptly provide Tenant with ------------ a copy of any correspondence that Landlord (or Landlord's environmental consultant including without limitation ▇▇▇▇▇▇▇ ▇▇▇▇▇▇) receives from or sends to the New Jersey Department of Environmental Protection (or any similar local, state, or federal governmental entity). In addition, Landlord shall use its best efforts to obtain, and deliver to Tenant, a site-wide No Further Action letter with a covenant by the New Jersey Department of Environmental Protection not to ▇▇▇ pursuant to N.J.S.A. 58:10B-13.1, and a release from ISRA (the "No Further Action Letter") as soon as possible.
Section 2.04 Notwithstanding anything else herein --------------- contained, provided that Tenant makes the proper applications therefor within ten (10) days of the Commencement Date, this Lease shall terminate at Tenant's option if Tenant is unable to obtain all necessary Governmental Approvals within sixty (60) days from the date hereof, in which event Landlord shall promptly return to Tenant any prepayment of Rent and the security deposit.
Demised Premises and Term. 1.01. The Landlord hereby leases to the Tenant the following premises, all located in ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ and hereinafter collectively referred to as the “Leased Premises”:
Demised Premises and Term. 3 2.1. Demised Premises................................................................ 3 2.2. Term............................................................................ 3 2.3. Tenant's Entry upon Demised Premises before Commencement Date................... 4 2.4. Intentionally Deleted........................................................... 4 ARTICLE 3
Demised Premises and Term. For the use and enjoyment of Tenant, Landlord leases to Tenant the Demised Premises for a term of ninety-nine (99) years commencing January 1, 2020 and ending December 31, 2118, unless sooner terminated as herein provided, for the consideration and upon the terms and conditions herein.
Demised Premises and Term. Landlord does hereby demise and lease to Tenant, and Tenant accepts all lease space ("Premises") in the building known as ______________________________ ("Building"), located at 7750 Professional Place, in Tampa, Florida ("Property"), upon real property more particularly described in SCHEDULE A annexed hereto and hereby made a part hereof (the "Land"), for a term commencing on the 15th day of February, 2006, and ending on the 14th day of February, 2007 ("Term"), unless sooner terminated as provided herein, subject to the agreements herein contained.
Demised Premises and Term. Landlord hereby agrees to lease to the Tenant and Tenant hereby agrees to lease from Landlord, upon the terms and conditions herein provided, that portion of the Office Building outlined in red on the floor plans affixed hereto as Exhibit~"B", ("the Premises" herein) for a term ("the Term" herein) commencing on October 1, 1996, ("the Commencement Date") and ending, unless sooner terminated as provided herein, on September 30, 1997. This Lease does not demise or grant any rights to light or air over the Land.