Description of Leased Real Property Sample Clauses
The "Description of Leased Real Property" clause defines and identifies the specific real estate that is subject to the lease agreement. This clause typically includes details such as the property’s address, legal description, boundaries, and any included structures or improvements, ensuring both parties are clear about what is being leased. By precisely outlining the leased premises, this clause prevents disputes over property boundaries or usage and ensures both landlord and tenant have a mutual understanding of the subject of the lease.
POPULAR SAMPLE Copied 1 times
Description of Leased Real Property. Schedule 3.15 of the Disclosure Schedules contains a correct legal description, street address and Tax parcel identification number of all tracts, parcels and subdivided lots in which Seller has a leasehold interest and an accurate description (by location, name of lessor, date of lease and term expiry date) of all real property leases.
Description of Leased Real Property. Part 3.8 contains a correct legal description, street address and tax parcel identification number of all tracts, parcels and subdivided lots in which Seller has a leasehold interest and an accurate description (by location, name of lessor, date of Lease and term expiry date) of all Real Property Leases.
Description of Leased Real Property. Part 5.7 contains a correct street address of all real property leased by Buyer and an accurate description by location, name of lessor, date of lease, a brief description of any rights to renew or extend the term and term expiration date of all real property leases including any amendments thereof or options to renew thereon.
Description of Leased Real Property. Part 3.8 contains a correct legal description and street address of all tracts, parcels and subdivided lots in which Seller has a leasehold interest and an accurate description (by location, name of lessor, date of Lease and term expiry date) of all Real Property Leases.
Description of Leased Real Property. Exhibit 3.6 contains a description of the Leased Real Property.
Description of Leased Real Property. Schedule B contains a correct legal description, street address and tax parcel identification number of all tracts, parcels and subdivided lots in which Seller has a leasehold interest and an accurate description (by location, name of lessor, date of lease and term expiry date) of all real property leases.
Description of Leased Real Property. Section 2.1 (d) of the Seller Disclosure Letter contains a list of all Real Property Leases which are used solely in the Business.
Description of Leased Real Property. Section 3.8 of the Disclosure Schedule contains a correct street address of all tracts, parcels and subdivided lots in which a Seller has a leasehold interest (the “Leased Real Property”) and an accurate description (by location, name of lessor, date of Lease and term expiry date) of all Real Property Leases to which a Seller is a party. Except as set forth in Section 3.8 of the Disclosure Schedule, such Seller has the exclusive right under the Real Property Leases to occupy and use the Leased Real Property. No Seller has received written notice of any condemnation proceedings, suits or administrative actions relating to the Leased Real Property.
Description of Leased Real Property. Schedule 3.5 contains an accurate description (by location, name of lessor, date of Lease and term expiry date) of the sole real property lease of Seller. It is agreed that Buyer will assume such lease for a period of ninety (90) days, with an option to assume the full balance of such lease term under the current lease terms and conditions.
Description of Leased Real Property. Part 3.7 contains the correct street address of all real property leased by Parascript and an accurate description by location of the name of lessor, the date of lease, a brief description of any rights to renew or extend the term and the term expiration date of all such real property leases, including any amendments thereof or options to renew thereon.