Common use of Independence of the Real Property Clause in Contracts

Independence of the Real Property. The Real Property may be operated independently from other land and improvements not included within or located on the Land, and it is not necessary to own or control any property other than the Real Property in order to meet the obligations of the landlord under any Lease, or in order to comply with the Legal Requirements.

Appears in 10 contracts

Sources: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing (RREEF Property Trust, Inc.), Open End Mortgage Deed, Security Agreement and Fixture Filing (GTJ Reit, Inc.)

Independence of the Real Property. The Real Property may be operated independently from other land and improvements not included within or located on the Land, and it is not necessary to own or control any property other than the Real Property in order to meet the obligations of the landlord under any Lease, or in order to comply with the Legal Requirements.

Appears in 1 contract

Sources: Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)