LETTING THE PROPERTY Clause Samples

The 'Letting the Property' clause defines the terms and conditions under which the property may be rented out to tenants. It typically outlines the landlord's rights to lease the property, the tenant's obligations during the tenancy, and any restrictions on subletting or assigning the lease. For example, it may specify that the tenant cannot sublet the premises without the landlord's written consent or must use the property only for residential purposes. This clause ensures that both parties understand their rights and responsibilities regarding the use and occupation of the property, thereby preventing disputes and clarifying the scope of permitted activities.
LETTING THE PROPERTY. 11.1 The Purchaser acknowledges and accepts that before the Property may be let to a Tenant(s), the Estate Manager, acting on behalf of the trustees of the Body Corporate, must grant its written approval. 11.2 Within 14 (FOURTEEN) days of the Purchaser informing the Estate Manager or Managing Agent of the identity(ies) of the Tenant/s, the Purchaser undertakes, at his own expense, to furnish the Estate Manager / Managing Agent with reasonable proof that the Tenant has attained the age of 50 (FIFTY) years. It is therefore agreed that the Primary Occupant is required to be a minimum of 50 (Fifty) years old. Should any of the occupants of the property are under the age of 50 (Fifty) years old then such occupant is required to apply and obtain consent of the Body Corporate. Furthermore, should the primary occupant predecease the secondary occupant/s, then the secondary occupant would need to apply to the Estate Manager / Managing agent for the right to remain on the property, which decision will be binding. Such persons to be considered would be, but not limited to the following: Life Partner, Spouse or Dependant. Furthermore, the Developer shall have the right to decide on whether or not such dependant/s are permitted to reside in the units. Once the Developer has transferred the first unit, the body corporate will be formed and the nominated Trustees will attend to any further decisions regarding dependants under the age of 50(fifty) residing in the units 11.3 Within 14 (fourteen) days of the Purchaser informing the Estate Manager / Managing Agent of the identity(s) of the Tenant/s, the Tenant/s will have to undergo a medical assessment, which will be carried out by the Care Provider in order to determine the level of care required by the Tenant as well as the physical and mental condition of the Tenant/s which costs will be for the account of the Purchaser. 11.4 The Purchaser acknowledges and agrees that, depending on the contents of the Medical assessment, and prior to the Occupation Date, the Estate Manager / Managing Agent may require a face-to-face interview with the Tenant(s) in their sole and absolute discretion, in order to establish the care needs of Tenant(s) and assess the suitability of the proposed Tenant(s) to reside in the Scheme. 11.5 Pursuant to review of the documentation mentioned in clauses 11.2 and 11.3, (and the face-to-face interview if applicable), should the Estate Manager / Managing Agent (the Care Provider) recommend that the Tenan...
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Related to LETTING THE PROPERTY

  • Marketing the Property In an effort to properly and efficiently market the Property, the Seller grants the following permissions to the Agency: (Initial ALL That Apply)

  • SUBLETTING OR ASSIGNING THE CONTRACT This provision is applicable to all Federal-aid construction contracts on the National Highway System. 1. The contractor shall perform with its own organization contract work amounting to not less than 30 percent (or a greater percentage if specified elsewhere in the contract) of the total original contract price, excluding any specialty items designated by the contracting agency. Specialty items may be performed by subcontract and the amount of any such specialty items performed may be deducted from the total original contract price before computing the amount of work required to be performed by the contractor's own organization (23 CFR 635.116). a. The term “perform work with its own organization” refers to workers employed or leased by the prime contractor, and equipment owned or rented by the prime contractor, with or without operators. Such term does not include employees or equipment of a subcontractor or lower tier subcontractor, agents of the prime contractor, or any other assignees. The term may include payments for the costs of hiring leased employees from an employee leasing firm meeting all relevant Federal and State regulatory requirements. Leased employees may only be included in this term if the prime contractor meets all of the following conditions: (1) the prime contractor maintains control over the supervision of the day-to-day activities of the leased employees; (2) the prime contractor remains responsible for the quality of the work of the leased employees; (3) the prime contractor retains all power to accept or exclude individual employees from work on the project; and (4) the prime contractor remains ultimately responsible for the payment of predetermined minimum wages, the submission of payrolls, statements of compliance and all other Federal regulatory requirements. b. Specialty Items" shall be construed to be limited to work that requires highly specialized knowledge, abilities, or equipment not ordinarily available in the type of contracting organizations qualified and expected to bid or propose on the contract as a whole and in general are to be limited to minor components of the overall contract. 2. The contract amount upon which the requirements set forth in paragraph (1) of Section VI is computed includes the cost of material and manufactured products which are to be purchased or produced by the contractor under the contract provisions. 3. The contractor shall furnish (a) a competent superintendent or supervisor who is employed by the firm, has full authority to direct performance of the work in accordance with the contract requirements, and is in charge of all construction operations (regardless of who performs the work) and (b) such other of its own organizational resources (supervision, management, and engineering services) as the contracting officer determines is necessary to assure the performance of the contract. 4. No portion of the contract shall be sublet, assigned or otherwise disposed of except with the written consent of the contracting officer, or authorized representative, and such consent when given shall not be construed to relieve the contractor of any responsibility for the fulfillment of the contract. Written consent will be given only after the contracting agency has assured that each subcontract is evidenced in writing and that it contains all pertinent provisions and requirements of the prime contract. 5. The 30% self-performance requirement of paragraph (1) is not applicable to design-build contracts; however, contracting agencies may establish their own self-performance requirements.

  • Condition of the Leased Property Lessee acknowledges receipt and delivery of possession of the Leased Property. Lessee has examined and otherwise has knowledge of the condition of the Leased Property and has found the same to be satisfactory for its purposes hereunder. Lessee is leasing the Leased Property “as is” in its present condition. Lessee waives any claim or action against Lessor in respect of the condition of the Leased Property. LESSOR MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY, OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY LESSEE. LESSEE ACKNOWLEDGES THAT THE LEASED PROPERTY HAS BEEN INSPECTED BY LESSEE AND IS SATISFACTORY TO IT. Provided, however, to the extent permitted by law, Lessor hereby assigns to Lessee all of Lessor’s rights to proceed against any predecessor in title (other than any Affiliate of Lessee, which conveyed the Property to Lessor) for breaches of warranties or representations or for latent defects in the Leased Property. Lessor shall fully cooperate with Lessee in the prosecution of any such claim, in Lessor’s or Lessee’s name, all at Lessee’s sole cost and expense. Lessee hereby agrees to indemnify, defend and hold harmless Lessor from and against any claims, obligations and liabilities against or incurred by Lessor in connection with such cooperation.

  • Condition of the Property All bidders shall be deemed to have carried out all investigations and examinations of the Property and the title particulars at their own costs and expenses and upon being successful, accept the property in the state and condition in which the Property is at the date of the auction sale.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on