Personal Property Removal and Replacement of Personal Property Sample Clauses

The 'Personal Property; Removal and Replacement of Personal Property' clause defines the rights and responsibilities regarding personal property located on the premises. It typically specifies which items are considered personal property versus fixtures, outlines the tenant’s or owner’s right to remove personal property at the end of a lease or upon sale, and may set conditions for replacing or restoring any removed items. This clause ensures clarity about ownership and the process for handling personal property, thereby preventing disputes over what can be taken or must remain when occupancy changes.
Personal Property Removal and Replacement of Personal Property 
View SourceView Similar (18)

Related to Personal Property Removal and Replacement of Personal Property

  • Replacement of Personal Property No personal property included as part of the Property shall be removed from the Property unless the same is replaced with similar items of at least equal quality prior to the Closing Date.

  • Removal of Personal Property Seller shall remove from the Property by the Possession Date all debris and Seller’s personal property not conveyed by ▇▇▇▇ of Sale to Buyer.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.

  • Condition of Personal Property All tangible personal property, equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: