Common use of RECITALS AND PURPOSE Clause in Contracts

RECITALS AND PURPOSE. 1.1 Landlord is the owner of the building located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, situated in the Town of Fraser, County of Grand, State of Colorado. 1.2 Tenant desires to lease the property in order to operate a service business. 1.3 Landlord has determined that the property is not currently needed for the Landlord’s purposes, and that the leasing of said premises to Tenant would serve a valid public purpose by putting a vacant property into productive use and contributing to the local economy. 1.4 Landlord and Tenant desire to confirm their understanding and agreement concerning said lease, all as more fully provided herein below.

RECITALS AND PURPOSE. 1.1 Landlord is the owner of the building located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇200 Eisenhower, situated in the Town of Fraser, County of Grand, State of Colorado. 1.2 Tenant desires to lease the property in order to operate a service business. 1.3 Landlord has determined that the property is not currently needed for the Landlord’s purposes, and that the leasing of said premises to Tenant would serve a valid public purpose by putting a vacant property into productive use and contributing to the local economy. 1.4 Landlord and Tenant desire to confirm their understanding and agreement concerning said lease, all as more fully provided herein below.