Common use of RIGHTS AND OBLIGATIONS OF THE LESSOR Clause in Contracts

RIGHTS AND OBLIGATIONS OF THE LESSOR. The Lessor, at the Lessor’s expense, shall keep in good condition and repair the foundations, exterior walls and roof of the Building. The Lessor shall ensure maintenance of the fire prevention, heating, plumbing, ventilating, air conditioning, water supply, sewerage and electrical systems, devices and appliances, including devices and appliances on Premises. The Lessor reserves the right to install new or additional utility facilities throughout the Building and the Common areas for the benefit of the Lessee or other lessees of the Building, including, but not limited to such utilities as plumbing, electrical systems, communication systems, fire protection and detection systems, so long as such installations do not unreasonably interfere with ▇▇▇▇▇▇’s use of the Premises. The Lessor shall ensure 24-hour guard of the Building. The Lessor or its authorised representative shall be entitled to enter the Premises in order to check on the Premises’ condition, in case such entry is performed at a previously approved time with the Lessee's consent within min. one (1) day’s notice in advance. The Lessor may serve upon the Lessee a notice in writing specifying any repairs necessary to be done, if damages arise through the Lessee’s fault, and require the Lessee to eliminate them. If the Lessee does not within 10 days after service of such notice proceed diligently with the execution of such repairs, the Lessee shall permit the Lessor or its representatives and workmen to enter the Premises and execute such repairs. The costs of such repairs shall be paid by the Lessee according to the Lessor’s invoice. In an emergency (for example, fire, explosion, water-damage) the Lessor shall enter the Premises at any time day and night. The Lessee shall make the Premises accessible and shall provide the Lessor with the keys of the Premises for this purpose. Within three (3) months before the expiry of the term of this Agreement the Lessor or its representatives shall be entitled to enter the Premises together with persons willing to lease the Premises after the expiry of the term of this Agreement, at working hours with min. one (1) working day’s notice in advance and the Lessee undertakes not to object to such visits. The Lessor may take planned reconstruction measures with the purpose of modernisation of the Building without the Lessee's consent, in case the above measures and extent hereof have been notified to the Lessee one (1) month in advance. The Lessee shall not have the right to compensation or reduced Rent in case of customary repair works to the Building or Common areas unless these repair works substantially interferes with the Lessee’s business activities. Such reconstruction shall be agreed upon in writing. The Lessor shall: provide the Lessee with all communal services, which receiving depends on the Lessor; notify the Lessee of planned overhaul and/or reconstruction of the Building one (1) month in advance; notify the Lessee one (1) month in advance of short-term repairs and/or reconstruction that may interfere with the Lessee's use of the Premises; review maintenance costs and charges for utilities in case the Lessee fails to receive communal services envisaged hereunder through the ▇▇▇▇▇▇'s fault; abstain from hindering the Lessee in its use of the Premises. In case of alienating of the Building to another person, to ensure that the Lessee retains its rights as a Lessee. The Lessor will not object against the Lessee’s rights to register the Lease Agreement in the Land Book. The payment for registration shall be made at the Lessee’s expenses. In case of some accident due to the fault of the Lessor, it undertakes to eliminate such damages immediately, but not longer than within 72 (seventy two) hours after the Lessee’s application, if possible. If the damages are not eliminated during this period, the Lessee has a right to eliminate damages by own expense accordingly handing in the bill to the Lessor who shall immediately refund the Lessee’s expenses, but not later that 15 days after the Lessor has received an invoice from the Lessee. At all times during the term of the Agreement, the Lessor shall have a valid insurance policy and shall promptly pay all premiums in respect thereof, covering the building in an amount equal to its replacement value, providing protection against the usual risks, including fire, vandalism, flood, malicious mischief and any other damage to the Building, as well as third party liability and the necessary cleanup before rebuilding and restoring may commence.

Appears in 1 contract

Sources: Loan Agreement

RIGHTS AND OBLIGATIONS OF THE LESSOR. a. The Lessor, Lessor shall be allowed to enter and inspect the Leased Premises giving prior notice. b. The Lessee shall permit the Lessor or his/her duly authorized agents etc. upon reasonable prior notice to enter the Leased Premises for inspection and/or to carry out any structural or major repairs as and when necessary at a mutually agreed time. c. The Lessor shall also be solely liable to return the Lessor’s expense, shall keep in good condition and repair interest-free Security Deposit to the foundations, exterior walls and roof Lessee on the expiry or sooner determination of the Building. Lease according to the terms of this Agreement, whichever is earlier. d. The Lessor shall ensure maintenance that the Lessee enjoys quiet and peaceful possession of the fire preventionLeased Premises during the Tenure without disturbance in any manner whatsoever from the Lessor or any others representing the Lessor. e. The Lessor shall ensure that the Leased Premises remain in good and habitable condition throughout the Tenure. f. The Lessor hereby warrants that there are no lawsuits, heatingactions or proceedings filed or pending in any court of law or before any judicial or quasi-judicial bodies/authorities which would affect the Leased Premises and/or which would affect the Lease granted herein. g. The Lessor shall pay all property taxes and all other duties, plumbingcess, ventilatingimpositions etc., air conditioninglevied by the municipal authorities, water supplysociety charges, sewerage non-occupancy charges and electrical systemsother similar government outgoings up to the Lease Commencement Date and during the Tenure, devices within the prescribed time frame to not jeopardize the rights and appliancesinterest of the Lessee conferred under this Agreement. h. The Lessor represents to the Lessee that the Leased Premises is free from any encumbrance, including devices and appliances on Premisescharge, lien or third party claim except for this Lease granted to the Lessee. The Lessor reserves has not granted any lease or tenancy or created any interest in any favor of any third party about the right to install new or additional utility facilities throughout Leased Premises. i. In the Building and the Common areas for the benefit event of the Lessee or other lessees is lawfully dispossessed from the Leased Premises for any reason whatsoever, the Lessor shall return the Security Deposit without raising any objection whatsoever, on the date of dispossession of the Building, including, but not limited to such utilities as plumbing, electrical systems, communication systems, fire protection Lessee and detection systems, so long as such installations do not unreasonably interfere with ▇▇▇▇▇▇’s use of the Premises. The Lessor shall ensure 24-hour guard of the Building. The Lessor or its authorised representative shall be entitled to enter the Premises in order to check on the Premises’ condition, in case such entry is performed at a previously approved time with the Lessee's consent within min. one (1) day’s notice in advance. The Lessor may serve upon the Lessee a notice in writing specifying any repairs necessary to be done, if damages arise through the Lessee’s faultright, and require the Lessee Clause 4 would continue to eliminate them. If the Lessee does not within 10 days after service of apply in such notice proceed diligently with the execution of such repairs, the Lessee shall permit the Lessor or its representatives and workmen to enter the Premises and execute such repairs. The costs of such repairs shall be paid by the Lessee according to the Lessor’s invoice. In an emergency (for example, fire, explosion, water-damage) the Lessor shall enter the Premises at any time day and night. The Lessee shall make the Premises accessible and shall provide the Lessor with the keys of the Premises for this purpose. Within three (3) months before the expiry of the term of this Agreement the Lessor or its representatives shall be entitled to enter the Premises together with persons willing to lease the Premises after the expiry of the term of this Agreement, at working hours with min. one (1) working day’s notice in advance and the Lessee undertakes not to object to such visits. The Lessor may take planned reconstruction measures with the purpose of modernisation of the Building without the Lessee's consent, in case the above measures and extent hereof have been notified to the Lessee one (1) month in advance. The Lessee shall not have the right to compensation or reduced Rent in case of customary repair works to the Building or Common areas unless these repair works substantially interferes with the Lessee’s business activities. Such reconstruction shall be agreed upon in writing. The Lessor shall: provide the Lessee with all communal services, which receiving depends on the Lessor; notify the Lessee of planned overhaul and/or reconstruction of the Building one (1) month in advance; notify the Lessee one (1) month in advance of short-term repairs and/or reconstruction that may interfere with the Lessee's use of the Premises; review maintenance costs and charges for utilities in case the Lessee fails to receive communal services envisaged hereunder through the ▇▇▇▇▇▇'s fault; abstain from hindering the Lessee in its use of the Premises. In case of alienating of the Building to another person, to ensure that the Lessee retains its rights as a Lessee. The Lessor will not object against the Lessee’s rights to register the Lease Agreement in the Land Book. The payment for registration shall be made at the Lessee’s expenses. In case of some accident due to the fault of the Lessor, it undertakes to eliminate such damages immediately, but not longer than within 72 (seventy two) hours after the Lessee’s application, if possible. If the damages are not eliminated during this period, the Lessee has a right to eliminate damages by own expense accordingly handing in the bill to the Lessor who shall immediately refund the Lessee’s expenses, but not later that 15 days after the Lessor has received an invoice from the Lessee. At all times during the term of the Agreement, the Lessor shall have a valid insurance policy and shall promptly pay all premiums in respect thereof, covering the building in an amount equal to its replacement value, providing protection against the usual risks, including fire, vandalism, flood, malicious mischief and any other damage to the Building, as well as third party liability and the necessary cleanup before rebuilding and restoring may commencecases.

Appears in 1 contract

Sources: Leave and License Agreement