THE LEASEHOLDERS Clause Samples

The "Leaseholders" clause defines who the leaseholders are within the context of the agreement, typically identifying the individuals or entities that hold the lease to the property. This clause may specify the rights, responsibilities, and obligations of the leaseholders, such as payment of rent, maintenance duties, or compliance with property rules. By clearly identifying the leaseholders and their roles, the clause ensures clarity regarding who is bound by the lease terms and helps prevent disputes over responsibility or authority under the lease.
THE LEASEHOLDERS. Originals or copies of all leases and deeds of variation and other licences etc.
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THE LEASEHOLDERS. Originals or copies of all leases and deeds of variation and other licences etc. • Copy of any current house rules. • Details of any ongoing assignments. • Names and contact details of all lessees, including those who are not resident. • Details of any sub-let flats and their occupants. • Schedule of ground rentspayable. • Schedule of service charge apportionments per unit. • Details of any current disputes whether involving lessees, contractors or other parties. • Details of any current or impending litigation whether for or against the client. • Details of solicitors employed. • Certified service charge accounts for at least the last three years and preferably six years or longer. • Copy of the current service charge budget. • Bank statements relating to lessee and client monies for the property. • A reconciled copy of the cash book. • Service charge balances andstatements. • Paid contractors and suppliers invoices for the current period and previous years. (Note: The receipts and invoices to support service charges belong to landlord so, if the agent changes, all years held should be handed over. Tribunals can review charges made many years ago if a challenge is made by lessees.) • Outstanding contractors and suppliers invoices. • Reconciled trial balance and supporting schedules made up to the date of the handover. • A cheque for the balance of funds in hand. • Method of payment used by each lessee. • Agreed payment plans for arrears if any. • Copy correspondence about any outstanding arrears. • Copies of any contracts of employment along with job descriptions. • A full record of each person's employment history. • Details of any disciplinary action taken or other special circumstances. • PAYE records for the current period and the previous years if appropriate. • Details of any guarantees. • A full set of labelled keys, any spares and access codes and programming procedures. • Copies of unanswered correspondence and other relevant enquiries. • Copy of any risk assessments carried out. • Copy of any accident records. • Copy of any asbestos register. • CDM file if appropriate.
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THE LEASEHOLDERS. 23.1 The Leaseholders each acknowledge and declare that this Agreement has been entered into by the Owner with their consent and each individually consent to the Site being bound by the covenants, obligations and undertakings contained herein save that the First Leaseholder and/or the Second Leaseholder and/or the Third Leaseholder shall have no liability under this Agreement unless they become a successor in title to the Owner as freehold owner of the Site and they Implement the Development or continue to Implement the Development. 23.2 The Owner hereby indemnifies the First Leaseholder, the Second Leaseholder and the Third Leaseholder against any and all costs incurred by the First Leaseholder and/or Second Leaseholder and/or the Third Leaseholder in respect of all claims, damages and proceedings arising out of this Agreement and any liability or charge under the Community Infrastructure Levy Regulations 2010 and any other regulations made in relation to the Community Infrastructure ▇▇▇▇ under Part II of the Planning Act 2008 in respect of the Development (including any correspondence relating to such liability or charge (threatened or actual)). 23.3 The Leaseholders each covenant not to obstruct the Development and to do all things reasonably necessary to allow the Owner to carry out the Development in accordance with the Planning Permission.
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Related to THE LEASEHOLDERS

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Real Property; Leasehold (a) No Acquired Corporation owns any, nor has any Acquired Corporation ever owned any, real property, nor is any Acquired Corporation party to any agreement to purchase or sell any real property. (b) Part ?3.8(b) of the Disclosure Schedule sets forth a list of each lease, sublease or other agreement (the “Company Leases”) pursuant to which any of the Acquired Corporations leases real property from any other Person. (All real property leased to the Acquired Corporations, including all buildings, structures, fixtures and other improvements leased to the Acquired Corporations, are referred to as the “Leased Real Property”). The present use and operation of the Leased Real Property is authorized by, and is in compliance in all material respects with, all applicable zoning, land use, building, fire, health, labor, safety and environmental laws and other Legal Requirements. There is no Legal Proceeding pending, or to the knowledge of the Company threatened, that challenges or adversely affects, or would challenge or adversely affect, the continuation of the present ownership, use or operation of any Leased Real Property. To the knowledge of the Company, there is no existing plan or study by any Governmental Body or by any other Person that challenges or otherwise adversely affects the continuation of the present ownership, use or operation of any Leased Real Property. There are no subleases, licenses, occupancy agreements or other contractual obligations that grant the right of use or occupancy of any of the Leased Real Property to any Person other than the Acquired Corporations, and there is no Person in possession of any of the Leased Real Property other than the Acquired Corporations. Each of the Acquired Corporations has complied in all material respects with the terms of all leases (to which they are parties) relating to the Leased Real Property, and all such leases are in full force and effect in all material respects. To the knowledge of the Company, the Leased Real Property is in good operating condition and repair. The Company has Made Available to Parent accurate and complete copies of all leases, subleases or other material agreements pursuant to which any of the Acquired Corporations leases real property from any other Person. To the knowledge of the Company, no Acquired Corporation is party to any Contract or subject to any claim that may require the payment of any real estate brokerage commissions, and no commission is owed with respect to any of the Leased Real Property.

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 of the Disclosure Schedule.

  • Leaseholds If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice;

  • Tenant Leases Schedule 9.1(v) sets forth a true, correct and complete rent roll with respect to the Tenant Leases. True, correct and complete copies of all Tenant Leases have been provided to Buyer through the Data Room prior to the Effective Date, no Tenant Lease has been amended except as evidenced by amendments similarly provided and each Tenant Lease constitutes the entire agreement between the applicable Seller and the applicable Tenant. Except as set forth on Schedule 9.1(v): (i) to the knowledge of Sellers, each of the Tenant Leases is in full force and effect on the terms set forth therein; (ii) to the knowledge of Sellers, there are no defaults or circumstances which, with the giving of notice, the passage of time or both, would constitute a default by either party under any Tenant Lease; (iii) no Tenant has asserted in writing and, to the knowledge of Sellers, no Tenant has any defense to, offsets or claims against, rent payable by it or the performance of its other obligations under its Tenant Lease; (iv) no Tenant has prepaid any rent or other charges; (v) no Seller has any present or future obligation to provide any Tenant with an allowance to construct, or to construct at its own expense, any tenant improvements except as specifically set forth in each Tenant Lease or in any approved budgets; (vi) no Seller has any present or future obligation to pay any lease commissions with respect to any Tenant Lease and all such lease commissions have been paid in full; (vii) no Tenant has requested in writing a modification of its Tenant Lease, or a release of its obligations under its Tenant Lease or has given any written notice terminating its Tenant Lease, and no Tenant has been released of its obligations under its Tenant Lease; and (viii) no guarantor has been released or discharged, voluntarily or involuntarily, or by operation of law, from any obligation under or in connection with any Tenant Lease.