Common use of Title to and Condition of Property Clause in Contracts

Title to and Condition of Property. Except as may be necessary to cure Title Objections, from the Effective Date hereof to the Closing Seller shall not cause or permit any change in the status of title to the Property or the physical condition of the Property except for customary maintenance and operations. Seller shall not cause or permit any adverse change in the condition of the Property, reasonable wear and tear and damage by fire or the elements excepted. Seller shall not enter into any leases or other occupancy agreements with respect to all or any portion of the Property, or amend, modify, or extend existing leases except in the ordinary course of business without the prior written consent of Purchaser.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Homes for America Holdings Inc), Purchase and Sale Agreement (Homes for America Holdings Inc)