SALE OF LEASED PREMISES. In the event of a sale or pending sale of the Residential Community or in the event Owner, new owner, lender, or lender's receiver must obtain possession of the Leased Premises in order to redevelop, renovate, or demolish the Leased Premises or any portion of the Residential Community, Residents agree that Owner, new owner, lender, or lender's receiver shall have the right to terminate this Agreement upon sixty (60) days written notice.
SALE OF LEASED PREMISES. In the event of any sale of the Leased Premises, Landlord shall be and is hereby entirely freed and relieved of, all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Leased Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Lease.
SALE OF LEASED PREMISES. Lessor shall have the right to sell the Leased Premises and the lease shall continue in full force and effect.
SALE OF LEASED PREMISES. The terms of this Agreement shall remain with the land; sale of the Property or portions thereof shall not invalidate the terms of this Agreement. However, Tenant agrees to abide by terms of any conservation or agricultural easement placed upon the Property or portions thereof. Such easement terms shall not unduly restrict agricultural activities anticipated under this Agreement. If Landlord should sell or otherwise transfer title to the Property, Landlord will require the transferee (e.g., buyer) to recognize and take the Property subject to this Agreement. Tenant will recognize the transferee as the new Landlord subject to the term of this Agreement.
SALE OF LEASED PREMISES. In the event of a sale or transfer of the Premises and/or substitution of the managing agent thereof, Tenant hereby gives his/her consent to the assignment of this Lease and agrees that the Security Deposit may be transferred to the succeeding owner and/or managing agent whereupon the within-named Landlord and managing agent shall be released from any and all liability for said Security Deposit. Alternatively, Landlord may, in its sole discretion, terminate this Lease by providing Tenant sixty (60) days written notice of such termination; after such sixty
SALE OF LEASED PREMISES. Lessee shall not sell structures built on leased premises without prior written approval of the Lessor.
SALE OF LEASED PREMISES. Upon any sale or transfer, including any transfer by operation of law, of the Leased Premises, Landlord shall be relieved from all subsequent obligations under this Lease, provided that the buyer or transferee shall assume such obligations in writing.
SALE OF LEASED PREMISES. Right of First Refusal to Purchase Leased Premises
SALE OF LEASED PREMISES. A sale of the Leased Premises shall relieve Landlord of responsibility for return of its security deposit and the last month's rent deposited with Landlord, and Lessee shall look solely to the purchaser for the return thereof.
SALE OF LEASED PREMISES. In the event the Landlord named herein sells the Leased Premises, the named Landlord, and his successors in trust and trust beneficiaries, shall be released from any duty or obligation of the Landlord under this instrument from and after the effective date of the sale, and thereafter the Tenant agrees to look solely to the successor owner or owners for the performance of the duties and obligations of the Landlord hereunder.
