Demising Clause Clause Samples
A Demising Clause defines the specific portion of a property that is being leased to a tenant. It typically describes the boundaries, location, and sometimes the square footage of the leased premises within a larger building or complex. For example, it may specify that the tenant is renting Suite 200 on the second floor, including all interior spaces but excluding common areas. The core function of this clause is to clearly identify the leased area, preventing disputes over which spaces are included in the lease and ensuring both parties understand their rights and obligations regarding the property.
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Demising Clause. This lease (the “Lease”) is made and entered into by and between the Landlord and the Tenant, as defined below, as of the Date of Lease. In consideration of the mutual covenants made herein, Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises as defined below, on ail of the terms and conditions set forth herein.
Demising Clause. Landlord hereby leases to Tenant, and Tenant hires from Landlord the Leased Premises, consisting of the approximate square footage listed in Section 1.4 of the Salient Lease Terms, which the parties agree shall be deemed the actual square footage, subject to change by Landlord in connection with changes in the Rentable Area of the floor on which the Leased Premises are located.
Demising Clause. 2.1.1 Landlord hereby leases to Tenant, and Tenant hires from Landlord, effective on the respective “Effective Dates” for the Phase I Premises and Phase II Premises as stated in Subsection 1.4 above, the Premises, together with the nonexclusive right to the use and enjoyment of the “Base Building Systems” (i.e., the mechanical, electrical, plumbing, life-safety and sprinkler systems of the Building) and the “Common Area” for the entire Term. “Common Area” shall mean and refer to the exercise room, parking facilities, walkways, elevators, stairwells, multi-tenant floor corridors, multi-tenant floor bathrooms, multi-tenant floor corridor fountains, multi-tenant floor corridor elevator lobbies, lobbies, plazas, landscaped areas, driveways serving the Building and located at the Facility and other common facilities designated by Landlord from time to time for the common use of all tenants of the Building, and the day care facility and exercise room described in Section 54 below. Notwithstanding that the day care facility is a part of the Common Area, Landlord may charge Tenant reasonable and uniform fees for the use of the day care facility. Said letting and hiring are upon and subject to the terms, covenants, and conditions set forth in this Lease, including the “Salient Lease Terms” in Section 1 and the attached exhibits. This Lease is made upon the condition of such performance.
Demising Clause. Lessor hereby leases to Lessee, and Lessee hires from Lessor a portion of the Complex as hereinafter defined.
Demising Clause. Landlord hereby demises and leases the Leased Premises to Tenant and Tenant hereby leases the Leased Premises from Landlord, in accordance with the provisions of this Lease, to have and to hold for the Term (as defined herein).
Demising Clause. For and in consideration of the performance and observance by the City of the agreements and covenants of this Capital Lease to be performed and observed by the City, the Developer does hereby lease and demise to City, and City does hereby lease, take and hire from the Developer the following property constituting the Parking Facility LESS AND EXCEPT the Exclusive Spaces (as defined below), subject to this Capital Lease:
Demising Clause. Landlord leases to Tenant and Tenant leases from Landlord the Premises upon the terms and conditions set forth in this Lease. Landlord may change the shape, size, location, number and extent of the improvements to any portion of the Complex, including the Building (but not the interior of the Premises), without the consent of Tenant and without affecting Tenant’s obligations hereunder if such change does not have a material adverse impact on Tenant’s access to or parking for the Premises. Landlord reserves the area beneath and above the Building with the right to install, maintain, use, repair and replace pipes, ducts, Lines, and structural elements leading through the Premises serving other parts of the Complex, so long as such items are concealed by walls, flooring or ceilings and Landlord uses reasonable efforts to minimize their effect on Tenant’s operation of its business in the Premises, which measures shall include, without limitation, scheduling any such work for weekends or nights, whenever reasonably possible, accelerating the work whenever reasonably possible, and daily clean up of the affected portions of the Premises. Such reservation in no way affects the maintenance obligations imposed herein.
Demising Clause. Landlord, for and in consideration of the rents, covenants and agreements hereinafter mentioned and hereby agreed to be paid, kept and performed by Tenant, does hereby lease to Tenant, and Tenant does hereby lease from Landlord, the Premises on the terms and conditions contained herein.
Demising Clause. The Trustee demises and leases the Leased Property to the County in accordance with the terms of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term.
Demising Clause. CDOT and the Trustee acknowledge that the CDOT is the owner in fee of the Sites and has leased the same to the Trustee pursuant to the Site Lease. The Trustee demises and leases the Trustee’s leasehold estate under the Site Lease in the Leased Property to CDOT, and CDOT leases the Trustee’s leasehold estate under the Site Lease in the Leased Property from the Trustee, in accordance with the terms of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term.