Enforcement of Existing Leases. Seller shall perform the landlord's material obligations to the tenants under the Leases and enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller for its apartment properties.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Steadfast Income REIT, Inc.), Purchase and Sale Agreement (Inland Residential Properties Trust, Inc.), Purchase and Sale Agreement (Steadfast Income REIT, Inc.)
Enforcement of Existing Leases. Seller shall perform the landlord's ’s material obligations to the tenants under the Leases and enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller and its property manager for its apartment properties.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Paladin Realty Income Properties Inc), Purchase and Sale Agreement (Paladin Realty Income Properties Inc), Purchase and Sale Agreement (Paladin Realty Income Properties Inc)
Enforcement of Existing Leases. Seller shall perform the landlord's ’s material obligations to the tenants under the Leases and enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller for its apartment properties.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Post Apartment Homes Lp), Purchase and Sale Agreement (Post Apartment Homes Lp)
Enforcement of Existing Leases. Seller shall make commercially reasonable efforts to perform the landlord's ’s material obligations to the tenants under the Leases and to enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller for its apartment propertiesthe Property.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)
Enforcement of Existing Leases. Seller shall perform the landlord's material obligations to the tenants under the Leases and enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller for its apartment and otherwise in a manner consistent with prudent owners of similar properties.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)
Enforcement of Existing Leases. Seller shall perform the landlord's ’s material obligations arising prior to Closing to the tenants under the Leases and enforce the material obligations of the tenants under the Leases, in each case in accordance with the current management standards of Seller for its apartment properties, provided that Seller shall not apply any security deposits against rent delinquencies or other Lease defaults with respect to tenants who remain tenants of the Property without notice to and the prior written consent of Buyer. Seller shall terminate and modify Leases in accordance with Seller’s customary practices.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.)
