EXECUTION OF LEASE; NO OPTION OR OFFER Clause Samples
The "Execution of Lease; No Option or Offer" clause establishes that the lease agreement becomes legally binding only when both parties have formally signed it, and that the document itself does not constitute an offer or grant any party an option to lease until such execution occurs. In practice, this means that negotiations, drafts, or unsigned versions of the lease do not obligate either party, and neither side can claim rights to the property or enforce terms until the lease is fully executed. This clause serves to prevent misunderstandings or premature claims by clarifying that no legal relationship or commitment exists until the lease is officially signed by all parties involved.
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EXECUTION OF LEASE; NO OPTION OR OFFER. The submission of this Lease to Tenant shall be for examination purposes only, and shall not constitute an offer to or option for Tenant to lease the Premises. Execution of this Lease by Tenant and its return to Landlord shall not be binding upon Landlord, notwithstanding any time interval, until Landlord has in fact executed and delivered this Lease to Tenant, it being intended that this Lease shall only become effective upon execution by Landlord and delivery of a fully executed counterpart to Tenant.
EXECUTION OF LEASE; NO OPTION OR OFFER. The submission of this Lease to Tenant shall be for examination purposes only, and shall not constitute an offer to or option for Tenant to lease the Premises. Neither party shall be bound by the terms and conditions of this Lease until the execution and delivery hereof by both Landlord and Tenant.
EXECUTION OF LEASE; NO OPTION OR OFFER. The submission of this Lease to Tenant shall be for examination purposes only and shall not constitute an offer to or option for Tenant to lease the Premises. Execution of this Lease by Tenant and its return to Landlord shall not be binding upon Landlord, notwithstanding any time interval, until Landlord has, in fact, executed and delivered this Lease to Tenant, it being intended that this Lease shall only become effective upon execution by both parties and delivery of a fully executed counterpart to Tenant. Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between Landlord and Tenant.