Common use of EXISTING TENANCIES Clause in Contracts

EXISTING TENANCIES. 11.1 The PROPERTY is sold subject to all existing tenancies. 11.2 The PURCHASER shall be bound by the terms and conditions of all existing leases, of which he acknowledges he is fully apprised. 11.3 The SELLER shall hand over copies of all leases in his possession and agrees to not make any change to these leases upon acceptance of this offer prior to registration of transfer. 11.4 The SELLER will provide a schedule of all deposits held and hereby authorises the SELLER’s Attorney to pay the value of deposits and all accrued interest as at registration, from the proceeds of the sale, to the PURCHASER.

EXISTING TENANCIES. 11.1 8.1 The PROPERTY is sold subject to all existing tenancies. 11.2 8.2 The PURCHASER shall be bound by the terms and conditions of all existing leases, of which he acknowledges he is fully apprised. 11.3 8.3 The SELLER shall hand over copies of all leases in his possession and agrees to not make any change to these leases upon acceptance of this offer prior to registration of transfer. 11.4 8.4 The SELLER will provide a schedule of all deposits held and hereby authorises the SELLER’s Attorney to pay the value of deposits and all accrued interest as at registration, from the proceeds of the sale, to the PURCHASER.