Freehold Property Sample Clauses
The 'Freehold Property' clause defines the nature of ownership being transferred or referenced in an agreement, specifying that the property is held with full ownership rights, without time limitations or reversion to a superior landlord. In practice, this clause clarifies that the property is not subject to leasehold interests, meaning the owner has the right to use, modify, or sell the property as they see fit, subject only to applicable laws and regulations. Its core function is to ensure both parties understand the absolute and perpetual nature of the ownership being dealt with, thereby preventing disputes over the extent and duration of property rights.
Freehold Property. All assets belonging to the business conducted by the Company are owned by the Company, except as listed in ANNEX 5.17. The Company has full title to ---------- the freehold property and all deeds and documents relating thereto are in the possession of the Company. The freehold property is not subject to any encumbrances or any other property rights of any nature whatsoever.
Freehold Property. On the sale of any freehold property: Firstly, a basic fee of $750.00 which includes the auctioneer’s fee As detailed on ▇▇▇▇.▇▇.▇▇/▇▇▇▇
Freehold Property. The Freehold Property is the only real property owned by the Group.