Lease of Property Clause Samples

Lease of Property. Landlord hereby leases, demises and lets to Tenant, and Tenant hereby hires, takes and leases from Landlord, upon the terms and subject to the conditions hereinafter set forth, TO HAVE AND TO HOLD, all of Landlord's right, title and interest in and to all of the following (the "Property"): (a) the Land; (b) all buildings, structures and other improvements of every kind, including but not limited to the Facility, all buildings and structures hereafter constructed upon the Land and all alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), parking areas, roadways and other related on-site and offsite improvements appurtenant to such buildings and structures presently or hereafter situated upon the Land, and any and all Capital Additions paid for by Landlord pursuant to Section 11.2 of this Lease (the "Improvements"); (c) all machinery and equipment and all other tangible personal property, fittings, appliances, apparatus, furniture, furnishings now and hereafter located on, affixed to or used in connection with the Facility; (d) all easements, licenses, rights-of-way and appurtenances relating to the Land and the Improvements); and (e) all "fixtures" as that term is defined in the State now and hereafter located in, on or used and incorporated into the Land or Improvements (the "Fixtures").

Lease of Property. Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

Lease of Property. The PURCHASER acknowledges that he is aware of the following Lease Agreement and Letting Agreement currently in place for the property which will automatically be ceded to the PURCHASER on registration of the property: Tenant Name: (Rental Agreement) Rental Period: Rental Amount: ……………………………………………………………………………………………. Rental Agent: (Letting Agreement) Letting Agents Commission payable per month: ………………………………………………… Within 30 days from the date of registration of this unit, the Seller will pay the rental deposit and the pro-rata rental (if any) to the Letting Agent. The PURCHASER acknowledges that on cession of this Lease Agreement he / she will be liable for the payment of the Letting Agent’s commission and that he / she will negotiate his / her own agreement with such Letting Agent with specific reference to the Lessee and / or commission payable.

Lease of Property. The City hereby leases to the Authority, and the Authority hereby leases from the City, for the benefit of the Owners of the Bonds, the Property, subject only to Permitted Encumbrances, to have and to hold for the term of this Ground Lease.

Lease of Property. (a) Landlord leases to Tenant and Tenant hires and leases from Landlord, on the terms, covenants and conditions hereinafter set forth, the building (the “Building”) to be constructed pursuant to Article 5 hereof and Exhibit C attached hereto on the real property described in Exhibit A attached hereto (the “Site”), to consist of a two-story office and laboratory building containing approximately 80,000 square feet (measured in accordance with the BOMA standard most closely applicable to a two-story, single-tenant building of this nature). The location of the Building on the Site is intended to be substantially as shown for “Building A” on the site plan attached hereto as Exhibit B. The Building and the other improvements to be constructed, pursuant to Article 5 hereof and Exhibit C attached hereto, on the portion of the Site designated as “Phase II” on Exhibit B attached hereto (the “Phase II Site”) are sometimes referred to collectively herein as the “Improvements,” and the Improvements and the Phase II Site are sometimes referred to collectively herein as the “Property.” The parking areas, driveways, sidewalks, landscaped areas and other portions of the Phase II Site that lie outside the exterior walls of the Building, as depicted on the site plan attached hereto as Exhibit B, are sometimes referred to herein as the “Common Areas.” The Site is part of The Britannia Biotechnology Center in South San Francisco, California. (b) As an appurtenance to Tenant’s leasing of the Building pursuant to Section 1.1(a), Landlord hereby grants to Tenant, for the benefit of Tenant and its employees, suppliers, shippers, customers and invitees, during the term of this Lease, the non-exclusive right to use, in common with others entitled to such use, (i) those portions of the Common Areas improved from time to time for use as parking areas, driveways, sidewalks, landscaped areas, or for other common purposes, and (ii) all easements, access rights and similar rights and privileges relating to or appurtenant to the Property and created or existing from time to time under any easement agreements, declarations of covenants, conditions and restrictions, or other written agreements now of record with respect to the Site, including (but not limited to) the portion of the Site designated as “Phase I” on Exhibit B attached hereto (the “Phase I Site”) which Phase I Site is currently leased by Tenant from Landlord pursuant to that certain Build-To-Suit Lease between Tenant and Britan...

Lease of Property. Landlord hereby leases the Property to Tenant and Tenant hereby leases the Property from Landlord for the Lease Term stated in Section 1.05. As used herein, the "Commencement Date" shall be the date specified in Section 1.05 for the beginning of the Lease Term.

Lease of Property. The County hereby leases to District 877, 1,945 gross square feet of space in the ▇▇▇▇▇▇ County Government Center.

Lease of Property. Nothing in this section shall apply to Developer’s lease of portions of the Property to other persons or entities. This Agreement shall not obligate, provide rights, or otherwise apply to any such lessees, and any such leases shall not relieve Developer of its obligations under this Agreement, including but not limited to its obligations with respect to the leased property.

Lease of Property. 1.1 The Lessor shall grant, and the Lessee (or the Lessee’s nominee) shall accept the lease of the Property on and from the Lease Commencement Date. 1.2 This Agreement shall be effective from the date hereof, but the lease shall commence on the date of when the Property is acquired by the Lessor (as shown on the title deed) (the “Lease Commencement Date”) and shall continue in force (subject to clause 3.2) for an initial period of twelve years therefrom (the “Initial Period”). In order to comply with local law requirements, the parties shall enter into a customary form lease agreement that will be registered with the relevant authorities in the United Arab Emirates, on the terms set forth in this Agreement, for the Initial Period, and any renewal thereafter pursuant to clause 4.1 (the “Local Lease”), provided however, in the event of any conflict or discrepancy between this Agreement and the Local Lease, this Agreement shall prevail. At least five business days prior to the Lease Commencement Date and each renewal period thereafter (if renewed pursuant to clause 4.1), the Lessor and the Lessee (or the Lessee’s nominee) shall sign the Local Lease. 1.3 On and from the Lease Commencement Date, the rent (the “Rent”) for the lease of the Property shall be AED [ ] per calendar year, calculated as 6% of the invested capital. The Rent shall be payable quarterly in arrears within 14 days following the end of March, June, September, and December each year (with the first and last quarter being pro-rated accordingly). The Lessee shall pay to the Lessor quarterly in arrears in respect of the Rent for each relevant quarter. This amount will be paid directly to the company shareholders from the escrow account. 1.4 During the Initial Period, the Lessee shall bear responsibility for, and pay, all costs and expenses incurred directly in relation to the Property, being (a) commercial license fee costs of the Lessor and its registered office costs, (b) maintenance costs and expenses of the Property, (c) local registration fees (such as Ejari fees) of the Local Lease, (d) insurance costs of the Property, (e) community, service and capacity charges of the Property, and (f) utilities (the “Property Costs”). 1.5 The Lessee is hereby authorized to execute any and all tenant notices with respect to the Property and make all any filings with Dubai Real Estate Regulatory Agency (RERA) or any other government authorities, including registering Leases and obtaining an Ejari for the Pr...