Lease Only Clause Samples

The 'Lease Only' clause defines that the agreement pertains solely to the leasing of a property, without conferring any rights of ownership or purchase to the tenant. In practice, this means the tenant is granted the right to occupy and use the premises for a specified period, but cannot acquire the property or any equity interest through this contract. This clause ensures clarity by explicitly limiting the arrangement to a lease, thereby preventing misunderstandings about the nature of the tenant's rights and the landlord's obligations.
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Lease Only. This Agreement is one of leasing only and City shall not acquire any right, title, or interest to the Vehicle other than that of a lessee.
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Lease Only. This agreement is one of leasing only and Lessee shall not acquire any right, title, or interest to any vehicle leased under this lease other than that of a Lessee.
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Lease Only. If at the end of a Contract Year the Actual kWh is greater than the Guaranteed kWh, this surplus will be carried over and will be used to offset any deficits that may occur in any subsequent Contract Years.]
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Lease Only. At all times during the term of this Agreement, full legal title to the Aircraft shall remain vested in Oakley to the exclusion of Y, LLC. This Agreement and any related documents shall in no way assign or transfer any right or interest in the Aircraft or any other property of Oakley.
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Lease Only. This Lease shall constitute an agreement of lease, and nothing herein shall be construed as conveying to Lessee any right, title or interest in the Leased Property except as Lessee. Lessor and Lessee agree that Lessor will be the sole owner of the Leased Property for all purposes (including income tax purposes) and that this Lease is not intended to provide Lessee any ownership interest in the Leased Property or any proprietary interest in Lessor's business. Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third person to create the relationship of principal and agent or of partnership or of joint venture or of any association between Lessor and Lessee, and no provision contained in this Lease or any acts of the parties hereto contemplated by this Lease shall be construed to constitute or establish any relationship between Lessor and Lessee other than the relationship of lessor and lessee.
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Lease Only. Owner and Agent agree that this contract is to procure a tenant and lease, and not the management of the property.
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Lease Only. At all times during the Term, full legal title to the Aircraft shall remain vested in N2T. This Agreement and any related documents shall in no way assign or transfer any greater right or interest in the Aircraft or any other property of N2T. The lease of the Aircraft under this Agreement shall be for such term and such rents as set forth below.
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Related to Lease Only

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • Rent Except for delinquent rent, all rent under the Company's Leases and other income attributable to the Property shall be apportioned on a per diem basis as of midnight on the date immediately preceding the Closing. All such rent and other income, including commissions earned, for the period preceding the Closing shall be deemed to be property of the applicable Contributors, and all rent and other income for any period commencing as of the Closing and thereafter shall be the property of BNP for the purpose of making the adjustments set forth herein. Amounts owed under this paragraph shall be paid to the party to whom they are owed in cash at the Closing or during the Post-Closing Adjustment Period. Delinquent rent shall not be prorated, but shall be deemed the property of the Contributors. Payments received by BNP from tenants of the Property from and after the Closing with respect to the Property shall be applied first to rents and other amounts then due BNP from such tenant and then to such tenant's delinquent rent as of the time of apportionment. BNP shall use reasonable efforts to collect delinquent rents for the benefit of the Contributors but in no event shall be obligated to evict or ▇▇▇ any tenants in order to collect such rents and shall cooperate with the Contributors in the collection of any delinquent amounts; provided, however, that the Contributors shall not have any rights to evict such tenants for such delinquent amounts. Any amounts received by Contributors on account of rent or other income for the period after the Closing with respect to the Property and the related personal property shall be turned over to BNP for application in accordance with the terms of this paragraph. All accounts receivable, notes, cash and bank accounts of the Company existing as of the Closing Date shall be transferred at Closing to the appropriate Contributors, other than the remaining balance of any escrow accounts for tenant improvements and lease commissions held by the Company, the amount necessary to pay prorations of taxes, security deposits and amounts which belong to BNP after making the closing adjustments for rent and operating expenses.

  • Parking Space The address required to find and physically park the Lessee’s vehicle is mandatory for this agreement to be valid. Section II. Term (7)

  • LEASE TYPE This Agreement shall be considered a: (check one)

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.