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.
POPULAR SAMPLE Copied 1 times
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.
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.
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.]
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.
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.
Lease Only. Owner and Agent agree that this contract is to procure a tenant and lease, and not the management of the property.
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.