Leasing Procedures Clause Samples
The Leasing Procedures clause outlines the specific steps and requirements that must be followed when entering into, renewing, or modifying a lease agreement. It typically details the process for submitting lease applications, the documentation required, timelines for approval, and any conditions that must be met before a lease becomes effective. By establishing a clear and standardized process, this clause helps prevent misunderstandings and disputes between parties, ensuring that all leasing activities are conducted in an orderly and transparent manner.
Leasing Procedures. The parties to this Agreement will follow ------------------ the same procedures set forth in Section 4.3 of the E&P Agreement with regard to the acquisition of said Leases. It is provided, however, that Petrosearch shall have only ten (10) working days from Petrosearch's receipt of the lease acquisition proposal to pay its share of the Lease Acquisition Costs for each Lease acquired pursuant to the terms of this Agreement rather than the time limit provided in the E&P Agreement. It is further provided that until the Petrosearch Commitment is expended, Petrosearch shall not have the option of electing not to participate in the acquisition of a Lease in the Contract Area prior to the expenditure of the Petrosearch Commitment unless i) Exxon elects not to participate in the acquisition of its proportionate share of the Lease in which case Petrosearch shall have the longer of three (3) days from the time of being notified of Exxon's election or the balance of the ten (10) day election period in order to decide whether or not to participate in the acquisition of the Lease or ii) either Exxon or Harding have elect▇▇ ▇▇ ▇erminate the E&P Agreement. In any event, should Petrosearch elect not to participate in the acquisition of said Lease, the Lease shall thereafter be excluded from the terms of this Agreement. After the expenditure of the Petrosearch Commitment, should Harding elect to a▇▇▇▇▇▇ a Lease in the Contract Area and Petrosearch elect not to participate in the acquisition of that Lease, such Lease shall thereafter be excluded from the terms of this Agreement. Leases acquired by Petrosearch shall be owned in the proportions set forth in 4(b) above.
Leasing Procedures. 1. Clubhouse rentals are on a first come first serve basis. Deposit, Fee and Lease Agreement must be submitted within ten (10) days of reserving date. In case of conflict, the Association sponsored activities will take priority.
2. Contact the designated representative in order to obtain the Clubhouse Leasing Application and procedures.
3. All personal items and/or personal equipment of the Member must be removed by the end of the last hour agreed in the Leasing Agreement.
Leasing Procedures. The leasing of units and related dwelling shall conform to the following provisions:
(1) A co-owner, including the Developer, desiring to rent or lease a unit and related dwelling shall do so in a written instrument, which incorporate, at least by reference, the Master Deed and Bylaws as recorded in the office of the Lenawee County Register of Deeds.
(2) Tenants and non-owner occupants shall comply with all of the conditions of the Condominium documents, and all leases and rental agreements shall so state.
(3) If the Association determines that the tenant or non-owner occupant has failed to comply with the conditions of the Condominium documents, the Association shall take the following action:
i. The Association shall notify the co-owner by certified mail to his/her last known address, advising of the alleged violation by the tenant.
ii. The co-owner shall have fifteen (15) days after receipt of such notice to investigate and correct the alleged breach by the tenant or advise the Association that a violation has not occurred.
iii. If, after fifteen (15) days, the Association believes that the alleged breach is not cured or may be repeated, it may institute on its behalf or derivatively by the co-owners on behalf of the Association or if it is under the control of the Developer, an action for eviction against the tenant or non-owner occupant and simultaneously for money damages in the same action against the co-owner and tenant or non-owner occupant for breach of the conditions of the Condominium documents. The relief provided for in this subparagraph may be by summary proceeding. The Association may hold both the tenant and the co-owner liable for any damages to the common elements caused by the co-owner or tenant in connection with the unit or the Condominium project.
(4) When a co-owner is in arrears to the Association for assessments, the Association may give written notice of the arrearage to a tenant occupying a co-owner's unit a lease or rental agreement and the tenant, after receiving the notice shall deduct from rental payments due the co-owner the arrearage and future assessments as they fall due and pay them to the Association. The deductions shall not constitute a breach of the rental agreement or lease by the tenant.
Leasing Procedures. 1. Pool house rentals are on a first come first serve basis. Deposit and Lease Agreement must be submitted within two weeks of reserving date. In case of conflict, Association sponsored activities will take priority.
2. Contact the designated representative in order to obtain the Pool house Leasing Application and procedures.
3. All personal items and/or personal equipment of the Member must be removed by the end of the last hour agreed to in the Leasing Agreement.
Leasing Procedures. The Managing Agency will coordinate and manage the annual leasing process, including associated agreements and approval requirements, on a schedule that accommodates the Commission and the Parties’ budget processes. The Managing Agency will request available Capacity or Water Rights for leasing options from all Parties who are interested in leasing on an annual Fiscal Year basis prior to the Peak Season. Each interested Party will estimate the amount of Capacity, duration, and type of Lease (interruptible or firm) or Water Rights it wishes to make available to lease to, or the amount of Capacity, duration, and type of Lease (interruptible or firm) it seeks to lease from, the other Parties. The Managing Agency will develop forms and protocols for managing the leasing process including the leasing requests and annual surplus Capacity designated by each Party. A rate methodology for each of the leasing options will be developed by the Managing Agency, reviewed and recommended by the Management Committee and the Finance Committee, and adopted by the Board. A sample Lease form and methodology are attached in Exhibit 10, which may be modified and/or updated by the Board. In those years when Water Rights are limited and if requested by the Parties, the Board may adopt an equitable methodology for leasing of the Water Rights.
Leasing Procedures. Application for leases shall be made to the superintendent having ju- risdiction over the lands.