Lessee’s Development Covenants Clause Samples
The Lessee’s Development Covenants clause sets out the obligations of the lessee regarding the development, improvement, or construction on the leased property. Typically, it requires the lessee to complete certain works within specified timeframes, adhere to relevant laws and regulations, and obtain necessary permits or approvals. This clause ensures that the property is developed as intended, protects the lessor’s interests, and provides a clear framework for monitoring and enforcing the lessee’s development activities.
Lessee’s Development Covenants. The Lessee must:
(a) carry out and execute the Lessee’s Works in accordance with the Works Conditions; and
(b) not make any alterations to the Plans or Specifications or include, construct or erect any works on the Leased Premises which have not been previously approved in writing by the Lessor without:
(i) the prior written consent of the Lessor which consent may be granted or refused or granted subject to conditions at the absolute discretion of the Lessor EXCEPT THAT the Lessor shall not arbitrarily or unreasonably withhold its approval in the case of any mandatory alterations required by a Relevant Authority; and
(ii) if applicable, the prior approval of any Relevant Authority.
Lessee’s Development Covenants. The Lessee must:
(a) carry out and execute the Lessee’s Works in accordance with the Works Conditions; and
(b) not make any alterations to the Plans or Specifications or include, construct or erect any works on the Leased Premises which have not been previously approved in writing by the Lessor without:
(i) the prior written consent of the Lessor which consent may be granted or refused or granted subject to conditions at the absolute discretion of the Lessor EXCEPT THAT the Lessor shall not arbitrarily or unreasonably withhold its approval in the case of any mandatory alterations required by a Relevant Authority; and
(ii) the prior written approval of the Lessor to a foreshore/rehabilitation management plan
(iii) if applicable, the prior approval of any Relevant Authority.
(iv) ensuring that any development on the Leased Premises is aligned with the clubs key water based activities, ski club and skiing facilities