Common use of Ownership of the Leased Property Clause in Contracts

Ownership of the Leased Property. Lessee acknowledges that the Land is the property of Lessor, that upon the construction of the Leased Improvements the Lessor will own all of the Leased Property, and that Lessee has only the right to the possession and use of the Leased Property and the right to purchase the Leased Property, subject to the terms, provisions and conditions set forth in this Lease .

Ownership of the Leased Property. Lessee acknowledges that Lessor has a ground leasehold interest in the Ground Leased Land is pursuant to the property of LessorGround Lease, that upon and owns the construction of buildings and improvements located on the Ground Leased Improvements Land, all as described in the Lessor will own all of the Leased PropertyRecitals above, and that Lessee has only the right to the possession and use of the Leased Property upon the terms and the right to purchase the Leased Property, conditions of this Lease and subject to the terms, conditions and provisions and conditions set forth in this Lease of the Ground Lease.

Ownership of the Leased Property. Lessee acknowledges that Lessor has a ground leasehold interest in the Land is Property pursuant to the property of LessorGround Lease, that upon the construction of the Leased Improvements the Lessor will own all of the Leased Propertyas described above, and that Lessee has only the right to the possession and use of the Leased Property upon the terms and the right to purchase the Leased Propertyconditions of this Lease, subject to the terms, conditions and provisions and conditions set forth in this Lease of the Ground Lease.

Ownership of the Leased Property. Lessee acknowledges that the Land is the property of Lessor, that upon the construction of the Leased Improvements the Lessor will own all of the Leased Property, and that Lessee has only the right to the possession and use of the Leased Property and the right to purchase the Leased Property, subject to the terms, provisions and conditions set forth in this Lease Lease.