Common use of Possessory Interests Clause in Contracts

Possessory Interests. Pursuant to Section 39-3-105, C.R.S., all real or personal property owned by Landlord is exempt from taxation. However, the parties acknowledge that Tenant’s occupancy and use of the Leased Premises pursuant to this Lease may be deemed to be a taxable possessory interest.

Possessory Interests. Pursuant to Section 39-3-105, C.R.S., all real or personal property owned by Landlord is exempt from taxation. However, the parties acknowledge that TenantXxxxxx’s occupancy and use of the Leased Premises pursuant to this Lease may be deemed to be a taxable possessory interest.

Possessory Interests. Pursuant to Section 39-3-105, C.R.S., all real or personal property owned by Landlord is exempt from taxation. However, the parties acknowledge that Tenant’s Xxxxxx's occupancy and use of the Leased Premises pursuant to this Lease may be deemed to be a taxable possessory interest, unless otherwise exempt under the provisions of Section 39-3-101, C.R.S., or other applicable law.

Possessory Interests. Pursuant to Section 39-3-105, C.R.S., all real or personal property owned by Landlord is exempt from taxation. However, the parties acknowledge that Tenant’s 's occupancy and use of the Leased Premises pursuant to this Lease may be deemed to be a taxable possessory interest, unless otherwise exempt under the provisions of Section 39-3-101, C.R.S., or other applicable law.

Possessory Interests. Pursuant to Section 39-3-105, C.R.S., all real or personal 32 property owned by Landlord is exempt from taxation. However, the parties acknowledge that 33 Tenant’s occupancy and use of the Leased Premises pursuant to this Lease may be deemed to be a 34 “taxable possessory interest.” pursuant to Section 39-1-103(17)(a), C.R.S.