PREMISES HANDOVER Sample Clauses
The Premises Handover clause defines the process and conditions under which possession of a property is formally transferred from one party to another, typically from a landlord to a tenant. This clause outlines the specific date or event that triggers the handover, details any required inspections, and may specify the condition in which the premises must be delivered, such as being clean and free of prior occupants' belongings. Its core practical function is to ensure a clear and documented transition of responsibility for the premises, thereby reducing disputes over the state of the property or the timing of possession.
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PREMISES HANDOVER. Party A shall respectively hand over the leased premises and parking spaces in their original condition to Party B on the starting day of the lease. (If this Lease Agreement is a renewal of an existing lease and Party B is currently occupying the leased premises, then the starting day of the Leased Agreement shall be deemed the day of first occupancy, which previously occupied leased premises are not required to be handed over separately).
PREMISES HANDOVER. Party A shall respectively hand over the Offices and parking spaces in their original condition to Party B on the day starting the lease.
PREMISES HANDOVER. Party A shall respectively hand over the control over the Leased Premises in its commercially suitable condition to Party B on the day the Lease Agreement becomes effective.