Property Title and Condition Sample Clauses
The 'Property Title and Condition' clause defines the seller's obligation to provide clear ownership (title) of the property and to disclose or guarantee its physical state. Typically, this clause requires the seller to prove that they have the legal right to sell the property and that there are no undisclosed liens, encumbrances, or defects in the title. It may also specify the condition in which the property must be delivered, such as being free from significant damage or in a specified state of repair. The core function of this clause is to protect the buyer by ensuring they receive both legal ownership and a property in the expected condition, thereby reducing the risk of future disputes or unexpected liabilities.
Property Title and Condition. Except as otherwise provided or disclosed by this Agreement or in any exhibit or schedule to this Agreement, the Buyer has good and marketable title to and, if applicable, possession, of all of its tangible and intangible real and personal property and interests therein whether owned, leased, rented used or otherwise possessed by it, free and clear of all charges, liens, encumbrances or interests of others of any kind, and all of its tangible personal property is in good operating condition and repair.
Property Title and Condition. Except as otherwise provided or disclosed by this Agreement, or in Error! Reference source not found. 8.11 or in any other exhibit or schedule to this Agreement, the Buyer has good and marketable title to and, if applicable, possession, of all of its tangible and intangible real and personal property and interests therein whether owned, leased, rented used or otherwise possessed by it.
Property Title and Condition