RENT FROM THIRD PARTY Clause Samples
The 'Rent from Third Party' clause defines the conditions under which a party may lease or sublease property or equipment from an entity that is not a direct party to the main agreement. Typically, this clause outlines the requirements for obtaining consent, the responsibilities for payment, and the allocation of risk or liability associated with using third-party assets. For example, it may specify that the lessee must ensure the third party's terms are compatible with the main contract or that the lessor is not liable for issues arising from the third-party arrangement. The core function of this clause is to clarify the rights and obligations related to third-party rentals, thereby preventing disputes and ensuring all parties understand their responsibilities when external assets are involved.
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RENT FROM THIRD PARTY. The acceptance of any rent or the performance of any obligation hereunder by a person other than the Tenant shall not be construed as an admission by the Landlord of any right, title or interest of such person as a sub-tenant, assignee, transferee or otherwise in the place and stead of the Tenant.
RENT FROM THIRD PARTY. The acceptance of rent by the Landlord from any party whatsoever other than the Tenant shall not be construed as notice or approval of any assignment or underletting unless such assignment has been expressly authorised by the Landlord and Head Landlord in accordance with the provisions in that respect contained in this Underlease.