Sell or rent Clause Samples

The 'Sell or rent' clause defines whether and under what conditions a party is permitted to sell or lease the subject property or asset. Typically, this clause outlines any restrictions, approvals, or procedures required before a sale or rental can occur, such as obtaining the other party's consent or meeting specific criteria. Its core function is to control the transfer or temporary use of the property, thereby protecting the interests of the owner or other stakeholders and preventing unauthorized transactions.