Common use of Specific Purpose Clause in Contracts

Specific Purpose. If this agreement is meant to limit the Lessee’s on-site activity to a specific industry or purpose, then select the second checkbox statement. If selected, establish the purpose or business activity allowed on the premises by presenting each one in the space provided. IV. Term Of Lease (12) Leasing Period. Produce the number of years and/months this lease will be effective. This will be the lease term for the commercial space. Thus, the number of years and months reported here will define the length of time from its date of effect to the date of its termination. (13)