The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and ACLT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without ACLT’s prior written consent.
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Samples: Amherst Community Land Trust Ground Lease, Amherst Community Land Trust Ground Lease, Amherst Community Land Trust Ground Lease
The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and ACLTthe CLT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without ACLTCLT’s prior written consent.
Appears in 1 contract
Samples: Permitted Mortgage Agreement
The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and ACLTthe MHT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without ACLTMHT’s prior written consent.
Appears in 1 contract
Samples: Letter of Agreement
The Home. 7.1 HOMEOWNER OWNS THE HOUSE AND ALL OTHER IMPROVEMENTS ON THE LEASED LAND: All structures, including the house, fixtures, and other improvements purchased, constructed, or installed by the Homeowner on any part of the Leased Land at any time during the term of this Lease (collectively, the “Home”) shall be property of the Homeowner. Title to the Home shall be and remain vested in the Homeowner. However, Homeowner’s rights of ownership are limited by certain provisions of this Lease, including provisions regarding the sale or leasing of the Home by the Homeowner and ACLTthe DSCLT’s option to purchase the Home. In addition, Homeowner shall not remove any part of the Home from the Leased Land without ACLTDSCLT’s prior written consent.
Appears in 1 contract
Samples: Ground Lease