Unsigned Leases Clause Samples
The Unsigned Leases clause defines the legal status and enforceability of a lease agreement that has not been formally signed by one or both parties. In practice, this clause typically states that if the tenant takes possession of the premises and begins paying rent, or if both parties act as though the lease is in effect, the lease terms may still be binding even without signatures. This provision ensures that both landlord and tenant are held to their obligations under the lease, preventing either party from avoiding responsibility simply due to the absence of a signed document.
POPULAR SAMPLE Copied 3 times
Unsigned Leases. For each lease identified in Section 3.6(c) of the Disclosure Schedule as being unsigned on the date hereof, any definitive lease agreement entered into by the Company or any Subsidiary prior to the Closing shall be on substantially the same terms as those in effect on the date hereof or on terms approved by Parent, which approval shall not be unreasonably withheld.
