Common use of Usufruct Clause in Contracts

Usufruct. This contract shall create the relationship of landlord and tenant between Landlord and Tenant; no estate shall pass out of Landlord; Tenant has a usufruct, not subject to levy and sale, and not assignable by Tenant except as expressly set forth herein.

Appears in 2 contracts

Sources: Industrial Multi Tenant Lease (Immucor Inc), Industrial Multi Tenant Lease (Brightstar Corp.)

Usufruct. This contract and Lease shall create the relationship of landlord and tenant between Landlord and Tenant; no estate shall pass out of Landlord; Landlord and Tenant has only a usufruct, usufruct which is not subject to levy and sale, and not assignable by Tenant except as expressly set forth herein.]

Appears in 1 contract

Sources: Office/Warehouse/Showroom Lease (Musicmaker Com Inc)