Buyout Agreement definition

Buyout Agreement means an agreement wherein the landlord pays the tenant money or other consideration to vacate the rental unit. An agreement to settle a pending unlawful detainer action shall not be a "Buyout Agreement."

Buyout Agreement means an agreement wherein the owner of a

Buyout Agreement is defined in the recitals.

Examples of Buyout Agreement in a sentence

• A Net Recov- ery Buyout Agreement was required for borrowers who bought out their loans at the net recovery value.

• In order to rescind a Buyout Agreement, the tenant must, on or before the 45th day following the execution of the Buyout Agreement by all parties, hand deliver, email, or place in the mail a statement to the landlord indicating that the tenant has rescinded the Buyout Agreement.

• A tenant may choose to consult with an attorney before entering into a Buyout Agreement or Buyout Negotiations.

• Any Buyout Agreement that does not comply with the requirements of Rent Ordinance Section 37.9E(f) shall not be effective and may be rescinded by the tenant at any time.

• The following people will have decision-making authority over the terms of the Buyout Agreement on behalf of the landlord.

More Definitions of Buyout Agreement

Buyout Agreement means a written agreement between a Landlord and a Tenant as provided in Section 5.14.080 by which a Tenant, typically in consideration for monetary payment, agrees to vacate a Rental Unit.

Buyout Agreement means an agreement between or among part−owners of a business that, under stated conditions, the person withdrawing is legally obligated to sell his or her interest to the remaining part−owners.

Buyout Agreement means a signed written agreement, resulting from the Buyout Offer, consistent with the requirements of Chapter 14 wherein the Landlord promises to provide consideration in exchange for the Tenant’s agreement to voluntarily vacate the Rent Stabilized Unit.

Buyout Agreement means a written agreement where a Landlord pays a

Buyout Agreement shall have the meaning assigned to it in Section 6.1(m).

Buyout Agreement means a signed written agreement, resulting from

Buyout Agreement means that certain buyout agreement executed by and between Purchaser, or its permitted assignee, as landlord, and Seller, as tenant, in conjunction with the Lease, in substantially the form attached hereto as Exhibit H and incorporated by reference herein. “Closing Date” shall mean the last day of the Inspection Period, or such earlier time as the parties may agree. “Contracts” shall mean, collectively, any and all service, maintenance, management or other contracts or agreements with third parties relating to or affecting the Property. “Due Diligence Materials” shall mean those materials and information more particularly described on Exhibit D attached hereto and incorporated by reference herein. “Xxxxxxx Money” shall mean the sum of Four Hundred Thousand and NO/100 Dollars ($400,000.00), together with all interest accrued thereon. “ESC” shall mean that certain Environmental Services Contract with an effective date of November 17, 2016 by and between Seller and the SFWMD, a copy of which is attached hereto as Exhibit F and incorporated by reference herein.