Co-Lessees definition
Examples of Co-Lessees in a sentence
Lessor will not unreasonably withhold such consent and Co-Lessees will not unreasonably prevent their fellow lessees from subletting or assigning their interest in this lease.
Since the interest of the Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee shall use the Common Areas along with other Co-Lessees and/or Co-Occupiers of the Project, maintenance staff, etc.
Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) / Co-Lessees in the Project, the same shall be in the proportion which the Carpet Area of the Apartment bears to the total Carpet Area of all the apartments in the Project.
The Allottee further agrees and acknowledges that such Corpus Deposit shall be handed over to the Association and/or Apex Body by the Promoter, without any interest, after adjusting/deducting therefrom all amounts then remaining due and payable by the Allottee and the several Co-Lessees of the Project to the Promoter, together with interest thereon.
Lessor shall have no duty to see any allocation of use or benefits of the Equipment or Collateral, regardless of any notice or request from any Co-Lessee, all relations between or among Co-Lessees being an internal matter for them and not for Lessor.
Insofar as Lessor is concerned, the act of any Co-Lessee shall bind all other Co-Lessees, and Lessor (and Lessee’s and each Co-Lessee’s rights and duties to Lessor) shall not be affected by any notice or action to the contrary.
Such amount(s), if any, thus transferred shall be held by the Association /Apex Body on behalf of and on account of the Allottee and the several Co-Lessees of the Project inter alia as a sinking fund.
Lessor shall be fully protected, as to Lessee and all Co-Lessees, in dealing with any Co-Lessee.
The liability of Co-Lessees hereunder shall be joint and several.
If you have not appointed a deputy herein, the Lessee and any Co-Lessee(s) must sign the Add/Remove Signer form to appoint a deputy.