Group Lease definition

Group Lease. All areas inside and outside the property not individually assigned as bedrooms are collectively termed as common-area. All Tenants leasing bedrooms at the property address are jointly and severally liable for all common-areas. Since all Tenants are jointly and severally responsible for the entire common-area, it is not the responsibility of the Landlord to determine which individual Tenant or Guest caused damages in the common-area. Castle Property LLC leases this property from the Property Owners with the ability to sublease to Individual Tenants. For the purposes of this lease Castle Property LLC is the only Landlord and the Property Owner is not a party to this lease.
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Group Lease means a lease:
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Group Lease. All areas inside and outside the property not individually assigned as bedrooms are collectively termed as common-area. All Tenants leasing bedrooms at the property address are jointly and severally liable for all common-areas. Since all Tenants are jointly and severally responsible for the entire common-area, it is not the responsibility of the Landlord to determine which individual Tenant or Guest caused damages in the common-area. Castle Property LLC is assisting BSI Properties by showings and completing their leases for the 2022-23 lease year. Castle Property LLC currently manages these properties but will not be the manager for the 2022-23 lease years and beyond. This property will be managed directly by the property owner BSI Properties. BSI Properties will also be the point of contact for any needed service or maintenance and will be collecting monthly rent. Electronic copies of the signed lease should be returned to Castle Property LLC (xxxxxx@xxxxxxxxxxxxxx.xxx) within 3 days. Signed hard copy of the lease mailed to: Castle Property LLC, 000 Xxxxx Xxx, Xxxxxxxxxxxx, XX 00000 and received in 10 days. Security deposit payments should be mailed to the Castle Property LLC address and received within 10 days and 40 days. Questions with your lease or the completion process please call Castle Property LLC 540-564-2659.
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Examples of Group Lease in a sentence

  • Each Quarterly Report and Annual Report, as the case may be, shall contain a listing of the ACS Group Aircraft that are not subject to any ACS Group Lease.

  • In the event any such assignment requires the consent of the "landlord" or "lessor" under the applicable Equifax Group Lease, then the respective Assignor and Assignee hereby agree to reasonably cooperate with each other in obtaining any such required consent.

  • Farmington Office Lease 000 Xxxxxxxxxx Xxx., Xxxxx 000 Xxxxxxxxxx, Xxxxxxxxxxx Leased Pro-Park Group Lease, dated 3/31/11 by and between Pro-Park Group and Connecture, Inc.

  • CIT Group, Lease #907000012400, dated October 26, 2007, with a termination date of October 26, 2010, for 39 laptops; b.

  • Xxxxxxxx, General Counsel Agreement and Acknowledgment of Assignors and Assignees: ------------------------------------------------------- Each of the following parties hereby agree to the terms and provisions of the foregoing Agreement Regarding Leases, and is hereby made a party thereto, solely with respect to the assignment of the Equifax Group Lease with respect to which such party is Assignor or Assignee pursuant to Section 2(c) of the foregoing Agreement Regarding Leases.

  • In other words, the election or deemed election of any other "Lessee" to terminate another Facility Group Lease pursuant to clause (a) of Section 49 of such Facility Group Lease shall also be deemed to be Lessor's and Lessee's mutual election to terminate this Lease.

  • CIT Group, Lease #901002903100, dated June 20, 2008, with a termination date of June 20, 2011, for 15 laptops; and c.

  • Except for the liability of the Centex Corporation as specifically provided in the Contract Guaranty, Centex Service Company Lease Guaranty and Centex Construction Group Lease Guaranty, in no event whatsoever shall recourse be had or liability asserted against any of Seller’s or Purchaser’s partners, members, shareholders, employees, agents, directors, officers or other owners of Seller or Purchaser, or their respective constituent partners.

  • Lease Agreement 6/2/2010 Commencement Letter 9/29/2010 Robins & Xxxxxx Group Lease Agreement 7/16/2008 Commencement Letter 11/1/2008 Lease Agreement Amendment 1 3/31/2009 Sandisk Technologies, Inc.

  • Notwithstanding anything to the contrary in this Lease, in the event that any other Facility Group Lease shall be terminated pursuant to clause (a) of Section 49 thereof (but not clause (b)), then this Lease shall without further action of Lessor and Lessee hereunder also automatically terminate.


More Definitions of Group Lease

Group Lease means the Lease and each other present or future lease:
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Related to Group Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.