Lease Option definition

Lease Option means a type of contractual agreement whereby a party has the option to lease property when certain conditions are met. In the context of the Edwards Aquifer Habitat Conservation Plan, the Edwards Aquifer Authority is charged with entering into such contracts with the option to lease an Edwards Aquifer Authority Groundwater Withdrawal Permit becoming actionable upon the existence of a specific ten-year rolling recharge average. The difference between a Lease Option and a Forbearance Agreement is that a Lease Option is a

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Lease Option means a type of contractual agreement whereby a party has the option to lease property when certain conditions are met. In the context of the Edwards Aquifer Habitat Conservation Plan, the Edwards Aquifer Authority is charged with entering into such contracts with the option to lease an Edwards Aquifer Authority Groundwater

Lease Option shall have the meaning assigned to that term in the recitals hereto.

Examples of Lease Option in a sentence

• Broker will not obtain or order products or services from outside sources (e.g., surveys, soil tests, title reports, inspections) without the prior consent of Buyer, unless provided by the Contract of Sale, Lease, Option or Exchange of Real Estate.

• If subsequent to this Amendment, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

• If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

• If you have opted for the Individual Lease Option, your lease provides you with an undivided portion of an apartment unit at a rental rate that is less than the full apartment rate.

• Download: PDF, Word (.docx), OpenDocument Rent-to-Own Agreement (Lease Option) – A regular lease that includes additional terms and conditions to allow a landlord and tenant to execute a real estate sale transaction after the term of the lease has expired.

More Definitions of Lease Option

Lease Option shall have the meaning set forth in Section 2.1.

Lease Option means Potash Ridge's option under the Exploration and Option Agreement to convert its exclusive exploration right on the Blawn Mountain Project into a mineral lease at any time during the Option Period.

Lease Option means an operating lease for acquiring tangible equipment and "lease purchase options" means a capital lease for acquiring tangible equipment. The City of Hobbs can enter into either an operating lease or a capital lease in acquiring tangible equipment. Thresholds still apply as to the total value of the leased asset. All lease agreements valued at under sixty thousand dollars ($60,000.00) seventy five thousand dollars ($75,000.00) must be signed by the City Manager or designee. All lease agreements with tangible equipment valued at over sixty thousand dollars ($60,000.00) seventy five ($75,000.00) must be processed through bidding, request for proposal, GSA, or cooperative purchasing and be approved by the City Commission.

Lease Option shall have the meaning given the term in the Recitals to this Agreement.

Lease Option means any contract or other agreement by which the holder has the right, but not the obligation, to acquire a Lease or Leases or Mineral Interest by the payment of money or for other consideration.

Lease Option the option granted to the Purchaser under the Master Agreement to lease the Forest Land Use Right (林地使用權) of the Forest Land for 30 years after harvesting; “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange;

Lease Option means the option dated granting to the Company the option to enter into the Site Lease.