Leaseholders definition
Examples of Leaseholders in a sentence
Loans from banks and building societies to Leaseholders would often require Leaseholders to take out mortgage indemnity insurance or other forms of additional security which would increase the expense to the Leaseholder of acquiring a shared ownership interest in the property.
So with the aim of cutting down or avoiding such expense arising (so that mortgage indemnity insurance is not required and encouraging banks and building societies to lend the shared owners), the Landlord agrees that if the Leaseholder defaults the Landlord will compensate the Lender for some part of any loss incurred if the proceeds from the sale of the Leaseholder's share of the property are insufficient.
If the Leaseholder gives the Landlord notice that he or she wishes to sell his or her interest in the lease, the Landlord can require the Leaseholder either to surrender (or hand back) the lease to the Landlord or assign the lease to a person nominated by the Landlord, in both cases the price will be no more that the market value of the Leaseholder's share of the property).
For this reason the Leaseholder's lender will need to obtain the consent of the Landlord to the terms of the Leaseholder's mortgage.
Leaseholders will also need to provide a letter of confirmation for their private tenants.
This clause does not apply to Leaseholders, who remain free to communicate with the press in a personal capacity about the Project, Agreement, or Government policy.
This clause does not prevent Leaseholders from communicating with the media in a personal capacity about the Project, Agreement, or Government policy; nor does it prevent the Applicant from commenting on Government policy.
The premises are rented for use by the following persons ONLY (NO ADDITIONS OR SUBSTITUTIONS WITHOUT LANDLORD’S PRIOR WRITTEN APPROVAL): Leaseholders: All Other Occupants: .
Except for Leaseholders, the University only permits individuals in a close personal relationship to live with the Leaseholder.
With forty-eight (48) hours prior written notice to Leaseholder, the University can enter the Premises to show an Apartment to government inspectors, lenders, prospective buyers, prospective Leaseholders, other tenants, or insurance agents.