Examples of New Lease in a sentence
Should Resident default on the current Lease Contract, Resident will still be responsible for the current Lease Contract and the New Lease Contract.
If Resident does not execute a New Lease Contract as and when required by Owner, Resident may not be able to maintain Resident’s current Exclusive Bed Space, Premises, and Unit in the New Lease Contract.
If, prior to the Expiration Date of the Term, Resident executes a binding lease contract with Owner for the next succeeding term (a "New Lease Contract"), the terms of this Lease Contract shall continue in full force and effect until the beginning of the term provided in the New Lease Contract (the “New Term”).
Resident shall remain liable for all amounts of Additional Rent which may be or become due and owing hereunder prior to the commencement of the term of the New Lease Contract.
Landlord, without liability to Tenant or any Permitted Leasehold Mortgagee with an adverse claim, may rely upon a title insurance policy issued by a reputable title insurance company as the basis for determining the appropriate Permitted Leasehold Mortgagee who is entitled to such New Lease.