Type of Lease Clause Examples
The 'Type of Lease' clause defines the specific nature of the lease agreement, such as whether it is a gross lease, net lease, or modified gross lease. This clause clarifies which party is responsible for various expenses like property taxes, insurance, and maintenance, and may outline whether the lease is for a fixed term or renewable. By specifying the lease type, this clause ensures both parties understand their financial obligations and the structure of the tenancy, reducing the risk of misunderstandings or disputes over payment responsibilities.
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Type of Lease. This is a net lease transaction whereby maintenance, insurance, property taxes, and all items of a similar nature are solely for the account of the Lessee.
Type of Lease. Lessee will pay all taxes when due and give notice to Lessor. Net lease transaction whereby Lessee shall be responsible for the payment of all taxes (other than Lessor's income taxes), fees to secure Lessor's Equipment security position, insurance and maintenance and all other costs in connection with the Equipment, and its operation. Lessee shall provide evidence of physical damage and liability insurance with endorsements in amounts acceptable to the Lessor prior to the delivery of the Equipment.
Type of Lease. Individual Rack Rent Lease
Type of Lease. Except as otherwise provided in this Lease, the Minimum Annual Rental is to be paid to Landlord net of taxes, insurance and maintenance. This is a “triple net lease” in that Tenant shall be responsible for the cost of taxes, insurance, maintenance, utilities and all other charges, except for those items of maintenance which are specifically made the responsibility of the Landlord in this Lease.
Type of Lease. ¨ New ¨ Renewal þ Expansion ¨ Option
Type of Lease. Lessee will pay all taxes when due and give notice to Lessor. Net lease transaction whereby Lessee shall be responsible for the payment of all taxes (other than Lessor’s income taxes), fees to secure Lessor’s Equipment security position, insurance and maintenance and all other costs in connection with the Equipment, and its operation. Lessee shall provide evidence of physical damage and liability insurance with endorsements in amounts acceptable to the Lessor prior to the delivery of the Equipment. CREDIT EXPIRATION: Credit approval, if granted, and acceptance of the terms outlined in this proposal shall remain in effect for the period specified under Lease Payments, but in no event, longer than one (1) year from the date of this proposal and subject to no material adverse change in the financial condition of the Lessee.
Type of Lease. Landlord shall obtain, and Tenant shall pay for fire insurance on the Premises. Tenant shall reimburse Landlord for the real estate taxes on the Premises. Maintenance of the Blockbuster landscaping will not be paid by Tenant. Tenant shall at its cost maintain the landscaping located on the Premises. Landlord agrees that the additional charges shall not increase more than Three and one half percent (3.5%) in any single year, including if due to the sale of the property and/or portion of common area. It is agreed that the cost for the interior and exterior building maintenance of the roof and exterior walls, the public utilities from outside walls, septic systems or sewer replacement and replacement or repair of heat, ventilation and air conditioning (HVAC) units (if required) is to be borne by Landlord. It is agreed that the cost of the interior maintenance and janitorial, all utilities, exterior glass, tenant signage and a quarterly HVAC maintenance contracts are the responsibility of the Tenant.
Type of Lease. Real Estate Taxes—All of the real estate taxes on the Premises. (parcel #003-280-021-000), and Tenant's proportionate share of common area real estate taxes.
Type of Lease. [ ] Microwave Tower [ ] Land [ ] Pole Change Out [ ] Attachment Site Name: Coordinates: Address/Location: