An exclusive use clause is a valuable and often negotiated provision in leases. An “exclusive” prohibits a landlord from leasing space to another tenant that will operate a similar business or sell similar products. For example‚ a gym tenant may seek an exclusive to prevent the landlord from leasing space to other gyms‚ or a donut shop may seek an exclusive to prevent another tenant from selling baked goods for on or off premises consumption. Consider the following tips when negotiating an exclusive
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Contemporary Heights Hotel & Service Apartment Lease This Lease Agreement is made and entered into at Dhaka‚ Bangladesh on this the 17th day of April 2014. BETWEEN Contemporary Heights Hotels & Service Apartment represented by Hossain Md. Shamim located at ” Plot -21‚ Road-1/A‚ Baridhara J Block‚ Dhaka-1206‚ Bangladesh‚ hereinafter called “THE Lessor” (which expression shall mean his heirs‚ successors‚ executors‚ administrators‚ legal representative‚ nominees and assigns) of the ONE PART
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------------------------------------------------- The case concerned land with leases and licences Case Name and Citation: Mikeover v. Brady [1990) 59 P. & C.R. 218 Court: Court of Appeal Judges: Slade L.J. and Lincoln J. Decision of Lower Courts: The decision was in favour of the Claimant (Mikeover). It was held that the occupant is a licensee‚ not a tenant. Decision: Upheld in Court of Appeal ------------------------------------------------- The case concerned land with leases and licences Importance of the Cases (1500 words
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implications for the firm’s expenditures and benefits‚ and therefore‚ they should also be evaluated as investment decisions Lease Leases are contractual arrangements by which the owner of property (the "lessor") allows another person (the "lessee") to use the property for a stated period of time in exchange for cash payments or other compensation. The lessee treats Capital leases as the acquisition of assets and the incurrence of obligations. Therefore it is similar to buying of asset. Still some
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credit approved: * Audited Financial Reports for previous 2 years * Board Resolution or P.O.A * Share holding pattern * MOA & AOA‚ Certificate of Incorporation * Company PAN Card * Registration address proof * Master Lease Agreement (attached) * Customer Creation Form (attached) Further as discussed with my colleague Anand Saxena‚ would request your kind confirmation if we can have the credit related documents collected by Friday so we can have the internal credit
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COMPARISM BETWEEN LAGOS STATE TENANCY LAW AND CANADA TENACY LAW In Lagos State -(1) It shall be unlawful for a landlord or his agent to demand or receive from a sitting tenant rent in excess of six (6) months from a monthly tenant and one (1) year from a yearly tenant in respect of any premises without prejudice to the nature of tenancy held at the commencement of the tenancy. (2) It shall be unlawful for a sitting tenant to offer or pay rent in
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Ffion Wyn Parry Land Law – Assessed test LA36130 1. Distinguishing between fixtures and chattels is important when deciding who the legal owner of property is. A fixture is an object which is attached irreversibly to the land‚ the removal of a fixture would result in the damage of the object. However the description of a describes how a chattel is not fixed it is an independent object resting on the land‚ and can be removed without causing damage. The distinction between whether an object
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SEMINAR 12: COVENANTS IN LEASES Leasehold covenants are contractual obligations contained in leases‚ between the landlord and the tenant. There are generally 3 types: • those implied at common law in every lease‚ subject to contrary provision • those implied by statute‚ even in the face of contrary provision • those that are the result of the parties’ express agreement to that effect. A) IMPLIED COVENANTS I) BY LANDLORD A) QUIET ENJOYMENT: Every lease contains an IMPLIED COVENANT
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1 Business location checklist (Print out this checklist to complete it.) Basics Have you determined your requirements (size‚ street frontage‚ services‚ etc) before approaching the market? Yes No Do you propose to lease or purchase? Have you made contact with previous tenants or owners to determine the history of the site? Have any disadvantages become apparent? Is the site suitably zoned? Have you assessed the site for the sales potential of the area‚ economic and demographic factors
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control whole estates of the pubs that are marginal‚ and where the actions‚ skills and motivations of local unit managers are crucial for the success or failure of the property. The exploration of different forms of indirect control via tenancy and lease arrangements is recognition of the need to provide more entrepreneurial incentives for those managing these more marginal properties. In many ways‚ it is possible to view pubs owned by chains operated through both tenancies and leasing as a form
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