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The Use of Premises clause delineates the acceptable purposes and activities for which a leased property can be utilized by the tenant. It ensures that the tenants use aligns with local regulations and the landlords policies, thereby preventing any unauthorized or potentially harmful activities on the premises.
(2) In property contexts, the word premises refers to structures and land that make up a parcel of property.
Legal implications of a pre lease agreement: These agreements are legally binding contracts, obligating both parties to adhere to the outlined terms and conditions. Failure to comply can lead to legal disputes and penalties, emphasizing the importance of drafting a comprehensive and accurate pre lease agreement.
Normal wear and tear means when things get worn out from regular use. Normal wear and tear does not include damage that you cause. You are not responsible for the regular maintenance the landlord must do to maintain the unit in fit and habitable condition.
A condition of premises provision describes the state (such as broom clean or free of furniture, fixtures and equipment) in which the space will be in upon signing the lease.
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The miscellaneous clauses that often appear at the end of a lease, including the right to forfeit, are sometimes called conditions.
A leased premises refers to a space or property that is rented out under a lease agreement. The lease outlines the terms and conditions under which the tenant occupies the property and the landlord receives payment.
Inventory on Lease means all Rental Inventory which is being leased by customers under Rental Contracts (other than Undelivered Rental Contracts) transferred to Buyer hereunder.

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