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Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use...

Pima Arizona Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own

Name: Pima Arizona Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own
Brand: US Legal Forms
Rating: 4.81 (494 reviews)

Category:

Real Estate - Condominiums

State:

Multi-State

County:

Pima

Control #:

US-01361BG

Format:

Instant download

Description

A condominium is a combination of co-ownership and individual ownership. Those who own an apartment or a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment or condominium unit in the building is individually owned. This Agreement for the Sale and Purchase of a Condominium Unit is similar to an agreement for the sale and purchase of a lot and building.

Mixed-use development is the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

A clear and thorough description of what is (and therefore, is not) being leased is paramount. The description of the leased Premises should include an address, a description of the boundaries, and a plot plan, aerial photo or diagram (which is typically attached as an appendix to the lease document).

- Required by the Residential Leasehold Disclsoure Act, the Residential Leasehold Property Addendum is used to provide buyers with information about the ground lease on the leasehold property they're purchasing.

Section 8.1 Use of Premises. The Premises shall be occupied and used by Tenant solely for the purpose of conducting therein the Permitted Use. Tenant expressly acknowledges that its Permitted Use is nonexclusive, and that other tenants or owners in the Center may conduct business which is similar to that of the Tenant.

Leased Premises means an area forming part of the Property, assigned to the LESSEE for its exclusive use under this Contract, per Lease Schedule.

Mixed-use properties refer to properties intentionally used for a variety of purposes, including commercial, residential, retail, office, or parking space. For instance, if you had an apartment complex, retail stores, and businesses located within the same area, this would be a mixed-use property.

Tenant shall only use the Premises as a residence. The Premises shall not be used to carry on any type of business or trade without prior written consent of the Landlord. Tenant will comply with all laws, rules, ordinances, statutes and orders regarding the use of the Premises.

The most important clause to landlords is the duty of the tenant to pay the rent in full and on time. This includes the right to charge a fee for damages if payment is late. Other important clauses grant the landlord the right to enforce the rules and regulations written into the lease.

The use clause in a lease tells you how you can utilize your space. It may restrict your lines of business, stipulate office hours that you must adhere to and place restrictions on advertising signage on the premises.

A building lease is a legal contract used by landlords and tenants to formally agree on the rental terms of commercial buildings that are used for office, industrial, or retail purposes. Landlords receive payments from their tenants in return for being able to use the commercial property for their business as needed.

A lessor is the owner of an asset that is leased, or rented, to another party, known as the lessee. Lessors and lessees enter into a binding contract, known as the lease agreement, that spells out the terms of their arrangement.

More info

Close-out the project and the owner can lease-up the units. Ensure they permit conventional apartment development at densities of at least 18 to 20 units per acre.Present value of obligated future lease receipts. Application of Tool Kit to Affordable Apartment Complex. Shall have the meaning set forth in the Agreement. Have the misconception that the General Plan allows the City to acquire private property for development projects or that the Plan will be used to force. Illegal Contract Defense. Area -wide Zoning Map Amendment. Rezoning). Historic Overlay District Designation. Close-out the project and the owner can lease-up the units.

Pima Arizona Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own

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