Indenture For Lease In California
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In order to avoid problems at the recorder's office, all assignments of leases which are to be submitted for recording in California must state explicitly on the front page of the document whether or not the remaining term of the lease exceeds thirty-five years, and, if so, that such assignment is subject to transfer ...
Know the terms of your lease If it does, you may still have options. In some locations, state law dictates that landlords cannot refuse a tenant who organizes a reasonable lease transfer. In others, such as California, the law dictates that unless the lease specifically states otherwise, lease transfers are permitted.
In summary, if you`re looking for a way to rent a property in California with the option to eventually buy, a lease option agreement might be the right choice for you. Just be sure to understand the legal requirements and consult with an attorney to ensure a successful transaction.
Lease Indenture means the Indenture of Trust, Mortgage and Security Agreement, dated as of the Closing Date, between the Owner Lessor and the Lease Indenture Trustee, substantially in the form of Exhibit E to the Participation Agreement duly completed, executed and delivered on the Closing Date pursuant to which the ...
Verbal and Written Agreements California's Statute of Frauds requires a lease to be in writing if it either: 1. has a term longer than one year; or 2. has a term less than one year which expires more than one year after the agreement is reached.
The terms of the Indenture are tailored to reflect the specific type of transaction and issuer. Like credit agreements,1 an Indenture contains lending and repayment terms. In contrast to credit agreements, however, the lender is not a party to an Indenture.
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.
Lease Indenture means each Indenture of Trust, Mortgage and Security Agreements among an Owner Lessor, as Issuer, The Bank of New York, as Security Agent and The Bank of New York, as Lease Indenture Trustee, dated December __, 2001 entered into pursuant to each Participation Agreement. Sample 1Sample 2Sample 3.
The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.
