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Water Lease means the Regional Water Supply System Lease, to be effective on the Effective Date, relating to the lease of the Leased Water Facilities from the City to the Authority.
The Standard distinguishes between a lease and a contract for services. A lease transfers control over, some aspects of, an asset to the customer. In a service contract the supplier uses the asset to deliver the service, and retains control of that asset.
Form Lease means the applicable form of lease for the Improvements for a particular Property or any portion thereof to be reviewed and approved by Administrative Agent.
Ten Terms To Include In Your Lease AgreementNames of all tenants.Limits on occupancy.Term of the tenancy.Rent.Deposits and fees.Repairs and maintenance.Entry to rental property.Restrictions on tenant illegal activity.More items...?