Fee Simple Title Sample Clauses
The Fee Simple Title clause establishes that the ownership interest being conveyed is the highest form of property ownership, granting the holder full rights to possess, use, and transfer the property indefinitely. In practice, this means the buyer receives a title free from significant restrictions or conditions, subject only to standard limitations such as zoning laws or recorded easements. This clause ensures that the buyer obtains clear and complete ownership, minimizing future disputes over property rights and providing maximum security in the transaction.
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Fee Simple Title. Buyer shall obtain a certification of title, and Seller agrees to provide merchantable fee simple title to Buyer as of the date of recording of the deed, subject only to such liens and encumbrances as may be approved by Buyer. Buyer shall, within seven (7) days prior to closing, deliver such certificate to Seller. Seller shall, prior to closing, secure and file any and all lien releases as may be necessary in order to deliver merchantable fee simple title to Buyer. In the event that Seller is unable to secure such releases, Buyer shall be entitled to extend closing for up to thirty (30) days in order to secure and file releases, or Buyer, at its option, may utilize as much of the above-stated purchase price as is necessary to satisfy any and all such liens which encumber merchantable fee simple title.
Fee Simple Title. The Borrower has good and marketable fee simple title to the Site, free from all liens and encumbrances except those permitted under the Mortgage.
Fee Simple Title. On the Closing Date, the City shall cause the execution, acknowledgement, and delivery to Purchaser (through Escrow) of a quitclaim deed which includes the Deed Restrictions, in the form attached as Exhibit C (the “Quitclaim Deed”) and to cause the Title Company to deliver the Title Policy to Purchaser.
Fee Simple Title. At the Closing and at all times thereafter until the Loan is paid in full, Borrower will have good and merchantable fee simple title to the Land, subject only to the Permitted Exceptions.
Fee Simple Title. The City shall convey good and marketable fee simple title to the Property by special warranty deed to Developer (the “Deed”), subject only to the Permitted Exceptions and the Permanent Easement.
Fee Simple Title. Seller owns good and marketable fee simple title to the Property, free and clear of all liens and encumbrances except those set forth in the “PTR” (as defined in Section 8.1(b) below).
Fee Simple Title. Seller warrants that it is the fee simple owner of the Real Property and Improvements, subject to the Encumbrances. Seller warrants it is the lessee under the Lease Agreement, subject to the Encumbrances.
Fee Simple Title. Conveyed to Hoboken fee simple title to the Shipyard Properties together with a deed restriction(s), in a form reasonably acceptable to both the Applied Parties and Hoboken, limiting, in perpetuity, the use of the Shipyard Properties to only the Permitted Uses. Said title shall be free and clear of any liens that secure monetary obligations, and free and clear of any tenancies or rights of occupancy held by other persons, except that said title shall be subject to any utility occupancy or rights of utility easements. It shall be solely the responsibility of Hoboken to record the deed for the Shipyard Properties. Hoboken agrees that it shall be solely responsible for the cost and expense to improve the Shipyard Properties and conduct the Permitted Uses on the Shipyard Properties, including all costs and expenses for environmental remediation, subdivision, maintenance, repair, and replacement obligations for the Shipyard Properties; or
Fee Simple Title. The Landlord covenants that the Landlord is the holder of fee simple title to the Property and that Landlord has full right and authority to enter into this Ground Lease.
Fee Simple Title. At Closing, Seller shall deliver fee simple marketable title of record and in fact to the Property to Buyer by general warranty deed pursuant to the terms and conditions set forth in Section 5 of this Agreement.