Lease Rights definition
Examples of Lease Rights in a sentence
Further the Lease Rights granted to the Developer in respect of the Commercial Development Assets shall be incapable of conversion into freehold rights.
The Developer shall not, at any time during the Term, assert any ownership rights and/or lease rights over the Project Land or the Assets and Project Utilities developed thereupon, and/ or any other interests in the Project Land (save and except the Lease Rights to the Commercial Development Assets as set out under the Agreement), and/or any built-up structures and all other assets erected on the Project Land and/or shops etc., in /at the Station.
A total consideration of ₹3.00 million paid by our Company pursuant to the Lease Rights Agreement.
If the Lessee transfers in any manner whatsoever the Development and/or Lease Rights of the Project Land or part thereof except to the extent and in the manner specifically provided in this agreement.
The following table sets out the Group’s commitment for operating leases in respect of properties under Lease Rights and other operating leases.