Financial Statements Covenant — Lease

Description

This smart field captures obligations of a tenant to deliver the tenant’s financial statements to the landlord, including requirements to deliver financial statements in connection with the exercise of certain options under a lease or the calculation of percentage rent. It does not capture any right of a landlord to inspect books and records or detail the types of financial statements or accounting methods that a tenant must use, or capture representations about any financial statements. This smart field was trained on United States and Canadian commercial leases.