Additional Tenant Improvements Clause Samples
The "Additional Tenant Improvements" clause defines the terms under which a tenant may make further alterations or enhancements to the leased premises beyond those initially agreed upon. Typically, this clause outlines the approval process required from the landlord, specifies the types of improvements permitted, and may address responsibility for costs and restoration obligations. Its core function is to provide a clear framework for managing changes to the property during the lease term, ensuring both parties understand their rights and responsibilities regarding modifications.
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Additional Tenant Improvements. The Plans and Specifications for the Additional Tenant Improvements shall be mutually approved by the parties (which approval shall not be unreasonably withheld, delayed, or conditioned). A copy of the approved Plans and Specifications for the Additional Tenant Improvements shall be initialed by each party and attached to this Lease subsequent to its execution by the parties. If, despite reasonable efforts, the parties are unable to agree on the Plans and Specifications within thirty (30) days after the Execution Date, either party may terminate this Lease by giving Landlord written notice of termination to the other. Prior to the Commencement Date: (i) Landlord will provide carpet, VCT and paint and other repairs as specified in the construction quote provided by Spec Con General Contractors as dated March 8, 2005, the total amount of which is estimated to be $8,293.00; and (ii) Landlord shall repair and replace the missing water heater pan drain line on the lavatory drain in the women’s restroom. Landlord shall use commercially reasonable efforts to cause the Additional Tenant Improvements to be “Substantially Completed” by the Target Commencement Date and, in any event, by the Outside Commencement Date. The parties, however, acknowledge that delays attributable to Tenant before execution of this Lease will prevent Landlord from “Substantially Completing” the Additional Tenant Improvements by the Commencement Date. Each of these dates shall automatically be extended for the following (the “Permitted Delays”): (a) Tenant delays (including, but not limited to, Tenant’s failure to provide Landlord with every thing reasonably necessary to enable Landlord to complete the construction drawings for the Premises by the Construction Drawings Completion Date, Tenant’s failure to meet the Budget Approval Date, and Tenant change orders); (b) each day in excess of three (3) weeks, after Landlord s application, that it takes to obtain the building permits; and (c) delays in construction caused by weather. If Landlord fails to meet the Outside Commencement Date, other than because of the Permitted Delays, Tenant shall have the right to terminate this Lease upon giving Landlord written notice of termination at any time prior to its taking possession of the Premises.
Additional Tenant Improvements. Lessor and Lessee recognize that the Tenant Improvements identified and detailed on Exhibit “B” are the result of agreements arrived at during previous meeting between Lessor and Lessee. Any Additional Tenant Improvements are subject to Lessor’s approval thereof, with the understanding that the total cost of the Additional Tenant Improvements shall be the sole responsibility of Lessee. If Lessor and Lessee are unable to agree upon the plans for, or the cost of, any such proposed Additional Tenant Improvements, Lessor shall not be obliged to construct such Additional Tenant Improvements and may proceed with the construction of the Tenant Improvements in accordance with the Working Drawings. In the event Additional Tenant Improvements are approved by Lessor, then Lessor shall prepare an Additional Work Authorization (“AWA”) outlining the specific additional work to be completed and shall deliver same to Lessee. Lessee shall execute said AWA and return it to Lessor, together with a check for the total cost of such Additional Tenant Improvements. Lessor shall not be obligated to commence construction of any approved Additional Tenant Improvements until Lessor has received such signed AWA and the check. Any construction delay arising out of Lessee’s request for any Additional Tenant Improvements shall result in the acceleration of the Commencement Date.
Additional Tenant Improvements. In addition to the Tenant Improvements defined in Article 45, Landlord agrees to provide, at Landlord’s cost and expense, the following, under the same terms and conditions as provided in Article 45:
a. Two (2) electrical receptacles per office/conference room
b. Twenty
Additional Tenant Improvements. Tenant, at Tenant's option, shall have the right to amortize up to an additional $10.00 per rentable square feet over the entire lease term at an interest rate of nine percent (9%). This allowance may be applied towards any hard or soft, construction or moving-related costs, included but not limited to construction, furniture, telecommunications, professional fees or moving expenses.
Additional Tenant Improvements. Lessor has substantially completed the following tenant improvements in a timely manner to coincide with the completion of Tenant Improvements agreed to in Lease Amendment #1, and Lease Amendment #2 of the Lease. These improvements shall be amortized over a ten year period at ten percent (10%) interest. Below is a list of the additional Tenant Improvements of this Third Amendment:
1.) CHANGE ORDER #1 * Furnish and install seven (7) each 9'x10' roll up doors @ $600.00 each TOTAL CHANGE ORDER #1 : $4,200.00
2.) CHANGE ORDER #2 * Incorporated into Change Order #4
3.) CHANGE ORDER #3 * Furnish and Install seven (7) each dock seals * Furnish and Install seven (7) each edge of dock levelers TOTAL COST OF CHANGE ORDER #3 $16,800.00
4.) CHANGE ORDER #4 ELECTRICAL: * 1,000 ft. of additional wire-mold * 3 ea. 200 amps 120/208v. sub-panels for new wire-mold * 1 ea. 75 kva transformer, 1 ea 100 amp 480 v. distribution breaker in swath board * 1 ea. 200 amp sub feed run to new panels, 36 ea. wire-mold feeder drops * 2 ea. 30 amp 3(/) receptacles, 10 ea. 20 amp 1(/) outlets on south wall * Reengineering production area cost TOTAL COST OF ELECTRICAL : $61,725.00 PLUMBING; COMPRESSED AIR/VACUUM SYSTEM * 440 ft. overhead main to accommodate new outlet location in production area * 17 ea. additional main air drops to production area * 320 ft. of main vacuum drops * Credit for 4 outlets * Reengineering costs TOTAL COST OF PLUMBING; COMPRESSED AIR AND VACUUM: $10,860.00 VOICE/DATA SYSTEM * Install one (1) 7'x19 relay rack with wire managers in storage room * Install and terminate 200 pair Voice backbone cable from Zytec Telco Room storage space located in Comtec space to allow Comtec connectivity to Zytec's Meridian Telephone System. * Install and terminate 12 strand multi-mode OFNR optical fiber cable from Zytec Telco room to storage space located in Comtek space. To allow connectivity to Zytec LAN system. * Install cables, jacks and patch panels to provide Category 3 UTP connectivity to various described locations. * Thirteen (13) telephone jacks to the bench area. * Two (2) pay phone jacks * Nine (9) universal outlets in modular furniture office area, two (2) jacks per outlet (26 total). * One (1) universal outlet in conference room, two (2) jacks total. GENERAL MISCELLANEOUS * Engineering, plans for 12'x8' half dome type vinyl canopy at front entrance to building. * Engineering and plans for 8' x 20' concrete patio slab with 8' x 20' vinyl canopy. * Build 8' x 10' storage...
Additional Tenant Improvements. Landlord and Tenant hereby agree to amortize the additional tenant improvements in the amount of $4,076.00 at 10% annual interest in the following manner: Tenant to make 12 payments in the amount of $355.38 beginning February, 1996, due and payable with the monthly installments of rent. TENANT: ALBUQUERQUE CORRECTIVE EYE SURGERY BY: /s/ [cad 157]ILLEGIBLE[cad 179] -------------------------------- Date: 8 Jan 96 -------------------------------- LANDLORD: BGK ASSET MANAGEMENT CORP. AS AGENT FOR METRO CENTER ASSOCIATES, L.P. BY: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ --------------------------------- ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President DATE: Jan 8, 1996 --------------------------------- ASSIGNMENT OF LEASEHOLD INTEREST WITH CONSENT OF LANDLORD "LANDLORD" BGK ASSET MANAGEMENT CORP. BY: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ --------------------------------- IT'S: PRESIDENT ---------------------------------- AS MANAGING AGENT ON BEHALF OF METRO CENTER ASSOCIATES, L.P.
Additional Tenant Improvements. Section 44.D of the Lease shall be deemed amended as follows:
(a) Lessor and Lessee acknowledge and agree that Additional Funds in the amount of Three Million Five Hundred Eighty-Nine Thousand One Hundred Eighty-One and 02/100 Dollars ($3,589,181.02) have been disbursed by Lessor to Lessee for Additional Tenant Improvements.
(b) Lessor shall disburse the remaining Additional Funds in the amount of Two Million Two Hundred Ten Thousand Eight Hundred Eighteen and 98/100 Dollars. ($2,210,818 98) in accordance with, and upon Lessee’s satisfaction of, Lessor’s standard disbursement procedures (including without limitation, Lessee’s completion, execution and delivery of the related Draw Request, and Lessee’s delivery of supporting invoices, lien waivers and any other documents reasonably requested by Lessor in connection with such disbursement), in up to three (3) separate installments as follows: (i) the amount of Nine Hundred Sixty-Six Thousand One Hundred Thirty-Five and 26/100 ($966,135.26), representing amounts incurred and paid by Lessee for Additional Tenant Improvements; and (ii) amounts incurred and paid by Lessee for Additional Improvements related to the “New Swimming Pool” project and the “Bright Angel Remodeling” project, each as described on Exhibit E to the Lease; provided, however, that prior to the final disbursement of Additional Funds, Lessee shall have provided to Lessor, at Lessee’s sole cost and expense, a current site inspection and valuation of the Property, separate stating values for the Property and the improvements located thereon, from a party selected by Lessor, in form and substance acceptable to Lessor and confirming a concluded value equal to or greater than the sum of (A) Lessor’s Total Investment, and (B) all Additional Funds disbursed and to be disbursed as the final disbursement.
(c) The Final Disbursement Date shall be up to and including September 30, 2008.
Additional Tenant Improvements. Lessor shall reimburse Lessee an additional aggregate amount not to exceed Five Million Eight Hundred Thousand and 00/100 Dollars ($5,800,000.00) (collectively, the “Additional Funds”) for the construction, completion, rehabilitation, renovation or installation of improvements to the Property related to the operation to the Permitted Facility that are described on Exhibit E attached hereto and incorporated herein (collectively, the “Additional Tenant Improvements ”). Lessor shall disburse the Additional Funds in accordance with, and upon Lessee’s satisfaction of, Lessor’s standard disbursement procedures (including without limitation, the completion, execution and delivery of the Draw Request Certification in the form attached hereto as Exhibit F (the “Draw request”)), in three (3) separate installments as follows: (i) an initial disbursement of $1,044,089.00 shall be made on the date of execution and delivery of this Third Amendment, the Draw Request, and any other documents reasonably requested by Lessor in connection with such initial disbursement; (ii) an interim disbursement not to exceed the amount of $3,071,562.00 shall be made on July 31, 2006 (provided that Lessee has complied in all respects with Lessor’s disbursement procedures); and (iii) a final disbursement not to exceed $1,684,349.00 shall be made upon completion of the Additional Tenant Improvements (provided that Lessee has complied in all respects with Lessor’s disbursement
Additional Tenant Improvements. “Additional Tenant Improvements” shall mean those additional improvements to the Land and the Premises which are not a part of the Landlord Improvements and the completion of which shall not be a condition precedent for the Substantial Completion or Final Completion of the Premises. The Additional Tenant Improvements shall be subject to (i) Landlord’s prior written approval (which shall not be unreasonably withheld or delayed), (ii) the approval of Landlord’s lender (“Lender”), and (iii) all approvals, authorizations, consents, permits and licenses of all governmental agencies with jurisdiction over the Land and the Premises.
Additional Tenant Improvements. Those alterations or improvements to the Premises that will be part of the initial improvements to the Premises but are in addition to the alterations and improvements described in Exhibit C and as appear and are depicted in the Plans and Specifications. Base Amount Allocable to the Premises. Defined in paragraph captioned "Additional Rent."