Demise Construction and Acceptance Clause Samples

The 'Demise, Construction, and Acceptance' clause defines the transfer of possession (demise) of a property from the landlord to the tenant, outlines the responsibilities for constructing or improving the premises, and sets the terms under which the tenant formally accepts the property. Typically, this clause specifies the condition in which the property will be delivered, details any construction or fit-out obligations (such as who pays for and manages renovations), and establishes the process for the tenant to inspect and accept the premises as suitable for use. Its core function is to clearly allocate responsibilities and set expectations regarding the state of the property at the start of the lease, thereby reducing disputes over property condition and readiness.
Demise Construction and Acceptance. 5 ARTICLE 3 RENT.................................................................9
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Demise Construction and Acceptance. 2 ----------------------------------------------- 2.1 Demise of Premises 2 2.2 Commencement Date 2 2.3 Construction of Improvements 2 2.4 Delivery and Acceptance of Possession 2 2.5 Early Occupancy 3 ARTICLE 3 - RENT 3 ----------------- 3.1 Base Monthly Rent 3 3.2 Additional Rent 3 3.3 Payment of Rent 3 3.4 Late charge and Interest on Rent in Default 3 3.5 Security Deposit 3 ARTICLE 4 -
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Demise Construction and Acceptance 
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Related to Demise Construction and Acceptance

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • Commencement and Completion of Construction Subject to Unavoidable Delays, Developer shall cause construction of the Minimum Improvements to be undertaken and completed: (i) by no later than June 1, 2020; or (ii) by such other date as the parties shall mutually agree upon in writing. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements shall be in conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Developer agrees that it shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof.

  • New Construction If this contract is for a Property that is newly constructed and the new construction option is selected, coverage begins on day one (1) of month thirteen

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.