Demising Clause Samples
The Demising clause defines the act of transferring possession of a specific portion of property, typically from a landlord to a tenant, under a lease agreement. It specifies the exact area or premises being leased, often by referencing floor plans or legal descriptions, and may outline any rights to use common areas. This clause is essential for clearly identifying the leased space, thereby preventing disputes over boundaries and ensuring both parties understand the extent of the tenant's rights to occupy the property.
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Demising. (a) Sublessee shall construct a demising wall between the Subleased Premises and the portion of the Premises covered by the Master Lease that Sublessor shall continue to occupy during the term of the Sublease. The plan for such work and the contractor's bid is attached hereto as Exhibit A, and, by its execution hereof, Landlord approves such plan and such bid. Upon completion of construction of the demising wall in accordance with such plan, Sublessee shall deliver to Landlord invoices evidencing the costs incurred for the construction of the demising wall ("Demising Costs") and evidence of Sublessee's payment of such amounts and, within thirty (30) days thereafter, provided that no default exists under the Quantenna Direct Lease, Landlord shall reimburse Sublessee for a portion of the Demising Costs, but in no event shall Landlord's reimbursement obligation hereunder exceed Seven Thousand Seven Hundred Twenty Three Dollars ($7,723.00).
(b) At the end of the term of the Sublease, Sublessor shall have the right to require that the demising wall be removed and the Subleased Premises be restored to its condition as of the date of this Consent (collectively, such work being referred to herein as the "Restoration"). The parties agree that Sublessee shall deposit Three Thousand Dollars ($3,000.00) with Landlord concurrently with Sublessee's execution of this Consent. If Sublessor requires Restoration at the end of the term of the Sublease, Sublessor shall notify Landlord and Sublessee of such election within thirty (30) days after the end of the term of the Sublease and Landlord shall contribute such funds to the cost of the Restoration. If Sublessor does not notify Landlord and Sublessee within thirty (30) days after the end of the term of the Sublease that it requires Restoration, then Landlord shall return such funds to Sublessee. The execution of a copy of this Consent by Sublessor and by Sublessee shall indicate your joint and several confirmation of the foregoing conditions and of your agreement to be bound thereby and shall constitute Sublessee's acknowledgment that it has received a copy of the Lease.
Demising. (a) Where applicable, Landlord will provide demising wall between the Premises and all other space on the floor constructed of 3 5/8”, 20 GA metal studs at 16” o.c. with 5/8” gypsum board both sides and sound batt insulation to a height of 10’-0” A.F.F. and wall to the underside of structure.
Demising. If this Lease ends as to a portion of a space but not the entirety of such space (for example, if two spaces are leased at different times with differing expiration dates and such spaces are no longer separately demised), then Tenant, at its cost, shall demise such portion of the space (including separating all utilities) in accordance with a reasonable demising plan provided by Landlord.
Demising. The Port will construct shell walls for the Premises. These walls will consist of bare metal studs as required by applicable Legal Requirements. The interior surfaces of the wall will be unfinished. The floor and ceiling of the Premises shall be as-is with no improvements whatsoever except as necessary to accommodate any of the other improvements required by this Section 7.1.
Demising. It is ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ ▇ ▇▇▇rt form lease which is for [ILLEGIBLE] and upon the terms, covenants, conditions, rights and liabilities contained in that certain Lease Agreement dated August 14, 1996, as amended by that certain Lease Extension Agreement dated March 7, 2002, Lease Modification Agreement dated December 8, 2003, and Amendment to Lease dated August 23, 2004 (collectively, as amended, the "LEASE"). This Short Form of Lease shall run with the land and continue for the term of the Lease and any extensions of the Lease, and shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties of the Lease, which Lease is and shall be made a part of this instrument as fully and completely as if the same were set forth in this Short Form of Lease.
Demising. Promptly following ▇▇▇▇▇▇’s surrender of the applicable Recapture Portion in accordance with this Section 4(f)(iii), Landlord shall (to the extent necessary, and to the extent permitted by applicable law), in accordance with local building code, separate and lawfully demise the applicable Recapture Portion (and, to the extent necessary, modify or separate any and all utility meters and other building systems to accommodate readings of utilities usage attributable solely to the Remaining Premises) from the remaining portion of the Existing Premises, which such work shall be performed at Landlord’s sole cost and expense; provided, however, that that Section 5.6.5(G) shall continue to apply to any Subleased Premises not recaptured by Landlord. To the extent Tenant, in ▇▇▇▇▇▇’s sole discretion, grants entry to Landlord for the purposes of demising the applicable Recapture Portions prior to the Recapture Date, Tenant grants Landlord (and its contractors) a license to access the applicable Recapture Portion as of such date to perform such work, subject to a separate access agreement to be mutually agreed upon by Tenant and Landlord.
Demising. The parties acknowledge that the Premises shall be a portion of the Building, and that heretofore the Building has not been partitioned into separate tenant spaces. Landlord acknowledges and agrees that Tenant shall only be required to install drywall on its side of the demising wall, and only be required to separate electrical and mechanical services to the extent required for the Premises, all at Tenant’s sole cost and expense (subject to reimbursement through the Allowance).
Demising. These partitions shall extend from the floor slab to -------- the underside of the deck, shall be of exposed studs, and the cost of providing and installing such assemblies shall be reimbursed at a rate of one-half (l/2) Landlord's cost.
Demising. Landlord hereby demises and leases to Tenant, and Tenant hereby hires from Landlord, for the Term, the Premises, as is.
Demising. These partitions shall extend from the floor slab to the underside of the deck, shall be of exposed metal studs.