Common use of Improvements by Tenant Clause in Contracts

Improvements by Tenant. Tenant shall not make any substantial alterations, renovations or improvements or cause to be installed any fixtures costing in excess of $10,000 in, on, or to the Premises or any part thereof (including, without limitation, any structural alterations, or any cutting or drilling into any part of the Premises or any securing of any fixture, apparatus or equipment of any kind to any part of the Premises) unless and until Tenant shall have caused plans and specifications therefor to have been prepared, at Tenant's expense, by an architect or other duly qualified person and shall have obtained Landlord's written approval thereof. Tenant shall be responsible for the cost of any tenant improvements. Upon any expiration or termination of this Lease, Tenant shall remain responsible for all costs of any tenant improvements and the completion thereof, as set forth in the plans and specifications therefor and the portion of the costs of any tenant improvements that are unpaid and outstanding shall be immediately due and payable by any Tenant. All structures, buildings, improvements and fixtures constructed or installed in, at or upon the Premises, and any repairs thereto and substitutions and replacements therefore, made at the Tenant's cost and expense shall at the expiration of the Term be and remain the property of Landlord.

Appears in 2 contracts

Sources: Lease Agreement (Mestek Inc), Lease Agreement (Mestek Inc)

Improvements by Tenant. Tenant shall not make any substantial alterations, renovations or improvements or cause to be installed any fixtures costing in excess of $10,000 in, on, or to the Premises or any part thereof (including, without limitation, any structural alterations, or any cutting or drilling into any part of the Premises or any securing of any fixture, apparatus or equipment of any kind to any part of the Premises) unless and until Tenant shall have caused plans and specifications therefor to have been prepared, at Tenant's expense, by an architect or other duly qualified person and shall have obtained Landlord's written approval thereof. Tenant shall be responsible for the cost of any tenant improvements. Upon any expiration or termination of this Lease, Tenant shall remain responsible for all costs of any tenant improvements and the completion thereof, as set forth in the plans and specifications therefor and the portion of the costs of any tenant improvements that are unpaid and outstanding shall be immediately due and payable by any Tenant. All structures, buildings, improvements and fixtures constructed or installed in, at or upon the Premises, and any repairs thereto and substitutions and replacements therefore, made at the Tenant's cost and expense shall at the expiration of the Term be and remain the property of Landlord.

Appears in 1 contract

Sources: Lease Agreement (Mestek Inc)