Common use of Ownership of Tenant Improvements Clause in Contracts

Ownership of Tenant Improvements. ‌ At the expiration or termination of the Lease, all fixtures and physical repairs or improvements to the building and grounds shall become City’s property free of all claims to or against them by Tenant or any third person. At the normal expiration or termination of the Lease term, provided Tenant is not in default, Tenant shall have the right to remove any and all furniture and equipment. All personal property such as stoves, refrigerators and other appliances, chairs, tables and equipment provided by Tenant shall remain the property of Tenant.

Ownership of Tenant Improvements. ‌ At the expiration or termination of the Lease, all fixtures and physical repairs or improvements to the building and grounds shall become CityLandlord’s property free of all claims to or against them by Tenant or any third person. At the normal expiration or termination of the Lease term, provided Tenant is not in default, Tenant shall have the right to remove any and all furniture and equipment. All personal property such as stoves, refrigerators and other appliances, chairs, tables and equipment provided by Tenant shall remain the property of Tenant.