Premises Improvements Sample Clauses
The Premises Improvements clause defines the rights and responsibilities of the parties regarding any alterations, additions, or upgrades made to the leased property. Typically, it outlines who may initiate improvements, the approval process required (such as landlord consent), and who bears the costs. For example, a tenant may need written permission before installing new fixtures or making structural changes. This clause ensures that both parties are clear on how improvements are managed, preventing disputes over unauthorized changes and clarifying ownership of improvements at the end of the lease.
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Premises Improvements. (a) Prior to the Commencement Date, the Leased Premises shall be improved by Landlord (the “Premises Improvements”), which Premises Improvements shall be in accordance with mutually agreed upon plans and specifications for such improvements (the “Premises Plans”). The Premises Improvements shall be performed and installed by design professionals and contractors selected by Landlord in the exercise of Landlord’s subjective discretion. Landlord shall contract directly with the contractors constructing the Premises Improvements. Landlord shall contract directly with JPC Architects for architectural services related to the Premises Improvements. Landlord shall pay certain amounts toward the cost of the Premises Improvements (“Landlord’s Improvement Allowance”). Landlord’s Improvement Allowance is limited to Forty-eight and 00/100 Dollars ($48.00) per rentable square foot, or a total amount not to exceed Nine Hundred Twenty-seven Thousand Three Hundred Twelve and 00/100 Dollars ($927,312.00). Landlord’s Improvement Allowance shall be used exclusively for the Premises Improvements (including all sales and other applicable taxes but not including furniture, trade fixtures, equipment, inventory, or personal property, which shall be Tenant’s sole cost and responsibility); provided, however, Tenant has the right to use up to Two and 00/100 Dollars ($2.00) per rentable square foot (Thirty-eight Thousand Six Hundred Thirty-eight and 00/100 Dollars ($38,638.00)) of Landlord’s Improvement Allowance to offset data, telephone, and similar communication cabling costs. In addition to Landlord’s Improvement Allowance, Landlord agrees to contribute the amount of $0.15 per rentable square foot of the Leased Premises for an initial space plan and revisions prepared by JPC Architects, or a total of Two Thousand Eight Hundred Ninety-seven and 85/100 Dollars ($2,897.
Premises Improvements. Landlord shall make available to Tenant a tenant improvement allowance in the amount of $5.00 per rentable square foot of the Premises (the “Fifth Amendment Improvement Allowance”) for the design and construction of fixed and permanent improvements desired by and performed by Tenant and reasonably acceptable to Landlord in the Premises (the “Premises Improvements”), which Premises Improvements shall be constructed pursuant to a scope of work reasonably acceptable to Landlord and Tenant. The Fifth Amendment Improvement Allowance shall be available only for the design and construction of the Premises Improvements. The Fifth Amendment Improvement Allowance may not be used to purchase any furniture, personal property, data/cabling or other non-Building System materials or equipment. Tenant acknowledges that upon the expiration or earlier termination of the Term of the Lease, the Premises Improvements shall become the property of Landlord and may not be removed by Tenant. Tenant shall pay to Landlord administrative rent in the amount of 1% of the total costs of the Premises Improvements, which amount shall be payable out of the Fifth Amendment Improvement Allowance. Except for the Fifth Amendment Improvement Allowance, Tenant shall be solely responsible for all of the costs of the Premises Improvements. The Premises Improvements shall be treated as Alterations and shall be undertaken pursuant to Section 12 of the Lease. The contractor for the Premises Improvements shall be selected and engaged by T▇▇▇▇▇, subject to Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. Prior to the commencement of the Premises Improvements, Tenant shall deliver to Landlord a copy of any contract with Tenant’s contractors, and certificates of insurance from any contractor performing any part of the Premises Improvements evidencing industry standard commercial general liability, automotive liability, “builder’s risk”, and workers’ compensation insurance. Tenant shall cause the general contractor to provide a certificate of insurance naming Landlord, Alexandria Real Estate Equities, Inc., and Landlord’s lender (if any) as additional insureds for the general contractor’s liability coverages required above. During the course of design and construction of the Premises Improvements, Landlord shall reimburse Tenant for the cost of the Premises Improvements once a month against a draw request in Landlord’s standard form, containing evidence of pa...
Premises Improvements. All improvements and equipment that are structural in nature or are affixed to the Premises and cannot be removed without material damage to the Premises including, but not limited to, mechanical, electrical and plumbing work, floors, ceilings, demising walls, store fronts, lighting fixtures, and built-in shelving.
Premises Improvements. All improvements to the Premises (collectively, “Premises Improvements”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at Tenant’s expense: (1) Cable (defined in Section 9.A) installed by or for the exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) any Premises Improvements that are performed by or for the benefit of Tenant that Tenant is required to remove pursuant to notice given by Landlord to Tenant at least 10 days prior to expiration of the Term (collectively referred to as “Required Removables”). Without limitation, it is agreed that Required Removables include internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural alterations and modifications of any type. The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant’s expense, may remove and dispose of the Required Removables and perform the required repairs. Tenant, within 10 days after receipt of an invoice, shall reimburse Landlord for the reasonable costs incurred by Landlord.
Premises Improvements. Prior to the Commencement Date, the Leased Premises are to be improved by Landlord (the "Premises Improvements") in accordance with the Improvement Agreement attached hereto as EXHIBIT D (the "Improvement Agreement"). Prior to delivering possession of the Leased Premises to Tenant, the Project Architect shall certify that the Premises Improvements are substantially complete as defined and provided for in the Improvement Agreement. Pursuant to the Improvement Agreement and notwithstanding anything herein to the contrary, Landlord reserves the right to modify the final design of the Building as may be necessary to comply with any governmental rule, regulation or order or, subject to the provisions of Section 2.1 above and Section 2.3 above, otherwise as may be considered necessary or appropriate by Landlord, provided the modifications do not materially and adversely change the size or configuration of the Building or have a material adverse impact on Tenant's proposed use of the Leased Premises. Also pursuant to the Improvement Agreement and notwithstanding anything herein to the contrary, Landlord reserves the right to modify the final design of the Leased Premises as may be necessary to comply with any governmental rule, regulation or order or otherwise as may be considered necessary or appropriate by Landlord, provided the modifications do not materially and adversely change the location of the Leased Premises from that shown on EXHIBIT C, or materially and adversely change the size or configuration of the Leased Premises or have a material and adverse impact on Tenant's proposed use of the Leased Premises. The existence of repairs or defects of a nature commonly found on a
Premises Improvements. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord upon the terms and conditions herein set forth that certain property (the “Premises”) as shown on Exhibit A-3 attached hereto and incorporated herein by this reference. The Premises includes an approximately 7,339 rentable square foot building located at ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, and the exclusive use of the parking areas surrounding said building and shown on Exhibit A-2 attached hereto. The Premises is known as Building #3 (the “Building”) of the Sunrise Ridge Center (the “Property”). The Property consists of seven (7) buildings situated upon the real property legally described on Exhibit A-1 and shown on Exhibit A-2 attached hereto.
Premises Improvements. Lease section 9(D) is added in its entirety as follows:
(D)1. The Lessee continues to accept the Demised Premises in its as-is condition and the Lessee accepts the Expansion Area in its as-is condition; however the Lessor shall perform, at its sole cost and expense (unless otherwise specified herein), and subject to the condition herein, that certain work to Expansion Area as specified on Exhibit ”I”, attached hereto (the “Expansion Area Improvements”). All Expansion Area Improvements, whether made at Lessor’s or Lessee’s expense, or otherwise, shall become and remain the property of Lessor and shall be considered a part of the Demised Premises and the Improvements under the Lease.
Premises Improvements. The parties agree that Landlord shall replace the flooring, countertops, and backsplashes in the lunchroom of the Premises, all at Landlord’s sole cost and expense; the details of the performance of this replacement work shall be at Landlord’s sole discretion.
Premises Improvements. The County hereby licenses to the School Board the non- exclusive right to use for access and parking purposes the entrance and gravel access road to the Park (“Premises”).The School Board, at the School Board’s sole expense, shall construct and maintain within the Premises a 15’ x 40’ asphalt pad, sidewalk, and signage for 15 additional parking spaces to accommodate the need for more school parking pursuant to the Site Plan and LPS 1801 – Exhibit 1, which are attached hereto and expressly incorporated herein (“Improvements”).
Premises Improvements. Any improvements that alter the square footage, exterior appearance, structural elements of the Premises, disrupt public utilities servicing the Premises, or any such construction, installation, replacement, alteration or modification that would require the issuance of a building permit by the City, shall require the approval of the Director. Any internal improvements that are deemed cosmetic including but not limited to paint, furniture, trade fixtures and equipment which are and remain movable and unattached to the Premises shall not require the approval of the Director. Any improvement, alteration or construction of improvements on the Premises, other than with respect to any furniture, trade fixtures and equipment which are and remain movable and unattached to the Premises, shall be performed to the satisfaction of Director. Prior to the commencement of any improvement, alteration or construction upon the Premises, Tenant at its sole cost and expense shall obtain all necessary permits and approvals from all appropriate Departments of City and/or from any other governmental entity, as required by law. Tenant shall be responsible for the payment of all engineering, inspection and review fees required by City or any other governmental entity.