Qualified Improvements and Repairs Clause Samples

Qualified Improvements and Repairs. Improvements and repairs qualified for consideration in the appendix calculation are ones that increase the usefulness of the dwelling, or increase the useful lifetime of the dwelling, and may include: The dwelling itself, fixtures and permanently installed equipment in, upon, under or over the dwelling, including but without limiting the generality of the foregoing, all furnaces, piping, wiring, connections, conduits, ducts, equipment, partitions, screens, awnings, windows, doors and blinds, together with any and all repairs, renewals and replacements thereof or additions thereto or substitutes therefor; provided, however, that if the particular item of any of the foregoing is of a luxury quality, IAP may allow only for the usual costs of the non-luxury version of the item. The improvements or repairs not qualified for consideration in determining the Appendix A calculations shall be housecleaning, yardwork, purely routine maintenance, cosmetic work and all improvements and repairs for which reimbursement was, could be, or could have been obtained from insurance or other third party.
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Qualified Improvements and Repairs. In general, improvements and repairs qualified for consideration in the POP calculation are ones that increase the usefulness of the Land or Improvements, or increase the useful lifetime of the Improvements, and may include buildings, structures and improvements, foundations, footings, driveways, roads, utilities, pavings, landscaping, fixtures, and permanently installed equipment in, upon, under or over the land, including but without limiting the generality of the foregoing, all furnaces, piping, wiring, connections, conduits, ducts, equipment, partitions, windows, and doors together with any and all repairs, renewals and replacements thereof or additions thereto or substitutes therefor; provided, however, that if the particular item of any of the foregoing is of a luxury quality, Lessor may allow only for the usual cost of the non-luxury version of the item; and further provided that if the item is a luxury item which is neither a necessity for the Lessee nor an item common to other households in the immediate area and for which no non-luxury version exists, Lessor may determine that no part of the cost of the item will be allowed. The improvements or repairs not qualified for consideration in determining the POP shall include housecleaning, yardwork, purely routine maintenance, and all improvements and repairs for which reimbursement was, could be, or could have been obtained from insurance or other third party.
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Qualified Improvements and Repairs. In general, improvements and repairs qualified for consideration in calculating Added Value are ones in the nature of capital expenditures that improve the usefulness of the Land or Improvements. or increase the useful lifetime of the Improvements, and may include: Buildings, structures and improvements, foundations, footings, driveways, roads, utilities, pavings, landscaping, fixtures, and permanently installed equipment in, upon, under or over the Land, including but without limiting the generality of the foregoing, all furnaces, piping, wiring, connections, conduits, ducts, equipment, partitions, screens, awnings, windows, doors (and, if applicable, to the party who made such improvement, interior items such as built-in cabinets, built-in appliances and the like) and blinds, together with any and all repairs, renewals and replacements thereof or additions thereto or substitutes therefor; provided, however, that if the particular item of any of the foregoing is of luxury quality, Lessor may nonetheless allow only for the usual cost of the non-luxury version of the item. The improvements or repairs not qualified for consideration in determining the Improvements factor shall be housecleaning, yard work, routine maintenance, painting, re-pointing of masonry, cosmetic work, and all improvements and repairs for which reimbursement was, could be, or could have been obtained from insurance.
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Related to Qualified Improvements and Repairs

  • Alterations and Repairs Lessee shall not make or permit to be made any other alterations, additions, improvements, or changes (collectively, “Alterations”), in the premises, without Lessor’s prior written approval, which approval Lessor may withhold in Lessor’s sole discretion. Subject to the services to be rendered by Lessor as set forth in the Schedule, Lessee shall, at Lessee’s expense, keep the premises generally consistent with the standard maintained by other tenants of premises in the Building during the tenancy. If Lessee does not make repairs promptly and adequately, Lessor may, but need not, make repairs, and Lessee shall pay promptly the reasonable cost thereof. At any time or times, Lessor, either voluntarily or pursuant to governmental requirement, may, at Lessor’s expense, make repairs, alterations, or improvements in or to the Building or any part thereof, including the premises, and, during such operations Lessor may close entrances, doors, corridors, elevators, or other facilities, all without any liability to Lessee or deduction of rent by reason of interference, inconvenience, or annoyance; provided that Lessee shall have access to the premises sufficient for conduct of Lessee’s business. Lessor shall not be liable to Lessee for any expense, injury, loss, or damage resulting from work done in or upon, or the use of, any adjacent or nearby building, land, street, or alley, provided that Lessor makes a reasonable effort to minimize the disruption to Lessee’s business. In the event Lessee requests that repairs, alterations, decorating, or other work in the premises be made during periods other than ordinary business hours, Lessee shall pay Lessor for overtime and other additional expenses incurred because of such request.

  • REPAIRS AND IMPROVEMENTS 14.1 Prior to registration of transfer, the Purchaser shall not be entitled to effect any alterations to the Property without the prior written consent of the Seller. 14.2 The Seller shall not be obliged to compensate the Purchaser for any authorised alteration effected in the event of the sale being cancelled. 14.3 The Purchaser shall be liable for any damages suffered by the Seller as a result of any alterations effected by the Purchaser, not authorised by the Seller.

  • ALTERATIONS AND IMPROVEMENTS Tenant shall make no alterations to the buildings or improvements on the Premises or construct any building or make any other improvements on the Premises without the prior written consent of Landlord. Any and all alterations, changes, and/or improvements built, constructed or placed on the Premises by Tenant shall, unless otherwise provided by written agreement between Landlord and Tenant, be and become the property of Landlord and remain on the Premises at the expiration or earlier termination of this Agreement.

  • Improvements and Alterations (a) The Lessee, at the Lessee’s own cost and expense, (i) shall make alterations, renovations, repairs, improvements and additions to the Leased Property or any part thereof and substitutions and replacements therefor (collectively, “Alterations”) which are (A) necessary to repair or maintain the Improvements or the Site in the condition required by Section 9.1 or (B) necessary or advisable to restore the Improvements and the Site to its condition existing prior to a Casualty or Condemnation to the extent required pursuant to Article XIII, and (ii) so long as no Material Default or Event of Default has occurred and is continuing, may undertake Alterations on the Leased Property so long as such Alterations comply in all material respects with Applicable Laws and are consistent and comply with Section 9.1 and subsection (b) of this Section 9.2. (b) The making of any Alterations pursuant to subsection (a)(i) above of this Section 9.2 must be in compliance with the following requirements: The Lessee shall not make any Alterations in violation of the terms of any restriction, easement, condition, covenant or other similar matter affecting title to or binding on the Improvements or the Site. (i) No Alterations shall be undertaken until the Lessee shall have procured and paid for, so far as the same may be required from time to time, all permits and authorizations relating to such Alterations of all municipal and other Authorities having jurisdiction over the Improvements or the Site. Lessor, at the Lessee’s expense, shall join in the application for any such permit or authorization and execute and deliver any document in connection therewith, whenever such joinder is necessary or advisable; provided that, however, such joinder shall not constitute or be deemed to constitute, any assumption or responsibility or liability whatsoever. (ii) The Alterations shall be completed in a good and workmanlike manner and in compliance in all material respects with all Applicable Laws then in effect and with the Insurance Requirements. (iii) All Alterations shall, when completed, be of such a character as to not materially diminish (A) the utility of the Improvements as a corporate office complex including a corporate office building and any uses ancillary thereto, (B) the then current Fair Market Value as determined by reference to the Appraisal, or (C) the Fair Market Value as determined by reference to the Appraisal as of the scheduled expiration date of the Lease Term. (iv) The Lessee shall have made adequate arrangements for payment of the cost of all Alterations when due so that the Improvements and the Site shall at all times be free of Liens for labor and materials supplied or claimed to have been supplied to the Improvements or the Site, other than Permitted Liens; provided, that the Lessee shall have the right to engage in Permitted Contests in accordance with Section 9.5. (v) The Alterations must be located solely on the Site.

  • Alterations, Additions, and Improvements Tenant shall not make any alterations, additions or improvements which affect the structure of the Building or which decrease the square footage of the Building or which reduce the value of the Premises, in each case without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the above, and provided Tenant complies with all Legal Requirements in connection therewith, Tenant shall have the right at all times to make all other alterations, additions or improvements to the Building without Landlord’s prior written approval. Tenant shall not be required to restore any alterations or additions permitted under this paragraph to the Premises or remove improvements at the end of the Term. All alterations, additions and improvements permitted under this paragraph or consented to in writing by Landlord are referred to as “Permitted Alterations”. All alterations, additions or improvements made by Tenant which are permanently attached to and made part of the Premises shall become the property of Landlord at the expiration of the Term, except for signs, trade fixtures, furnishings, machinery and equipment used in or on the Premises and furnished by Tenant which Tenant may remove, provided Tenant repairs any damage to the Premises caused thereby (reasonable and ordinary wear and tear excepted). For federal income tax purposes, Tenant’s signs, trade fixtures and furnishings are defined herein as equipment. Tenant shall pay, when due, all claims for labor or materials furnished or alleged to have been furnished to or for Tenant for use in the Premises, which claims are or may be secured by any mechanics’ or materialmen’s lien against the Premises or any interest therein.