STATUS OF IMPROVEMENTS Sample Clauses

The "Status of Improvements" clause defines the condition and existence of any buildings, structures, or other improvements on a property at the time of agreement. It typically requires the seller to disclose whether all improvements are complete, in good repair, and compliant with applicable laws or regulations. This clause helps ensure that the buyer is fully informed about the state of the property’s physical features, reducing the risk of disputes over undisclosed defects or incomplete work.
STATUS OF IMPROVEMENTS. The improvements on the Property are (check one): Completed at the time of Contract. To be completed in accordance with the plans, specifications and allowances, which, if not attached, shall be delivered to the Buyer, in care of Buyer’s Broker, if applicable, within five (5) days of the Time Reference Date. Buyer shall have five (5) days from receipt to review the plans, specifications, allowances and square footage computations. If Buyer, or Buyer’s Broker, if applicable, does not provide written notice of cancellation to Seller, in care of Seller’s Broker, if applicable, within twenty-four (24) hours after expiration of this review period, Buyer shall be deemed to have accepted the plans, specifications, allowances and square footage computations.
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STATUS OF IMPROVEMENTS. The Improvements shall not have been materially injured or damaged by fire or other casualty unless the Lender shall have received insurance proceeds sufficient in the judgment of Lender to affect the satisfactory restoration of the Improvements and to permit the completion thereof prior to the Completion Date.
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STATUS OF IMPROVEMENTS. Upon expiration or other termination of this Lease, Landlord may require Tenant, at its expense, to promptly and diligently remove, demolish and/or clear off from the Premises all or any designated portion of the improvements and other property of whatsoever nature placed or owned by Tenant or its successor-in-interest thereon, whether or not affixed to the Premises or to any improvements thereon, and after such removal or clearance, Tenant shall restore the surface of the ground to a grade properly filled, level and in uniform condition, free from all excavations and debris. Rent, as provided in Paragraph 4 above, shall continue until the removal and restoration is completed.
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STATUS OF IMPROVEMENTS. Lessee shall make no substantial improvements upon the Property without the prior consent of the Lessor. Lessee shall provide the Lessor with plans and specifications when seeking the Lessor's consent for intended improvements. Consent to improvements by Lessor does not relieve Lessee of obtaining any and all permits and licenses to construct on the site or to operate the coffee house enterprise. Upon termination of this Lease, Lessee shall, upon notice from the Lessor, be required and obligated to remove from the Property at any time within thirty (30) days after the termination of this Lease, or any renewal or extension thereof, however affected, all buildings, or other improvements and any and all appurtenances thereto brought or placed upon said Property by ▇▇▇▇▇▇. In the event such removals are not completed within said thirty (30) days, the Lessor shall have the right to collect damages from Lessee; provided however, that the Lessor may in lieu of removal require Lessee to convey title to such improvements to the Lessor, free and clear of all liens and encumbrances. Any such election shall be made in writing and communicated to ▇▇▇▇▇▇. No such option with respect to election of either to remove or not to remove shall rest with the Lessee and Lessee shall have the obligation and responsibility to perform that which the Lessor shall direct.
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STATUS OF IMPROVEMENTS. Throughout the construction of the Improvements, Tenant shall, from time to time at reasonable intervals and as circumstances warrant (but not less frequently than once per month), keep Landlord fully and currently advised of the status of all aspects of the Tenant's progress in meeting the terms and provisions of this Lease and its then current schedule for development of the Improvements, including, without limiting the generality of the foregoing, the status of development of Final Plans, arrangements for construction, obtaining of all Required Permits, the progress of the construction and material disputes or claims. Upon request, the Tenant will make presentations to Landlord’s staff or other interested parties as to the Improvements or particular aspects thereof. Tenant shall provide Landlord with updated as-built drawings of the Improvements (in both paper and electronic form). Landlord, its officers, employees, contractors, consultants and agents shall have the right to enter upon the Premises and to review all aspects of any work being performed in connection with the Improvements by the Tenant or its employees, agents and contractors to the extent reasonably required by Landlord to ensure that such work is being performed in a manner consistent with the rights and obligations of the Tenant hereunder.
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Related to STATUS OF IMPROVEMENTS

  • Removal of Improvements All alterations, additions and other improvements by Tenant shall become the property of Landlord and shall not be removed from the Premises, unless request is made by Landlord to Tenant to remove those alterations, additions and other improvements which were made without Landlord's approval where such approval was required under this Lease. All moveable trade fixtures, furniture, furnishings and signs installed in the Premises by Tenant and paid for by Tenant, shall remain the property of Tenant and may be removed upon the expiration of the term of this Lease; provided that any of such items as are affixed to the Premises and require severance may be removed only if Tenant repairs any damage caused by such removal and that Tenant shall otherwise comply with all of the terms, conditions and covenants to be performed by Tenant under this Lease with respect to such removal. If Tenant fails to remove such items from the Premises by the expiration of the Lease Term or earlier termination of this Lease, all such trade fixtures, furniture, furnishings and signs shall become the property of Landlord, unless Landlord elects to require their removal, in which case Tenant shall, at its sole cost and expense, promptly remove the same and restore the Premises to its condition on the date of this Lease. The covenants contained in this Section shall survive the expiration of the Lease Term or earlier termination hereof.

  • Condition of Improvements The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by Seller. ▇▇▇▇▇▇ agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the property immediately to protect Purchasers’ interest.

  • Lessee Improvements Lessee shall not make or allow to be made any alterations or physical additions in or to the leased premises without first obtaining the written consent of Lessor, which consent shall not be unreasonably withheld. Any alterations, physical additions or improvements to the leased premises made by Lessee shall at once become the property of Lessor and shall be surrendered to Lessor upon the termination of this Lease provided that Lessee shall be entitled to retain the property listed on Exhibit A attached hereto, and provided further that, Lessor, at its option, may require Lessee to remove any physical additions and/or repair any alterations in order to restore the leased premises to the condition existing at the time Lessee took possession, reasonable wear and tear excepted, all costs of removal and/or alterations to be borne by Lessee. This clause shall not apply to moveable equipment of furniture owned by Lessee, which may be removed by Lessee at the end of the term of this Lease if Lessee is not then in default and if such equipment and furniture are not then subject to any other rights, liens and interests of Lessor.

  • Construction of Improvements Lessee shall construct its planned facilities and install therein all necessary fixtures, equipment, and accessories, all of which shall be in accordance with the terms and conditions of this Lease and any applicable city code or FAA requirements. Lessee shall complete construction of the new improvements within one (1) year after the Effective Date of this Lease. Existing improvements shall be deemed to have been appropriately constructed so long as they are well-maintained and meet all applicable city code and FAA requirements. It is expressly understood that upon the expiration of the Lease, all hangar improvements shall become property of Lessor. 8.1 Lessee agrees to reimburse Lessor for the apportioned costs of roadway improvements including, but not limited to: excavation, paving, drainage, and fencing required for all extensions of the access road to the Leased Premises. Lessee shall be responsible for the cost of all extensions, as applicable, of all water, sewer, and other utilities to the Leased Premises, as well as any fees for obtaining service. Lessee shall be responsible for payment at the time improvements are completed. Lessee shall remit payment to Lessor within thirty (30) days from the date of invoice. 8.2 Lessee agrees to construct, at Lessee’s expense, aircraft access improvements, including without limitation driveways, taxi lanes, aprons, and ramps to its planned facility. Construction and location of the access improvements shall comply with specifications set forth by Lessor at the time of plan’s approval. Lessee understands that those portions of the constructed Airport access improvements situated outside the boundaries of the Leased Premises shall become, immediately upon their completion to Lessor’s satisfaction, the property of Lessor. All construction and any connections to the runway of any apron or taxi lane shall in addition be governed by any rules or regulations regarding Airport operations and must be approved of and overseen by Airport management. Constructed facilities shall not be occupied until access is completed and accepted by Lessor. 8.3 Upon completion of improvements, Lessee shall provide an 8 ½” x 11” site plan detailing a scaled drawing of the Leased Premises, hangar foot print, office area, parking, landscaping, and any other improvements. 8.4 The provisions provided above do not relieve Lessee from compliance with all applicable building code requirements and acquiring all necessary licenses and permits from any governmental authority. 8.5 If the aircraft hangar or other improvements on the Leased Premises are damaged or destroyed, Lessee shall do whatever is necessary to repair, rebuild, or restore the structure and other improvements to substantially the same condition existing prior to the damage or destruction within 180 days of the date of destruction. Upon written request from Lessee, Lessor may extend the 180-day timeline to the extent reasonably necessary due to conditions beyond the control of Lessee.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.