Tenant Relocation Sample Clauses
The Tenant Relocation clause allows a landlord to move a tenant from their current leased premises to another comparable space within the same property or complex. Typically, this clause outlines the conditions under which relocation can occur, such as providing advance notice, ensuring the new space is of similar size and quality, and covering reasonable moving expenses for the tenant. Its core function is to give landlords flexibility to manage their property—such as for renovations or reconfigurations—while protecting tenants from undue disruption or loss of value in their lease.
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Tenant Relocation. The Owner must ensure that the completion of the Scope of Work does not result in the involuntary, permanent displacement of any resident. In addition to compliance with the URA as described in Section 6(a) below, the Owner is responsible for ensuring that all relocation requirements, as set forth in Section 8 of the GRRP Notice, are met and shall provide HUD with a certification regarding the residency and relocation history of residents upon completion of the Scope of Work.
Tenant Relocation. Landlord shall have the right, at any time upon sixty (60) days written notice to Tenant, to relocate Tenant into other space within the Building comparable to the Premises. Upon such relocation, such new space shall be deemed the Premises and the prior space originally demised shall in all respects be released from the effect of this Lease. If the Landlord elects to relocate Tenant as above described.
13.3.1 the new space shall contain approximately the same as, or greater usable area than the original space,
13.3.2 the Landlord shall improve the new space, at Landlord's sole cost, to at least the standards of the original space,
13.3.3 the Landlord shall pay the reasonable costs of moving Tenant's trade fixtures and furnishings from the original space to the new space,
13.3.4 as total compensation for all other costs, expenses, and damages which Tenant may suffer in connection with the relocation, including but not limited to, lost profit or business interruption, no Minimum Rent or Operating Costs shall be due or payable for the first full calendar month of Tenant's occupancy of the new space, and Landlord shall not be liable for any further indirect or special expenses of Tenant resulting from the relocation,
Tenant Relocation. Seller shall make commercially reasonable best efforts to expeditiously consolidate the existing Tenants of the portion of the Property known as ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ into the portion of the Property known as ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇. (collectively the “Relocating Tenants”), in order to make the portion of the Property known as ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ available for occupancy by Buyer by January 18, 2012. Buyer and Seller in good faith shall collaborate and shall come up with a mutually agreeable plan within (3) days after execution (“Approved Tenant Relocations”) of this Agreement, to designate which tenant is offered relocation, reduction, termination or off premises relocation. Buyer shall have sole and absolute discretion to reject any relocation plan offered by Seller and Buyer may terminate this agreement and receive the Deposit back if Buyer does not approve the Approved Tenant Relocations plan. Should Seller be unable to effectuate the relocation pursuant to the Approved Tenant Relocations by January 17, 2012, or as it may be extended consistent with Section 4.2, January 20, 2012, Buyer may thereafter elect in its sole discretion to (i) terminate this agreement and receive the Deposit back or (ii) complete the Closing and receive a credit of $30 per rentable square foot for any square footage of Relocating Tenants remaining in the ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ building against the Purchase Price (the "Buyer Relocation Credit"). Any actual documented expenditures made by Seller pursuant to Approved Tenant Relocations for any such remaining Relocating Tenants shall be deducted from the Buyer Relocation Credit. Any compensation, reimbursement of costs, tenant improvement allowances, rent credits, rent reductions or other consideration payable to the Relocating Tenants or in connection with the relocation of the Relocating Tenants or any other costs and expenses associated with the relocation of the Relocating Tenants (collectively the “Relocation Consideration”) shall be the sole responsibility of Seller and shall credited to the Purchase Price at the Close of Escrow. If Buyer elects to complete the Closing, receive the Buyer Relocation Credit, and complete the Approved Tenant Relocations, then Buyer shall not be entitled to an Extension Credit under Section 4.2.
Tenant Relocation. Applicants proposing rehabilitation or demolition of occupied housing shall comply with Section 10322(h)(28) of the CTCAC regulations provide a detailed description of the relocation plan with the costs included in the Project’s budget. Where existing low income tenants will receive a rent increase exceeding five percent (5%) of their current rent, Applicants shall provide a relocation plan addressing economic displacement. Where applicable, the Applicant shall provide evidence that the relocation plan is consistent with the Uniform Relocation Assistance and Real Property Acquisition Policy Act (42 U.S.C. chapter 61) and has been submitted to the appropriate local agency. Note: Authority cited: Section 8869.94, Government Code. Reference: Sections 8869.84(c), 8869.85(a), and 8869.85(b), Government Code.
Tenant Relocation. Landlord shall have the right, at any time upon sixty (60) days written notice to Tenant, to relocate Tenant into other space within the Building comparable to the Premises. Upon such relocation, such new space shall be deemed the Premises and the prior space originally demised shall in all respects be released from the effect of this Lease. If Landlord elects to relocate Tenant as above described, (i) the new space shall contain approximately the same as, or greater usable area than the original space, (ii) Landlord shall improve the new space, at Landlord's sole cost, to at least the standards of the original space, (iii) Landlord shall pay the reasonable costs of moving Tenant's trade fixtures and furnishings from the original space to the new space, (iv) as total compensation for all other costs, expenses, and damages which Tenant may suffer in connection with the relocation, including but not limited to, lost profit or business interruption, no Minimum Rent or Operating Costs shall be due or payable for the first full calendar month of Tenant's occupancy of the new space, and Landlord shall not be liable for any further indirect or special expenses of Tenant resulting from the relocation, (v) Minimum Rent, ▇▇▇▇▇▇'s proportionate share of Operating Costs, and all other charges hereunder shall be the same for the new space as for the original space, notwithstanding that the new space may be larger than the original space, and (vi) all other terms of this Lease shall apply to the new space as the Premises, except as otherwise provided in this paragraph.
Tenant Relocation. 40.1 Notwithstanding any other provisions of this Lease to the contrary, the Landlord reserves the right, from time to time, but not more than once during the initial Term and not more than once during the Extended Period, upon ninety (90) days advance written notice to the Tenant, to relocate Tenant to substituted space of approximately equal square footage and of comparable quality and location in the Building. Such substituted space shall then constitute the Premises under this Lease and this Lease shall remain in full force and effect without modification except as may be appropriate to take into account any differences in the square footage of such substituted space. In such event the Landlord shall pay all of Tenant's reasonable costs of moving and reinstallation of telephone, computers and other equipment in the substituted space and reasonable printing costs for letterhead, business cards and announcements. In addition, Landlord shall reimburse Tenant for decorating and preparation of the substituted space, in such manner as shall be similar or equal to that which existed in the Premises; and the reimbursement costs shall be so limited. ARTICLE XLI
Tenant Relocation. 39.1 Notwithstanding any other provisions of this Lease to the contrary, the Landlord reserves the right, not more than once during the Term and not more than once during the Extended Period (as hereinafter defined) if Tenant exercises its option to extend the Term in accordance with the provisions of ARTICLE XL, upon sixty days advance written notice to the Tenant, to relocate Tenant to substituted space of approximately equal square footage in the Building with a comparable window line. Such substituted space shall then constitute the Premises under this Lease and this Lease shall remain in full force and effect without modification except as may be appropriate to take into account any differences in the square footage of such substituted space. In such event the Landlord shall pay all of Tenant’s reasonable costs of moving and reinstallation of telephone and other equipment in the substituted space. In addition, Landlord shall reimburse Tenant for decorating and preparation of the substituted space, in such manner as shall be similar or equal to that which existed in the Premises; and the reimbursement costs shall be so limited
Tenant Relocation. Seller represents and warrants that it has the legal right under the Leases to effectuate the Tenant Relocation.
Tenant Relocation. If the Demised Premises contain less than Ten Thousand (10,000) square feet of rentable area, Landlord shall have the right, at its option, upon at least thirty (30) days written notice to Tenant, to relocate Tenant and to substitute for the Demised Premises other space within the Building containing at least as much rentable area as the Demised Premises (the “New Space”). The New Space shall be improved by Landlord at its expense, with decorations and improvements that are substantially comparable in quantity and quality to those provided by Landlord in the original Demised Premises. Landlord shall pay the expenses reasonably incurred by Tenant in connection with such relocation, including by not limited to costs of moving, door lettering and telephone relocation. The New Space shall become the “Demised Premises” for purposes of this Lease following Tenant’s taking occupancy thereof.
Tenant Relocation. Costs incurred for tenant relocation, including but not limited to move-in and move-out costs, will be paid for by LANDLORD.