Common use of Tenant's Right to Make Alterations Clause in Contracts

Tenant's Right to Make Alterations. TENANT covenants and agrees that it shall not make any alterations, improvements or additions to or upon the DEMISED PREMISES during the term of this LEASE or any extension hereof, if any, without first obtaining the prior written consent of LANDLORD, which consent shall not be reasonably withheld. LANDLORD’S consent shall not be required for interior, non-structural, nonmechanical alterations of less than $25,000.00 in value per year. All alterations, improvements and additions made by TENANT shall remain upon the DEMISED PREMISES at the expiration, or earlier termination, of this LEASE and shall become the property upon, installation, unless LANDLORD shall prior to the termination of this LEASE have given written notice and direction to TENANT to remove the same at TENANT’S sole cost and expense, in which event TENANT shall at its expense remove such alterations, improvements and additions and restore the DEMISED PREMISES to the same good working order and condition in which it was at the commencement of the lease term. Should TEMANT fail to do so, LANDLORD may do so, at LANDLORD’S option, collecting in such instance the cost and expense thereof from the TENANT as additional rent.

Appears in 1 contract

Sources: Lease Agreement (Vision Bancshares Inc)

Tenant's Right to Make Alterations. TENANT covenants With written approval from Landlord, Tenant, at its sole cost and agrees that it expense, may make alterations and additions to the Premises with written approval from Landlord, as Tenant deems proper; provided, however, unless made pursuant to Section (d) of Attachment A, this Section 8(a), or Sections 7 or 21, Tenant shall not make any alterationsstructural alterations of the roof, improvements foundation or additions to or upon the DEMISED PREMISES during the term of this LEASE or any extension hereof, if any, exterior walls without first obtaining the prior written consent of LANDLORDLandlord, which consent shall not be reasonably unreasonably withheld, conditioned or delayed. LANDLORD’S consent shall not be required for interiorTenant, non-structural, nonmechanical alterations of less than $25,000.00 in value per year. All alterations, improvements and additions made by TENANT shall remain upon the DEMISED PREMISES at the expiration, or earlier termination, of this LEASE and shall become the property upon, installation, unless LANDLORD shall prior to the termination of this LEASE have given written notice and direction to TENANT to remove the same at TENANT’S its sole cost and expense, may install fixtures, partitions and make such other improvements as Tenant may deem proper. The title and ownership of materials used in such alterations and additions, and all fixtures, partitions, and other improvements made and/or installed by Tenant shall remain in Tenant. Upon termination of this Lease, Tenant may, at its option, remove the fixtures, partitions and other improvements made under this Section, in which event TENANT any damage to the Premises caused by removal, other than nominal damage (such as screw holes, bracket marks, etc.) shall be repaired by Tenant at its expense expense. If Tenant elects not to remove the improvements, it shall have no further responsibility for them or their removal, and such alterations, improvements and additions and restore shall thereafter be the DEMISED PREMISES to the same good working order and condition in which it was at the commencement property of the lease term. Should TEMANT fail to do so, LANDLORD may do so, at LANDLORD’S option, collecting in such instance the cost and expense thereof from the TENANT as additional rentLandlord.

Appears in 1 contract

Sources: Deed of Lease