Value of Improvements Clause Samples

The "Value of Improvements" clause defines how the value of any enhancements, additions, or upgrades made to a property or asset is determined and allocated between parties, typically in a lease or property agreement. This clause outlines whether improvements made by a tenant or lessee become the property of the landlord upon lease termination, or if compensation is owed for their value. For example, if a tenant installs new fixtures or builds an extension, the clause will specify if these remain with the property or if the tenant can remove them or receive payment. Its core function is to prevent disputes by clearly establishing ownership and value allocation for improvements, ensuring both parties understand their rights and obligations regarding any changes made to the property.
Value of Improvements. If the contemplated Improvements constructed in the tax increment financing district are completed at a lesser level of value than originally contemplated, they will generate fewer taxes and fewer tax increments than originally contemplated.
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Value of Improvements. Landlord agrees that unless Tenant, or a qualified successor tenant suggested by the City, retains the use of the Leased Property for purposes consistent with the provisions of 24 C.F.R. 570.200 et seq. through the Outside Date, Landlord shall pay to the City within thirty (30) days after the City’s demand an amount equal to the greater of: (i) fair market value of the CDBG-funded improvements to the Leased Property, less any portion of the value attributable to expenditures of non-CDBG funds to such improvements to the Leased Property; or (ii) $__________________ [Insert Grant Amount]. Landlord understands and agrees that the City would not make the Grant to Tenant without this agreement by Landlord. If Landlord fails to pay the City any amount due under this Section 7, Tenant shall pay to the City such amount due under this Section 7 within thirty (30) days after the City’s demand to Tenant.
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Value of Improvements. The Department and Lessee have agreed to $4,600 as the value of the Improvements located at the Leased Premises ("Improvement Value").
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Related to Value of Improvements

  • Public Improvements To the best knowledge of the Transferor Partnership, there are no written or proposed plans to widen, modify, or realign any street or highway or any existing or proposed eminent domain proceedings which would affect the Property in any way whatsoever. To the best knowledge of the Transferor Partnership, there are no presently planned public improvements which would result in the creation of a special improvement or similar lien upon the Property.

  • Tenant Improvements (a) On or before February 15, 2003, Tenant shall prepare or cause to be prepared and delivered to Landlord detailed final plans and specifications showing all improvements and alterations which Tenant desires to make to the Premises. Landlord shall approve or disapprove said plans and specifications within fifteen (15) business days of the receipt thereof, stating the reason for any disapproval in writing. If Tenant has not received comment within said fifteen (15) day period from Landlord in writing, Landlord’s approval shall be deemed granted. Once approved by Landlord and Tenant, the aforesaid final plans and specifications shall be deemed to be “Tenant Plans”. (b) So long as Tenant is not in default hereunder, Landlord agrees to pay to Tenant’s contractor as designated in writing by tenant (“Contractor”) an allowance of twenty seven dollars ($27) per square foot of usable Square Feet or two hundred five thousand and two hundred Dollars ($205,200.00) (“Allowance”) to be applied to the costs and expenses incurred in connection with the completion of the Tenant Plans. Tenant shall submit Contractor’s bills to Landlord at the completion of every calendar month and Landlord shall make payments of the Allowance to Contractor within ten (10) days thereafter. . (c) Tenant shall submit said Tenant Plans to the City of ▇▇▇▇▇ within ten (10) days after Landlord’s approval, and shall use all reasonable efforts to obtain all necessary permits from the City of ▇▇▇▇▇. Tenant shall cause the tenant improvement work in the Premises to be completed promptly after the issuance of a permit of Tenant Improvements at Tenant’s expense in accordance with Tenant’s Plans. The Lease will commence upon the earlier of the completion of tenant improvements or June 17, 2003 subject only to delays caused by events of force majeure. In the performance of such work, Tenant shall be governed by Article 12 of the Lease, and all work shall be performed in compliance with all governmental building codes in an acceptable workmanlike manner.