ABOVE STANDARD TENANT IMPROVEMENTS Clause Samples
The "Above Standard Tenant Improvements" clause defines the handling of tenant improvements that exceed the basic or standard level provided by a landlord in a leased property. This clause typically specifies which enhancements or customizations—such as upgraded finishes, specialized lighting, or additional partitions—are considered above standard, and outlines who is responsible for the costs associated with these upgrades. Its core function is to clearly allocate financial responsibility for non-standard improvements, ensuring both parties understand which costs are covered by the landlord and which are borne by the tenant, thereby preventing disputes over upgrade expenses.
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ABOVE STANDARD TENANT IMPROVEMENTS. In addition to the construction of tenant improvements as set forth in Paragraph C above, Lessor and Lessee agree that Lessor shall also construct those certain above-standard tenant improvements set forth in the plans and specifications attached hereto as Exhibit "C". Lessor and Lessee have estimated to the best of their ability the total construction costs Lessor shall incur in the construction of such above-standard improvements and Lessee has approved such estimate as set forth in Exhibit "C". Provided however, Lessee understands and agrees that this is an estimate only, and that the total actual construction costs for such above-standard improvements may exceed the estimate. Nevertheless, Lessee agrees that the Base Rent payable pursuant to Paragraph 4 of the Lease shall be adjusted as more particularly set forth below, based on the total actual construction costs for such above-standard improvements and not the estimated costs. Lessor shall pay all costs incurred in connection with the construction of the above-standard improvements including but not limited to actual material costs, costs of installation, architectural and/or engineering fees, governmental fees (e.g. building permit fees), the cost of painting and other finish work, and delivery fees. Following completion of construction and when such costs are known to Lessor, Lessor shall provide Lessee with a breakdown of such costs, and a total for the actual costs of the above-standard improvements. The minimum monthly rent payable by Lessee over the initial term of this Lease shall then be increased by the quotient derived by dividing the total actual cost of construction of the above standard improvements by the number of months in the initial Lease Term. Solely as an example, assume: total cost of construction = $50,000 months in the initial Lease Term = 36 quotient = $1,388.89 ($50,000 DIVIDED BY 36) original Base Rent = $3,500,00 adjusted Base Rent - $4,888.89 ($3,500.00 + $1,388.89). Lessor shall notify Lessee promptly upon determination of the adjusted Base Rent. By its execution of this Addendum to Lease, Lessee acknowledges its liability for payment of such adjusted Base Rent notwithstanding the fact that such adjusted amount is not capable of determination as of the date of execution hereof. Lessee shall have the right to request change orders as set forth in Paragraph C above. Following completion of construction and installation of the above-standard improvements, Lessee shall also ...
ABOVE STANDARD TENANT IMPROVEMENTS. 1. Any Above Standard Tenant Improvement; i.e., improvements which exceed the standards described above, in design, quantity, quality, structurally, mechanically, electrically, or in cost (which includes the design fees) shall be deemed above standard. Also, Tenant designs which require fire alarm systems or special emergency lighting above and beyond that provided by the Landlord shall be at Tenant's cost and expense. EXHIBIT C TENANT'S WORK LETTER (Construction Rules)
1. The Tenant's Contractors and subcontractors are required to check in with the Landlord's Property Manager for instructions and coordination prior to going on the site.
2. All Tenant Contractors are to follow all instructions set forth by Landlord.
3. Tenant's Contractors will not be permitted to start work until they:
A. Have all necessary building permits and have posted such permits on the wall in the Tenant's space.
B. Furnish proper evidence of required insurance coverage.
C. Sign for and take possession of keys to service doors of premises (if any) and acknowledge proper installation and operation of said service door.
D. Furnish names and phone numbers (office and home) of contractor's supervisory personnel.
E. Have a set of Landlord approved drawings in the space at all times.
F. Acknowledge receipt of a copy of these Construction Rules.
G. Furnish proper evidence that all fees and/or deposits required to commence work have been fully paid.
ABOVE STANDARD TENANT IMPROVEMENTS. Upon written request by ▇▇▇▇▇▇, Landlord shall provide Tenant an additional allowance for above standard tenant improvements to the Premises in an amount not to exceed Five Hundred Thousand Dollars ($500,000.00). Landlord will increase the monthly Base Rent Tenant shall pay by an amount equal to the monthly installment of the amount requested amortized at a rate of 8% per annum over a term of ten years.
ABOVE STANDARD TENANT IMPROVEMENTS. If approved pursuant to Section 4.1(c), and to the extent not available from the Construction Loan, the Members shall make Additional Capital Contributions to provide funds for ASTI Costs in proportion to their Capital Sharing Ratios.
ABOVE STANDARD TENANT IMPROVEMENTS. Landlord hereby confirms that none of the Tenant Improvements approved by Landlord prior to the date hereof, nor the Pipe Work, constitute "Above Standard Tenant Improvements".
ABOVE STANDARD TENANT IMPROVEMENTS. If tenant improvements in the Premises, whether installed and/or paid for by Landlord or Tenant, and whether or not affixed to the real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation attributable to Landlord's standard tenant improvement allowance for the Project, then Landlord may deem the LANDLORD INITIALS: TENANT'S INITIALS: /s/ [ILLEGIBLE] /s/ [ILLEGIBLE] --------------------- ---------------------
1. If the records of the County Assessor are available and sufficiently detailed to serve as a basis for determining the amount by which Tenant's improvements are assessed at a higher valuation than Landlord's standard allowance, such records shall be binding on both Landlord and Tenant. Otherwise, the amount payable to Tenant pursuant to this Section 4.2 shall be reasonably determined by Landlord.