Common use of Alterations Fee Clause in Contracts

Alterations Fee. Tenant shall pay Landlord as Rent five percent (5%) of the total construction costs of the Alterations to cover review of Tenant’s plans and construction coordination by its own employees. In addition, Tenant shall reimburse Landlord for the actual cost that Landlord reasonably incurs to have engineers, architects or other professional consultants review Tenant’s plans and work in progress, or inspect the completed Alterations.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Rent and Lease Term (Behringer Harvard Short Term Opportunity Fund I Lp)

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Alterations Fee. Except with respect to the Tenant improvement work performed in accordance with EXHIBIT F, below, Tenant shall pay Landlord as Rent five three percent (53 %) of the total construction costs of the Alterations to cover review of Tenant’s plans and construction coordination by its own employees. In addition, Tenant shall reimburse Landlord for the actual cost that Landlord reasonably incurs to have engineers, architects or other professional consultants review Tenant’s plans and work in progress, or inspect the completed Alterations.

Appears in 2 contracts

Samples: Office Lease (Box Inc), Office Lease (Box Inc)

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Alterations Fee. Tenant shall pay to Landlord as Rent five four percent (54%) of the total construction costs of the Alterations to cover review of Tenant’s plans and construction coordination by its own employees. In addition, Tenant shall reimburse Landlord for the actual cost that Landlord reasonably incurs to have engineers, architects or other professional consultants review Tenant’s plans and work in progress, or inspect the completed Alterations.

Appears in 1 contract

Samples: Office Lease (Hippo Holdings Inc.)

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