IMPROVEMENTS AND STRUCTURES Clause Samples
The "Improvements and Structures" clause defines the rights and responsibilities regarding any physical changes, additions, or constructions made to a property during the term of an agreement. Typically, it specifies whether the tenant or occupant is allowed to make improvements, who owns such improvements once completed, and whether removal or restoration is required at the end of the lease. For example, it may state that any buildings, fixtures, or alterations become the property of the landlord upon installation. This clause ensures clarity over ownership and maintenance obligations, preventing disputes about property modifications and their disposition at the end of the agreement.
IMPROVEMENTS AND STRUCTURES. No buildings or structures shall be erected upon the premises, other than those specifically authorized and which are permitted under the Conservation Easement. Licensee shall have use of the sheep barn to store trail management equipment and the small hut for ticket sales and equipment rental. Licensee shall not, without the Town’s prior written consent, construct any improvements, additions or replacements to the Property, which consent shall not be unreasonably withheld, conditioned, or delayed. In the event that, with the Town’s prior consent, Licensee makes any capital alterations, changes, replacements and additions in or to the Property, such improvements or additions shall be in compliance with the Conservation Easement and all applicable building codes and ordinances and all applicable federal, state and local permit and approval requirements and shall be built according to sound engineering practices. Licensee shall be solely responsible for obtaining any and all permits or approvals required. Any improvements constructed under the terms of this Agreement on the Property will be the property of the Town, provided that, at the time of the Town’s consent to construction of material improvements or structures, the Town and Licensee shall agree that either:
(a) the Town shall compensate Licensee for any capital improvements made by Licensee to the Property upon termination of this Agreement, based on then depreciated book value thereof, or (b) other mutually acceptable cost-sharing arrangements are made. If the improvement or structure is required by the Town to be removed at the end of the term of this Agreement, Licensee shall, within sixty (60) days of the termination date, remove the structure and return the land to the condition which existed prior to the erection of such structures. Licensee, at its sole expense, shall be responsible for maintaining and/or repairing existing and future structures in the Licensed Area, but the Town will apply for and/or support Licensee’s application for public and private grants that could be used to cover the costs of maintenance and repair.
IMPROVEMENTS AND STRUCTURES. Except as (a) permitted under Article IV, (b) the construction of a hotel on the Expansion Parcel, (c) any other construction with a cost less than $35,000,000.00, and (d) any maintenance, repair or replacement in the ordinary course of business, Tenant may not construct or permit the construction of any improvements or structures without the prior written consent of Landlord, which shall not unreasonably be withheld, delayed or conditioned. Such consent shall be deemed given if it has not been denied in writing by Landlord within thirty (30) days from Landlord’s receipt of the plans and specifications for such proposed improvements. In the event such additional development is for the purpose of development of sources of revenue or profit centers not related to the operation of the Premises as originally contemplated in this Lease, then such additional development shall not be permitted unless and until Tenant and Landlord have agreed to a fair and reasonable rental arrangement to cover the new revenue sources to be developed. Notwithstanding anything herein contained to the contrary, although Tenant shall not be required to obtain the consent of Landlord to construct a hotel on the Expansion Parcel, Tenant shall be required to submit design development documents (similar in nature and scope to the Design Development Documents and other related documents described in Section 4.03(a) hereof for the Hotel) to the Design Review Committee for approval prior to commencing construction of a hotel upon the Expansion Parcel. Upon its receipt of such documents, the Design Review Committee shall approve or reject the documents submitted in the manner and with the effect set forth in Section 4.03(b) hereof. If the Design Review Committee rejects the aforesaid documents, Tenant may elect to arbitrate such decision in the manner and with the effect set forth in Section 4.04 of this Lease.
IMPROVEMENTS AND STRUCTURES. Provides for the use of existing structures on the property, and that the COFC is responsible for the maintenance of those