Premises Tenant Improvements Clause Samples
The PREMISES/TENANT IMPROVEMENTS clause defines the responsibilities and procedures related to any modifications, upgrades, or construction work performed on the leased property by or for the tenant. Typically, this clause outlines what types of improvements are permitted, who must approve them (often the landlord), and who bears the costs and ownership of such improvements. For example, it may specify that the tenant can install new fixtures or partitions with landlord consent, and clarify whether these additions must be removed or left behind at lease end. The core function of this clause is to set clear expectations and boundaries regarding alterations to the premises, thereby preventing disputes over property condition and responsibility during and after the lease term.
Premises Tenant Improvements. 2.1 Tenant shall have the right to make improvements to the interior of the Premises (the “50 Premises Tenant Improvements”). Tenant shall make the 50 Premises Tenant Improvements at Tenant's sole cost and expense (subject to application of the 50 Premises Tenant Improvement Allowance set forth below). All 50 Premises Tenant Improvements (including the plans and specifications for the 50 Premises Tenant Improvements) and any contractors and architects performing work in connection with the 50 Premises Tenant Improvements shall be subject to the consent of Landlord, which consent shall not be unreasonably withheld, delayed or conditioned; provided, that, Landlord hereby approves of Tenant's use of the following contractors and architects: HBC (as a general contractor) and Interior Architects Los Angeles (as an interior architect) and ▇▇▇▇ ▇▇▇▇▇▇▇▇ + Associates (as an architect for landscaping). Any 50 Premises Tenant Improvements (except trade fixtures) shall at once become a part of the Premises and shall be surrendered to Landlord upon the expiration or sooner termination of this Lease. All work with respect to the 50 Premises Tenant Improvements must be done in a good and workmanlike manner and diligently prosecuted to completion to the end that the improvements on the Premises shall at all times be a complete unit except during the period of work.
2.2 Landlord grants to Tenant a one-time 50 Premises Tenant Improvement Allowance in the amount set forth in Section E(5) of the Basic Provisions of the Lease for the 50 Premises Tenant Improvements, including any soft costs associated with the design and construction of the same, including without limitation costs for space planning, design, engineering, measurement, cost estimating, value engineering and move-in; provided, that, (x) in no event shall more than ten percent (10%) of the 50 Premises Tenant Improvement Allowance be applied to, or disbursed for, such soft costs; (y) in no event shall any amount of the 50 Premises Tenant Improvement Allowance be applied to, or disbursed for, Tenant's furniture, fixtures and equipment; and (z) in no event shall less than $600,000.00 of the 50 Premises Tenant Improvement Allowance be applied to the hard costs of the 50 Premises Tenant Improvements. During the construction of the 50 Premises Tenant Improvements, and commencing upon the Commencement Date, Landlord 32730.018 - 276230.10 4836-3652-8809v15/100382-1012 shall make periodic distributions of the 50 Premises ...
Premises Tenant Improvements