Sublessee’s Property Clause Samples

The 'Sublessee’s Property' clause defines the rights and responsibilities regarding any personal property that the sublessee brings onto the leased premises. Typically, this clause clarifies that the sublessor is not liable for loss, damage, or theft of the sublessee’s belongings, and may require the sublessee to obtain their own insurance for such property. Its core function is to allocate risk by making clear that the sublessee bears responsibility for their own property, thereby protecting the sublessor from potential claims related to personal items.
Sublessee’s Property. Sublessee shall be solely responsible for insuring its own property on the Premises. Sublessor shall not be responsible for loss or damage to the personal property of Sublessee, its sublessees, employees, customers, or invitees, in the absence of the receipt of an insurance payment by Sublessor attributable to such loss (in which event said payment shall be delivered forthwith to Sublessee), or unless such loss or damage was occasioned by the willful misconduct of Sublessor, its agents, servants, or employees; but subject in any event to Section 4.2.
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Sublessee’s Property. SUBLESSOR'S PROPERTY. At the termination of the Sublease if Sublessee has not exercised the Purchase Option granted herein all improvements permanently affixed to the Facilities, and all heating and air conditioning equipment, plumbing and electrical pipes, wiring, connections and fittings, which are necessary to the mechanical, plumbing and electrical operation and maintenance of the Facilities, shall be the property of the City, without compensation to Sublessee, whether owned, purchased or constructed by the City, the Sublessor, or by Sublessee. Sublessee hereby grants to the City and to the Sublessor reasonable access to the Facilities, which access shall not unreasonably interfere with Sublessee's use thereof, for the inspection, installation, maintenance, replacement and repair of the above-described property of the City. All other furniture, fixtures, equipment, and property, put in at the expense of Sublessee shall be the property of Sublessee, and may be removed by Sublessee at any time. All of such property shall be removed on or before the termination of the term hereof, and all property not so removed shall be deemed abandoned by Sublessee to Sublessor and the City, as applicable. Sublessee, at its cost and expense, shall repair any damage done to the Facilities by such removal. If Sublessee chooses not to remove its property, then title to such property shall vest in the City.
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Sublessee’s Property. Sublessor shall not be liable for any damage to property of Sublessee or of others located in the Premises, nor for the loss of or damage to any property of Sublessee or of others by theft or otherwise, unless the result of the gross negligence or wilful misconduct of Sublessor, its agents or employees. Sublessor shall not be liable for any latent or patent defect in the Premises unless identified in a written agreement between Sublessor and Sublessee executed on or before the Execution Date, which agreement sets forth obligations of Sublessor with respect to such defects. All property of Sublessee kept or stored on the Premises shall be so kept or stored at the risk of Sublessee only and Sublessee shall hold Sublessor harmless from and hereby waives any claims arising out of damage to the same or damage to Sublessee's business, including subrogation claims by Sublessee's insurance carrier.
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Sublessee’s Property. The Approved Preliminary Plans shall include a statement by Sublessee of those elements of Sublessee's Improvements which (i) are to be part of Sublessee's Property and may be removed from the Building or abandoned, at Sublessee's election, at the end of the Term; (ii) are to be part of Sublessee's Property and must be removed from the Building at the end of the Term; or (iii) upon construction or installation shall become part of the Building and Sublessor's property and shall not be removed from the Building at the end of the Term. Within sixty (60) days after the completion of the Approved Working Drawings, Sublessor and Sublessee shall execute an amendment to this Sublease setting forth the above.
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Related to Sublessee’s Property

  • LESSEE'S PROPERTY All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.

  • LESSEE'S PROPERTY INSURANCE Subject to the requirements of Paragraph 8.5, Lessee at its cost shall either by separate policy or, at Lessor's option, by endorsement to a policy already carried, maintain insurance coverage on all of Lessee's personal property, Trade Fixtures and Lessee-Owned Alterations and Utility Installations in, on, or about the Premises similar in coverage to that carried by Lessor as the Insuring Party under Paragraph 8.3 (a) Such insurance shall be full replacement cost coverage with a deductible not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of personal property and the restoration of Trade Fixtures and Lessee-Owned Alterations and Utility Installations. Upon request from Lessor, Lessee shall provide Lessor with written evidence that such insurance is in force.

  • Landlord’s Property All Alterations, improvements, fixtures, equipment and/or appurtenances which may be installed or placed in or about the Premises, from time to time, shall be at the sole cost of Tenant and shall be and become the property of Landlord; provided, however, Landlord may, by written notice to Tenant prior to the end of the Lease Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Alterations or improvements and to repair any damage to the Premises and Building caused by such removal and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, at Landlord’s election, to a building standard tenant improved condition as determined by Landlord; provided; however, that notwithstanding the foregoing, upon request by Tenant at the time of Tenant’s request for Landlord’s consent to any Alteration or improvement, Landlord shall notify Tenant whether the applicable Alteration or improvement will be required to be removed pursuant to the terms of this Section 8.5. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations or improvements in the Premises and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, if elected by Landlord, to a building standard tenant improved condition as determined by Landlord, prior to the expiration or earlier termination of this Lease, then Rent shall continue to accrue under this Lease in accordance with Article 16, below, after the end of the Lease Term until such work shall be completed, and Landlord shall have the right, but not the obligation, to perform such work and to charge the cost thereof to Tenant. Tenant hereby protects, defends, indemnifies and holds Landlord harmless from any liability, cost, obligation, expense or claim of lien, including but not limited to, court costs and reasonable attorneys’ fees, in any manner relating to the installation, placement, removal or financing of any such Alterations, improvements, fixtures and/or equipment in, on or about the Premises, which obligations of Tenant shall survive the expiration or earlier termination of this Lease.

  • Tenant’s Property All movable non-structural partitions, business and trade fixtures, machinery and equipment, communications equipment and office equipment that are installed in the Premises by, or for the account of, Tenant and without expense to Landlord and that can be removed without structural damage to the Property, and all furniture, furnishings and other articles of movable personal property owned by Tenant and located in the Premises (collectively, the "TENANT'S PROPERTY") shall be and shall remain the property of Tenant and may be removed by Tenant at any time during the Term, provided Tenant repairs or pays the cost of repairing any damage to the Premises or to the Property resulting from the installation and/or removal thereof. At or before the Expiration Date, or the date of any earlier termination, Tenant, at its expense, shall remove from the Premises all of Tenant's Property and any Alterations (except such items thereof as constitute Landlord's Property; or as Landlord shall have expressly permitted, in writing, to remain, which property shall become the property of Landlord), and Tenant shall repair (to Landlord's reasonable satisfaction) any damage to the Premises or the Property resulting from any installation and/or removal of Tenant's Property. Any other items of Tenant's Property that shall remain in the Premises after the Expiration Date, or following an earlier termination date, may, at the option of Landlord, be deemed to have been abandoned, and in such case, such items may be retained by Landlord as its property or be disposed of by Landlord, in Landlord's sole and absolute discretion and without accountability, at Tenant's expense. Notwithstanding the foregoing, if Tenant is in default under the terms of this Lease, Tenant may remove Tenant's Property from the Premises only upon the express written direction of Landlord.

  • Lessee's Improvements Since Lessor is the Insuring Party, Lessor shall not be required to insure Lessee-Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease.