Surrender at Expiration. Conditions of Premises: Upon expiration of the Lease term or earlier termination on account of default, Tenant shall deliver all keys to the Landlord and surrender the leased premises in first-class condition and broom-clean. Tenant has deposited with Landlord the sum of $-0- as a security deposit. Landlord shall have the right to deduct all expenses of cleaning the premises from such deposit and repair any damage other than normal wear and tear. Alterations constructed by Tenant with permission from the Landlord shall not be removed or restored to the original condition unless the terms of permission for the alterations so require. Depreciation and wear from ordinary use for the purpose for which the premises were let need not be restored, but all repair for which the Tenant is responsible shall be completed to the latest practical date prior to such surrender. The Tenant's obligations under this paragraph shall be subordinate to the provisions of Section 7 related to destruction. Fixtures: (a) All existing fixtures upon the leased premises during the term, other than Tenant's trade fixtures, shall be the property of the Landlord. (b) All fixtures and personal property brought onto the property shall remain the property of the tenant. Holdover: (a) If the Tenant does not vacate the leased premises at the time required, the Landlord shall treat the Tenant as a tenant from month to month. Nonwaiver: Waiver by either party of strict performance of any provision of this lease shall not be a waiver of or prejudice the party's right to require strict performance of the same provision in the future or of any other provision. Sign Approval: Landlord retains the right to approve any sign placed on the premises. Any sign that Tenant has the right to place, construct and maintain shall comply with all laws, and Tenant shall obtain any approval required by such laws. Tenant to pay all costs for signage.
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Samples: Commercial Lease Agreement (Quadrax Corp), Commercial Lease Agreement (Quadrax Corp)
Surrender at Expiration. Conditions Upon the expiration or any termination of Premises: Upon the term of this lease, the Tenant shall quit and surrender the premises, together with any fixtures, equipment or appurtenances installed in the premises at the commencement of this lease, and any alterations, decorations, additions and improvements which are not to be removed in compliance with the provisions of Article FOUR hereof, to the Landlord, in good order and condition, ordinary wear and tear and damage by casualty and condemnation excepted. The Tenant shall remove all its furnishings, trade, fixtures, stock in trade and like personal property in accord with the requirements of Article FOUR, so as to leave the premises broom-clean and in an orderly condition. If the last day of the term of this lease falls on Saturday or Sunday, this lease shall expire on the business day immediately preceding. The Tenant’s obligation to observe and perform this covenant shall survive the expiration or other termination of the term of this lease. The Tenant acknowledges that possession of the premises must be surrendered to the Landlord on the Expiration Date. The parties recognize that the damage to the Landlord resulting from any failure by the Tenant to timely surrender possession of the premises will be substantial, will exceed the amount of the monthly installments of the fixed rent and additional rent payable hereunder and will be impossible to accurately measure. The Tenant agrees that if possession of the premises is not delivered to the Landlord on the Expiration Date (or any sooner termination date), in addition to any other rights or remedies the Landlord may have hereunder or in equity or at law, and without in any manner limiting the Landlord’s right to demonstrate and collect any damages suffered by the Landlord, the Tenant shall pay to the Landlord on account of use and occupancy of the premises for each month and for each portion of any month during which the Tenant holds over in the premises after the Expiration Date, a sum equal to two (2) times the aggregate of the fixed rent and additional rent which was payable under this lease during the last month of the term. In addition, and without in any manner limiting the Landlord’s right to demonstrate and collect any damages suffered by the Landlord and arising from the Tenant’s failure to surrender the premises as provided herein, the Tenant shall indemnify and hold the Landlord harmless from and against all cost, liability, damages and expenses (including, without limitation, reasonable attorneys’ fees and disbursements) resulting from delay by the Tenant in so surrendering the premises. In the even the Tenant shall holdover or remain in possession of any portion of the premises for more than ninety (90) days after the Expiration Date or the earlier termination of this lease, the Tenant shall also indemnify the Landlord from and against any consequential damages incurred by the Landlord, as a result thereof, including, without limitation, any claims made by any succeeding or prospective tenant as a result of such delay. Nothing herein contained shall be deemed to permit the Tenant to retain possession of the premises after the Expiration Date (or sooner termination) of this lease or to limit in any manner the Landlord’s right to regain possession of the premises through summary proceedings, or otherwise, and no acceptance by the Landlord of payments from the Tenant after the Expiration Date shall be deemed to be other than on account of the amount to be paid by the Tenant in accordance with the provisions of this Article. The provisions of this Article shall survive the expiration of the Lease term or earlier termination on account of default, Tenant shall deliver all keys to the Landlord and surrender the leased premises in first-class condition and broom-clean. Tenant has deposited with Landlord the sum of $-0- as a security deposit. Landlord shall have the right to deduct all expenses of cleaning the premises from such deposit and repair any damage other than normal wear and tear. Alterations constructed by Tenant with permission from the Landlord shall not be removed or restored to the original condition unless the terms of permission for the alterations so require. Depreciation and wear from ordinary use for the purpose for which the premises were let need not be restored, but all repair for which the Tenant is responsible shall be completed to the latest practical date prior to such surrender. The Tenant's obligations under this paragraph shall be subordinate to the provisions of Section 7 related to destruction. Fixtures:
(a) All existing fixtures upon the leased premises during the term, other than Tenant's trade fixtures, shall be the property of the Landlord.
(b) All fixtures and personal property brought onto the property shall remain the property of the tenant. Holdover:
(a) If the Tenant does not vacate the leased premises at the time required, the Landlord shall treat the Tenant as a tenant from month to month. Nonwaiver: Waiver by either party of strict performance of any provision of this lease shall not be a waiver of or prejudice the party's right lease. Back to require strict performance of the same provision in the future or of any other provision. Sign Approval: Landlord retains the right to approve any sign placed on the premises. Any sign that Tenant has the right to place, construct and maintain shall comply with all laws, and Tenant shall obtain any approval required by such laws. Tenant to pay all costs for signage.Contents
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Samples: Lease Agreement (Miva, Inc.)
Surrender at Expiration. Conditions of Premises: (a) Upon expiration of the Lease term Term or earlier termination on account of default, Tenant shall deliver all keys to the Landlord and peaceably surrender the leased premises Premises broom clean and in first-class the same condition and broom-clean. Tenant has deposited with Landlord as exists on the sum of $-0- as a security deposit. Landlord shall have the right to deduct all expenses of cleaning the premises from such deposit and repair any damage other than normal Effective Date, reasonable wear and tear. Alterations constructed by Tenant with permission from the Landlord shall not be removed or restored to the original condition unless the terms of permission for the alterations so requiretear excepted. Depreciation and wear from ordinary use for the purpose for which the premises Premises were let need not be restored, but all repair repairs and replacements for which the Tenant is responsible shall be completed pursuant to the latest practical date prior to such surrenderparagraph 14 above. The Tenant's ’s obligations under this paragraph shall be subordinate subject to the provisions of Section 7 related paragraph 21 relating to damage or destruction. Fixtures:
(a) All existing fixtures upon the leased premises during the term, other than Tenant's trade fixtures, shall be the property of the Landlord.
(b) All fixtures improvements and personal property brought onto alterations placed on the Premises during the Lease term, other than Tenant’s trade fixtures, shall, at Landlord’s option exercised at the time of granting of its consent, become the property of Landlord. Movable furniture, decorations, floor covering other than hard surface bonded or adhesively fixed flooring, curtains, drapes, blinds, furnishings and trade fixtures shall remain the property of Tenant if placed on the tenantPremises by Tenant. Holdover:Anything to the contrary contained herein notwithstanding, in no event shall Tenant be required to remove any improvements, alterations, or fixtures (but not trade fixtures) that exist on the Premises as of the Commencement Date.
(ac) If the Tenant does not vacate the leased premises Landlord so elects at the time requiredof granting its consent, the Landlord Tenant shall treat the Tenant as a tenant from month to month. Nonwaiver: Waiver by either party of strict performance of remove any provision of this lease shall not be a waiver of or prejudice the party's right to require strict performance of the same provision in the future or of any other provision. Sign Approval: Landlord retains the right to approve any sign placed all fixtures installed on the premises. Any sign that Tenant has Premises during the right to place, construct and maintain shall comply with all lawsLease term which would otherwise remain the property of Landlord, and shall repair any physical damage resulting from the removal. If Tenant shall obtain any approval required by such laws. Tenant to pay all costs for signage.fails
Appears in 1 contract
Surrender at Expiration. Conditions of Premises: (a) Upon expiration of the Lease term Term or earlier termination on account of default, Tenant shall deliver all keys to the Landlord and peaceably surrender the leased premises Premises broom clean and in first-class the same condition and broom-clean. Tenant has deposited with Landlord as exists on the sum of $-0- as a security deposit. Landlord shall have the right to deduct all expenses of cleaning the premises from such deposit and repair any damage other than normal Effective Date, reasonable wear and tear. Alterations constructed by Tenant with permission from the Landlord shall not be removed or restored to the original condition unless the terms of permission for the alterations so requiretear excepted. Depreciation and wear from ordinary use for the purpose for which the premises Premises were let need not be restored, but all repair repairs and replacements for which the Tenant is responsible shall be completed pursuant to the latest practical date prior to such surrenderparagraph 14 above. The Tenant's ’s obligations under this paragraph shall be subordinate subject to the provisions of Section 7 related paragraph 21 relating to damage or destruction. Fixtures:
(a) All existing fixtures upon the leased premises during the term, other than Tenant's trade fixtures, shall be the property of the Landlord.
(b) All fixtures improvements and personal property brought onto alterations placed on the Premises during the Lease term, other than Tenant’s trade fixtures, shall, at Landlord’s option exercised at the time of granting of its consent, become the property of Landlord. Movable furniture, decorations, floor covering other than hard surface bonded or adhesively fixed flooring, curtains, drapes, blinds, furnishings and trade fixtures shall remain the property of Tenant if placed on the tenantPremises by Tenant. HoldoverAnything to the contrary contained herein notwithstanding, in no event shall Tenant be required to remove any improvements, alterations, or fixtures (but not trade fixtures) that exist on the Premises as of the Commencement Date.
(c) If Landlord so elects at the time of granting its consent, Tenant shall remove any or all fixtures installed on the Premises during the Lease term which would otherwise remain the property of Landlord, and shall repair any physical damage resulting from the removal. If Tenant fails 9044.051 Five Oaks Office Lease to Credence Lot 2 v2 to remove such fixtures, Landlord may do so and charge the cost to Tenant with interest from the date of expenditure at the Default Interest Rate. Tenant shall remove all furnishings, furniture and trade fixtures which remain the property of Tenant. If Tenant fails to do so, this shall be an abandonment of the property, and Landlord may retain the property and all rights of Tenant with respect to it shall cease or, by notice in writing given to Tenant within twenty (20) days after removal was required, Landlord may elect to hold Tenant to its obligation of removal. If Landlord elects to require Tenant to remove, Landlord may effect a removal and place the property in public or private storage for Tenant’s account. Tenant shall be liable to Landlord for the cost of removal, transportation to storage, and storage, with interest on all such expenses from the date of expenditure by Landlord at the Default Interest Rate.
(d) The time for removal of any property or fixtures which Tenant is required to remove from the Premises upon termination shall be as follows:
(ai) If On or before the Tenant does not vacate the leased premises at the time required, the Landlord shall treat the Tenant as a tenant from month to month. Nonwaiver: Waiver by either party date this Lease terminates because of strict performance of any provision of this lease shall not be a waiver of or prejudice the party's right to require strict performance expiration of the same provision in term or because of a default under paragraphs 22 and 23.
(ii) Within thirty (30) days after notice from Landlord requiring such removal where the future or of any other provision. Sign Approval: Landlord retains the right property to approve any sign placed on the premises. Any sign that be removed is a fixture which Tenant has the right is not required to place, construct and maintain shall comply with all lawsremove except after such notice by Landlord, and such date would fall after the date on which Tenant shall obtain any approval would be required by such laws. Tenant to pay all costs for signageremove other property.
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