Common use of Tenant-owned improvements Clause in Contracts

Tenant-owned improvements. If any building, structure, fixture, or other improvement to the property is identified as being the property of a tenant who has the right or obligation to remove it as the expiration of his term, the Appraiser's estimate of the fair market value of the improvement shall be the greatest of (1) the amount which the improvement contributes to the fair market value of the property, (2) the in-place value of the improvement as part of the real property (the depreciated replacement cost of the improvement installed), or (3) the fair market value of the improvement for removal from the property at the purchaser's expense. The appraisal report shall state the basis for the valuation of the improvement and furnish the data and analysis on which the valuation was made.

Tenant-owned improvements. If any building, structure, fixture, or other improvement to the property is identified as being the property of a tenant who has the right or obligation to remove it as at the expiration of his the lease term, the Appraiser's estimate of the fair market value of the improvement shall be the greatest of (1) the amount which the improvement contributes to the fair market value of the property, (2) the in-place value of the improvement as part of the real property (the depreciated replacement cost of the improvement installed), or (3) the fair market value of the improvement for removal from the property at the purchaser's expense. The appraisal report shall state the basis for the valuation of the improvement and furnish the data and analysis analyses on which the valuation was made.

Tenant-owned improvements. If any building, structure, fixture, or other improvement to the property is identified as being the property of a tenant who has the right or obligation to remove it as at the expiration of his the lease term, the Appraiser's ’s estimate of the fair market value of the improvement shall be the greatest of of: (1) the amount which the improvement contributes to the fair market value of the property, (2) the in-place in‑place value of the improvement as part of the real property (the depreciated replacement cost of the improvement installed), or (3) the fair market value of the improvement for removal from the property at the purchaser's ’s expense. The appraisal report shall state the basis for the valuation of the improvement and furnish the data and analysis analyses on which the valuation was made.

Tenant-owned improvements. If any building, structure, fixture, fixture or other improvement to the property is identified as being the property of a tenant who has the right or obligation to remove it as at the expiration of his the lease term, the Appraiser's ’s estimate of the fair market value of the improvement shall be the greatest of (1) the amount which the improvement contributes to the fair market value of the property, (2) the in-place value of the improvement as part of the real property (the depreciated replacement cost of the improvement installed), ) or (3) the fair market value of the improvement for removal from the property at the purchaser's purchasers expense. The appraisal report shall state the basis for the valuation of the improvement and furnish the data and analysis analyses on which the valuation was made.