TENANT’S WORKS. Following practical completion of the Tenant's Works in accordance with this Agreement, the Tenant will commission a chartered building surveyor to prepare a schedule of condition recording the state of repair and condition of the Premises for the purposes of clause 3.3 of the Lease (the Second Schedule of Condition). The Second Schedule of Condition shall contain photographs and written statements describing the state of repair and condition of the Premises. The parties shall (acting reasonably) collaborate together in good faith and agree the Second Schedule of Condition as soon as possible after it has been prepared. In the event that the parties cannot agree the Second Schedule of Condition within 30 days after the date of practical completion of the Tenant's Works then in respect of any matters which are not agreed between the parties either party shall be entitled to request that the same is determined by an Independent Person in accordance with clause 22. Following agreement or determination of the Second Schedule of Condition pursuant to this clause, both parties shall ensure that the Second Schedule of Condition shall be annexed to their respective counterparts of the Lease.
TENANT’S WORKS. 6.1. Following approval by the Council of HTH Limited’s proposals for the Tenant’s Works submitted in accordance with clause 6.1(d) of the Agreement, the Council shall advise HTH Limited of the arrangements for access to the Building to enable the Tenant’s Works to be completed.
TENANT’S WORKS. 21.1 Conditional upon having received all necessary Approvals, the Tenant shall carry out and complete the Tenant’s Works and shall take all reasonably practicable steps to procure that the Tenant’s Works are carried out:
TENANT’S WORKS. 12.1 The Tenant shall, having at its own cost prepared the same, submit to the Developer (in triplicate) for approval, detailed plans, a specification and method statement of its proposals for the Tenant’s Works which shall be in accordance with the Tenant Guide. The provisions of clause 12 of each of the Leases shall govern whether the Developer’s approval is required or not and, if required, whether such approval is required not to be unreasonably withheld or delayed.
TENANT’S WORKS. The Tenant must obtain the prior written consent of the Landlord for the Tenant’s Works in respect of the Premises which may be required by the Tenant for the use and enjoyment of the Premises and comply with all other stipulations set out in Clause 4.1 of the Covenants and the Tenants’ Guide.
TENANT’S WORKS. 4.1.1 The Tenant shall not carry out the Tenant’s Works without the prior approval of the Landlord.
TENANT’S WORKS. 11.2.1Following practical completion of the Tenant's Works in accordance with this Agreement, the Tenant will commission a chartered building surveyor to prepare a schedule of condition recording the state of repair and condition of the Premises for the purposes of clause 3.3 of the Lease (the Second Schedule of Condition).
TENANT’S WORKS. 4.1 The Tenant hereby covenants with the Landlord:
TENANT’S WORKS. There is intentionally no obligation on the Tenant to carry out the Tenant's Works to ensure there is no impact on rent review because the rent review clause provides that improvements carried out by the Tenant will be disregarded on rent review, unless they are carried out pursuant to an obligation to the Landlord. If there were an obligation on the Tenant to carry out the Tenant's Works the Short Lease Premium Rules (section 7 of Corporation Tax Act 2009) may apply if the works will increase the Landlord's reversionary value (eg if the works are not to be reinstated on lease expiry). The Tenant's Works may be treated as a lease premium, meaning the Landlord would be liable to income tax on their value. You should take specialist tax advice.
TENANT’S WORKS. The agreement for lease should cater for work to be undertaken by the tenant. Provision should be made for the following: -
