Cost of Tenant Improvements definition

Cost of Tenant Improvements as used in this Lease shall mean all costs of completing the Tenant Improvements, including, without limitation: (i) constructing the work pursuant to the Plans, including, without limitation, the cost of all labor (whether performed by third parties or by Landlord’s own force), materials, subcontracts, insurance and other reimbursable expenses, and general conditions, (ii) preparing the Plans, and any other plans required to complete the work and pay for all engineering and architectural fees regarding the design and construction of the project, (iii) any fees in connection with obtaining the necessary permits for the construction of the Tenant Improvements and (iv) an additional sum equal to eight percent (8%) of the Cost of Tenant Improvements included in item (i) of this Section 3(a) as SJP Properties’ construction management fee. The parties acknowledge that the Landlord intends to accomplish the Tenant Improvements by using SJP Properties as the construction manager for the project. Without limitation of the foregoing, the Cost of Tenant Improvements shall not include any markups on construction costs that are paid to SJP Properties other than the eight percent construction management fee.
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Cost of Tenant Improvements. As used herein, the "Cost of Tenant Improvements" or words of similar import shall include all costs paid or incurred by Landlord in connection with the design, approval, and/or construction of the Tenant Improvements (or any improvements) as shown on the Construction Drawings (as they may be amended), including but not limited to: (1) The fees of architects, engineers, consultants, utility companies, or governmental agencies for the design, supervision, construction or approval of improvements or alterations to the basic Building, which improvements or alterations are requested by Subtenant or required by Subtenant's use; (2) The costs and charges by Landlord's general contractor, subcontractors, material suppliers, laborers, and employees who provide goods and services for the actual construction of Tenant's Improvements or Building alterations requested or required by Subtenant for its use of the Leased Premises. Landlord (or an affiliate of Landlord) may act as a general contractor or subcontractor, and such general contractor may charge all of its reasonable direct costs as well as a construction management fee, profit, and/or overhead, which charge shall equal seven percent (7.0%) times the total cost of the work excluding costs for architectural fees, governmental fees (including building department fees), and utility company fees; (3) Direct costs of procuring and installing the improvements or items required for Subtenant's use of the Leased Premises including, but not limited to: building permits (but excluding the cost of the "shell" building permit), inspections, filings, taxes, governmental fees; any installation, connection or service fees required to provide utility service to the Building or into the Leased Premises, the cost of utility service or security service, or any service or material provided to the Building for purpose of the construction of Tenant Improvements. As a direct cost Landlord's contractor shall include costs of labor, materials, equipment, tools, construction equipment and machinery, water, heat, and utilities, transportation and other facilities and services necessary for proper execution and completion of work, whether temporary or permanent and whether or not incorporated or to be incorporated in the work; (4) General contractor's costs of maintaining any and all property damage and/or liability insurance pertaining and reasonably allocable to the construction of the Tenant Improvements; (5) Omitted; (6) Costs of per...
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Cost of Tenant Improvements means the entire cost of the design and construction of the Tenant Improvements including, without limitation, all fees and costs of the Designer, Engineer, Contractor (as defined below) and any other consultants and all permit fees and other governmental costs and fees; provided, however, that the cost of Tenant Improvements shall not include any fees payable to Master Landlord if Master Landlord is acting as Contractor, project coordinator or in any other similar capacity with respect to the Tenant Improvements, except that the foregoing shall not apply to fees payable to Regis Contractors or its successor entity.
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Examples of Cost of Tenant Improvements in a sentence

  • Cost of Tenant Improvements (as hereinafter defined) in excess of the Construction Allowance shall be referred to as an “Additional Cost” and paid by Tenant in accordance with Paragraph 3(c).

  • Without limitation of the foregoing, the Cost of Tenant Improvements shall not include any markups on construction costs that are paid to SJP Properties other than the eight percent construction management fee.

  • Tenant shall have the right to verify by its own audit all of the charges comprising the Cost of Tenant Improvements and Landlord agrees to make available all of its books, records, and documents as are required for this purpose by Tenant.

  • If the Cost of Tenant Improvements is less than the Tenant Improvement Allowance, Landlord shall retain such excess portion of the Tenant Improvement Allowance as its sole and separate property and Tenant shall have no rights or claims to it whatsoever, nor shall Tenant be entitled to any credit as a result of such excess.

  • Ratify Additional Cost of Tenant Improvements for 550 Continental Blvd.

  • Based on the executed subcontracts with such selected bidder, Landlord shall determine the Cost of Tenant Improvements, any Additional Cost, and the ratio of the Additional Cost to the Cost of Tenant Improvements (the “Additional Cost Fraction”), and shall submit the same to Tenant.

  • Landlord shall be responsible for the Cost of Tenant Improvements as defined in paragraph 3(a) up to $690,025.00 (representing $35.00 per rentable square foot of the Premises) (the “Construction Allowance”).

  • The Cost of Tenant Improvements may include expenses and "soft costs" incurred by Tenant, such as the fees of Tenant's architect.

  • All determinations regarding the actual, final Cost of Tenant Improvements shall be made by Landlord, in Landlord's sole and absolute discretion, and shall be binding upon Landlord and Tenant absent manifest error.

  • After the Final Agreed Plans have been prepared and the Cost of Tenant Improvements agreed upon by Xxxxxx and Customer, Customer may request changes or substitutions to the Final Agreed Plans, provided that any additional costs thereof shall be paid by Customer to Xxxxxx.


More Definitions of Cost of Tenant Improvements

Cost of Tenant Improvements as used in this Lease shall mean all costs of completing the Tenant Improvements, including, without limitation: (i) constructing the work pursuant to the Plans, including, without limitation, subcontracts, materials, labor (whether performed by Landlord’s own forces or by third-parties), improvements, general conditions, (ii) preparing the Plans, and any other plans required to complete the work, including all engineering and architectural fees, (iii) any fees in connection with obtaining the necessary permits for the construction of the Tenant Improvements and (iv) an additional sum equal to twelve percent (12%) of the Cost of Tenant Improvements included in items (i) and (iii), but not (ii), of this Section 3(a) to compensate Landlord for its overhead expense and supervision and for general conditions.
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Cost of Tenant Improvements shall have the meaning given such term in the Work Agreement.
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Related to Cost of Tenant Improvements

  • Tenant Improvements Defined in Exhibit B, if any.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Construction Work means any work in connection with⎯

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Base Building Work means the base building work for the Building as described in this Manual.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

  • Project Improvements means site improvements and facilities that are:

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Installation Work means the construction and installation of the System and the Start-up, testing and acceptance (but not the operation and maintenance) thereof; all performed by or for the Power Producer at the Premises.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;

  • Major renovation means the renovation of a building where:

  • Renovation means altering a facility or one or more facility components in any way, including the stripping or removal of RACM from a facility component. Operations in which load-supporting structural members are wrecked or taken out are demolitions.