Preparation of the Premises Clause Examples
The "Preparation of the Premises" clause outlines the responsibilities and requirements for readying a property before it is occupied or used by a tenant, contractor, or other party. Typically, this clause specifies which party must perform tasks such as cleaning, making repairs, ensuring utilities are operational, or completing any necessary modifications to meet agreed standards. For example, a landlord may be required to repaint walls, repair fixtures, or ensure compliance with safety codes before handing over the premises. The core function of this clause is to ensure that the premises are in an appropriate and agreed-upon condition at the start of occupancy or use, thereby preventing disputes and clarifying expectations between the parties.
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Preparation of the Premises.ĚýLandlord shall exercise all reasonable efforts to complete the work specified on the plans and specifications prepared by Newbury Design Associates and dated March 21, 2000 Revision 1 (the "Plans") by May 15, 2000, respecting the construction of approximately 4,000 square feet of office space (the "Office Space") within the Premises, and which shall also include warehouse lighting and power distribution (the "Warehouse Space") (such work to be performed by Landlord respecting the Office Space and the Warehouse Space are hereinafter collectively referred to as "Landlord's Work"), but Tenant shall have no claim against Landlord for failure so to complete Landlord's Work except the right to terminate this Lease in accordance with Section 3.2 above. Tenant agrees that Landlord may make any changes in Landlord's Work, upon prior written notice to Tenant for insubstantial changes and with the approval of Tenant (which approval may be withheld in Tenant's sole discretion) for substantial changes. Landlord shall provide Tenant with an allowance ("Landlord's Contribution") of up to a maximum total amount of $230,000 for the performance of Landlord's Work not more than $130,000 of which shall be for construction of the Office Space, and not more than $100,000 of which shall be for work related to the Warehouse Space, and Tenant shall not be liable for any cost of Landlord's Work to the extent that the total cost thereof is less than or equal to Landlord's Contribution. Landlord's contractor shall provide Tenant with an "open book" estimate of the cost of Landlord's Work. To the extent that the cost of Landlord's Work exceeds Landlord's Contribution, or to the extent that work related to the Office Space or the Warehouse Space exceeds the amounts of Landlord's Contribution allocated to the Office Space or Warehouse Space, as the case may be, Tenant shall pay the cost of such excess within thirty (30) days of Landlord's notice to Tenant of such excess cost, which notice shall be accompanied with copies of invoices respecting such additional costs, and a certification from Landlord's architect that the Landlord's Work has been completed substantially in accordance with the Plans. For purposes of this Section, "cost" shall be the actual cost to Landlord of performing Landlord's Work including, without limitation, all architectural and engineering fees and expenses and all contractor charges for the cost of work and materials, profit, general conditions and overhead and ...
Preparation of the Premises.ĚýLandlord's Work. Landlord shall perform Landlord's Work as set forth in Exhibit C. All other work must be of a quality equal to or better than the Building Standard. If Landlord further agrees to do, at Tenant's request, any Special Work, Landlord shall advise Tenant of the Tenant's cost, and after Tenant's approval and prior to Landlord's performance of the Special work, (the parties may mutually agree to a payment schedule) Tenant shall pay the amount of Tenant's Cost to Landlord.
Preparation of the Premises.ĚýExcept for the work to be performed by Landlord as expressly set forth and described in EXHIBIT I hereto ("Base Building Work"), the Premises shall be delivered to and accepted by Tenant "as is," in their then state of construction, finish and decoration, without any additional obligation on the part of Landlord to prepare or construct the Premises for Tenant's occupancy. Tenant acknowledges that the Premises are to be delivered in so-called "shell" condition and substantial work must be performed by Tenant before the Premises can be occupied by Tenant for the conduct of its business. All of such work necessary to prepare the Premises for Tenant's occupancy shall be performed by Tenant in accordance with the provisions of EXHIBIT C hereto including the obligation to obtain an amendment to the certificate of occupancy for the Building allowing occupancy and use of the Premises. Landlord shall cooperate with Tenant in its application for any certificate of occupancy including prompt execution of any necessary applications therefor or filings in connection therewith requested reasonably by Tenant. Notwithstanding the foregoing, Section 5.2(a) of this Lease and the provisions of this Lease setting forth Tenant's insurance obligations (i.e., Sections 10.2 and 10.3) shall not apply during the performance of Tenant's Work and such matters shall, during such time, be governed by the applicable provisions of EXHIBIT C hereto.
Preparation of the Premises.Ěý(a) Landlord and Tenant have selected Xxxx --------------------------- Xxxxxxxx and Associates (the "Contractor") as the contractor to construct Landlord's Work. Promptly after Landlord's approval of Tenant's Plans, Landlord shall enter into a construction contract (the "Construction Contract") with the Contractor and shall cause the Contractor to commence construction of Landlord's Work and to diligently prosecute to completion the construction of Landlord's Work so as to prepare the Premises for Tenant's Occupancy on or prior to December 1, 1996, but Tenant shall have no claim against Landlord for failure so to complete Landlord's Work by such date, nor shall such failure affect the validity of this Lease. Landlord's Work shall be performed in a good and workmanlike manner. Landlord agrees not to enter into a construction contract with a price in excess of $1,500,000.00 without the prior written consent of Tenant, which consent shall not be unreasonably withheld or delayed. In addition, Landlord agrees not to modify Landlord's Work without the prior written consent of Tenant (which consent shall not be unreasonably withheld or delayed) if, as a result of such modification, there shall be an increase in the Total Construction Cost (as defined below). Tenant shall have the right to inspect the progress of Landlord's Work to determine if such work is being performed in accordance with the requirements of the Lease and this Agreement. Any entry by Tenant pursuant to the preceding sentence shall be at the sole risk of Tenant.
Preparation of the Premises.Ěý(a) Tenant acknowledges that it has inspected the Premises, that Landlord has made no representations or warranties whatsoever respecting the condition thereof or otherwise and that, except as may be expressly provided to the contrary in the Work Schedule, Landlord has no obligation or duty to make any alterations, improvements or repairs whatsoever in and to the Premises to make same ready for Tenant's use and occupancy and Tenant takes and accepts the Premises in their present "as is" condition. By occupying the Premises, Tenant shall be deemed conclusively to have accepted the Premises as complying fully with Landlord's covenants and obligations.
(b) Initial improvements to the Premises, if any, shall be governed by the Work Schedule.
(c) If the installation of improvements in the Premises causes an increase in the ad valorem taxes levied or assessed on the Building, Tenant shall reimburse any such increase to Landlord within thirty (30) days following written demand by Landlord as contemplated by Section 3.4(c).
(d) Within thirty (30) days after the Commencement Date, Tenant will execute and deliver to Landlord the Commencement Date Agreement.
Preparation of the Premises.ĚýTenant shall accept the Premises in its "as is" condition as of the Term Commencement Date, and Landlord shall have no obligation to perform any work or construction to prepare the Premises for Tenant, except as defined in â€�Exhibit Câ€�.
Preparation of the Premises.ĚýLESSEE shall have prepared, at its sole cost and expense, plans, ("LESSEE'S Plans") for improvements to be made in the Premises and adjacent areas of the Building to prepare the Premises for LESSEE'S occupancy. Upon completion of LESSEE'S Plans, LESSEE shall submit the same to LESSOR for LESSOR'S approval, which approval shall not be unreasonably delayed or withheld. To the extent that LESSOR does not disapprove LESSEE'S Plans in writing, and provide specific remedies that will make LESSEE' Plans acceptable, within five (5) Business Days after submission of the same by LESSEE, LESSOR shall be conclusively deemed to have approved LESSEE'S Plans. Promptly after approval of LESSEE'S Plans, LESSOR shall exercise all reasonable efforts to complete, at its sole cost and expense the work specified in LESSEE'S Plans. The work shall collectively be referred to as "LESSOR'S Work." LESSEE shall have no claim against LESSOR for failure so to complete such work.
Preparation of the Premises.ĚýLESSOR’S WORKS
Preparation of the Premises.Ěý(a) Landlord shall construct the improvements to the Premises shown and described in the â€�Space Planâ€� attached hereto as Exhibit E, using building standard materials and installations except as may be otherwise expressly specified in the Space Plan. Landlord shall cause an architect licensed in the State of New York to prepare drawings and specifications (collectively, the “Plansâ€�) for said improvements sufficient to enable Landlord’s contractor to construct said improvements. Landlord’s Plans shall be delivered to Tenant for its approval, which approval shall be given unless there are errors or omissions in the Plans. Tenant shall have seven
Preparation of the Premises.ĚýAs Is Condition. Tenant is presently in occupancy of the Premises as a Sublessee of a third party and the Premises are hereby demised to Tenant in their present "as is, where is" condition with all faults and without representation or warranty by Landlord of any kind, name or nature. In no event shall Landlord be required to make or pay for any work, alterations or improvements in connection with Tenant's use and occupancy of the Premises.