SURRENDER OF LEASED PREMISES definition

SURRENDER OF LEASED PREMISES. ADDITIONS, ALTERATIONS AND MODIFICATIONS: At the expiration of the lease term or any extensions or renewals of this Lease Agreement, Tenant agrees to surrender possession of the Leased Premises to Landlord in as good a state of repair and condition as at the date of initial possession hereunder by Tenant, reasonable wear and tear alone excepted. Reasonable wear and tear is limited to that which is normal for a quality office/warehouse facility and is further defined on Exhibit "B" annexed herein. Tenant shall make no additions, alterations or modifications to the Leased Premises (including painting of the interior walls and floors of the Project) without the prior written consent of the Landlord, and Landlord may require Tenant to submit written plans and specifications for its approval. All additions, alterations or modifications made to the Leased Premises by the Tenant (after obtaining Landlord's written consent) shall be made at the sole cost and expense of Tenant. All additions, alterations and modifications shall, at the time of installation, become the sole property of the Landlord and shall be left as a part of the Leased Premises at the end of the term of this Lease Agreement Provided, however, Landlord shall have the right at the end of the lease term to require the Tenant to remove any or all improvements made to the Leased Premises and restore the Leased Premises to the condition it was in at the beginning of the lease term, reasonable wear and tear alone excepted. Such removal and restoration, if required, shall be made at the sole cost and expense of the Tenant. Tenant shall, at the end of this Lease Agreement, have the right to remove any trade fixtures from the Lease Premises which have not been affixed to the Leased Premises so as to become a part of the realty. However, any damage caused to the Project in removing said trade fixtures shall be repaired at the sole cost and expense of the Tenant.
Sample 1

Examples of SURRENDER OF LEASED PREMISES in a sentence

  • SURRENDER OF LEASED PREMISES...................................................................

  • SURRENDER OF LEASED PREMISES.................................................................

  • SURRENDER OF LEASED PREMISES: ADDITIONS, ALTERATIONS AND MODIFICATIONS: At the expiration of the lease term or any extensions or renewals of this Lease Agreement, Tenant agrees to surrender possession of the Leased Premises to Landlord in as good a state of repair and condition as at the date of initial possession hereunder by Tenant, reasonable wear and tear alone excepted.

Related to SURRENDER OF LEASED PREMISES

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • the Building means any building of which the Property forms part.

  • Premises means the location where the Services are to be supplied, as set out in the Specification.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

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

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.