Tenant allowances definition

Tenant allowances tenant concessions", work letter payments, and other costs or expenses (including permit, license and inspection fees) incurred in completing, fixturing, furnishing, renovating or otherwise improving, decorating or redecorating space for tenants or other occupants of the Project, or vacant, leasable space in the Project, including space planning/interior design fees for same;

Tenant allowances means tenant improvements paid or reimbursed through allowances to or credit against rent only by a Tenant pursuant to such Tenant’s Lease.

Tenant allowances means, with respect to Leases executed after the Closing Date (a) moving expenses of the Tenant not to exceed three dollars ($3.00) per square foot of rentable space to be leased by such Tenant under the Lease and (b) buyout payments to a Tenant to pay or reimburse such Tenant for amounts required to be paid to the landlord of the space which was leased and surrendered by such Tenant for terminating such lease prior to its stated expiration date, provided that such moving expenses and buyout payments are commercially reasonable and customary for the area in which the particular Property is located.

Examples of Tenant allowances in a sentence

• To Seller’s Knowledge, as of the Effective Date: (i) Seller has not received written notice in accordance with requirements of the applicable Lease from any Tenant that such Tenant is terminating its Lease, vacating its premises, or filing for bankruptcy, other than as listed on Schedule 8.1(f)(i); and (ii) Seller has paid all Tenant allowances and commissions for the current lease terms and demised premises under all Leases, other than as listed on Schedule 8.1(f)(ii).

• For the avoidance of doubt, Seller makes no representation or warranty with respect to any Tenant allowances or commissions that may be due and owing upon an extension, renewal or expansion of an existing Lease as stated in such Lease or in any extension, renewal or expansion amendment to such Lease.

• Tenant allowances are recovered through minimum rents from the tenants over the term of the lease.

• Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which approximates the useful lives of the assets.

• Tenant allowances and concessions and unpaid leasing commissions for leases entered into prior to the Closing Date will be adjusted and prorated so as to provide that Seller is responsible for all such matters.

More Definitions of Tenant allowances

Tenant allowances. The term "Tenant Allowances" shall mean all tenant improvement expenses (including all hard and soft construction costs, whether payable to the contractor or to the tenant), tenant allowances, moving expenses and other out-of-pocket costs incurred by the landlord of the Unit in connection with the leasing of space in the Unit.

Tenant allowances means all tenant improvement expenses (including all hard and soft construction costs, whether payable to the contractor or to the tenant), tenant allowances, moving expenses and other out-of-pocket costs incurred by the landlord of the Unit in connection with the leasing of space in the Unit.

Tenant allowances means tenant improvement allowances, tenant relocation costs, space planning allowances and any other costs associated with preparing or fitting out space within the Retail Units for tenant occupancy which are not costs of Tenant Improvements or Leasing Commissions.

Tenant allowances means, with respect to any Property, allowances payable by the applicable Property Owner to a Tenant of such Property (or to contractors on behalf of such Tenant) under an Approved Lease to compensate such Tenant for completed Approved Tenant Improvements.

Tenant allowances and in respect of that portion of the Loan Budget Amount for "Major/Anchor Allowances" attributable to Saks, and (b) no proceeds of the Loan shall be advanced to Borrower subsequent to the fourth anniversary of the date hereof, other than in respect of that portion of the Loan Budget Amount for "Major/Anchor Allowances" attributable to Saks.

Tenant allowances means Tenant Improvements paid or reimbursed through allowances to a Tenant pursuant to such Tenant’s Lease.

Tenant allowances means all tenant improvement costs to be paid by the Company or the Subsidiaries and all cash allowances to tenants for tenant improvements and rent abatements.