Additional Improvement Allowance Clause Samples
The Additional Improvement Allowance clause provides tenants with extra funds, beyond the standard improvement allowance, to make further enhancements or modifications to leased premises. Typically, this clause outlines the amount of the additional allowance, the types of improvements it can be used for, and any conditions or approval processes required by the landlord. Its core practical function is to give tenants greater flexibility in customizing their space to better suit their operational needs, while also clearly defining the financial responsibilities and limits for both parties.
Additional Improvement Allowance. Tenant shall be entitled to a one-time improvement allowance (the “Additional Improvement Allowance”) in the aggregate amount of (i) $1,549,270.00, based on individual allowances of $55.00 per RSF of the Suite 3700 Premises and Suite 6700 Premises, $90.00 per RSF of the Suite 4700 Premises, and $50.00 per RSF of the Suite 6600 Premises, for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Additional Premises (the “Additional Improvements”). In addition (and not as part of the Additional Improvement Allowance), Landlord shall provide up to $0.15 per rentable square foot of the entire Additional Premises towards the cost of preliminary space plans for each portion of the Additional Premises (“Landlord’s Drawing Contribution”). Tenant may utilize any part of the Additional Premises Allowance in any portion of the Additional Premises. Landlord shall not be obligated to pay a total amount which exceeds the Additional Improvement Allowance and Landlord’s Drawing Contribution. Notwithstanding the foregoing or any contrary provision of the Lease, all Additional Improvements shall be deemed Landlord’s property under the terms of the Lease. Any unused portion of the Additional Premises Allowance remaining (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the fifteenth (15th) full calendar month following the Suite 6600 Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the “Outside Allowance Date”).
Additional Improvement Allowance. If Tenant contends that a Landlord Caused Delay has occurred, Tenant shall notify Landlord in writing (the “Delay Notice”) of the event which constitutes such Landlord Caused Delay. If the actions or inactions or circumstances described in the Delay Notice qualify as a Landlord Caused Delay, and are not cured by Landlord within one (1) business day after Landlord’s receipt of the Delay Notice, the Lease Commencement Date shall be delayed for the period by which substantial completion of the Tenant Improvements is actually delayed as a result of such Landlord Delay. To: Re: Lease dated , 20 between , a (“Landlord”), and , a (“Tenant”) concerning Suite on floor(s) of the building located at , California. Gentlemen: In accordance with the Lease (the “Lease”), we wish to advise you and/or confirm as follows:
Additional Improvement Allowance. In addition to the Tenant Improvement Allowance set forth in Section 2.1, above, Tenant shall be entitled to a one-time additional allowance, which may be requested periodically by Tenant for Tenant Improvements performed by Tenant from time to time prior to the second (2nd) anniversary of the full execution and delivery of this Lease, of up to $20.00 per RSF of the Premises (i.e., up to $838,320.00) (the “Additional Improvement Allowance”) to be used for the costs relating to the initial design and construction of the Tenant Improvements; provided, however, the Additional Improvement Allowance shall not be used for costs relating to moving or relocation expenses, data/cabling, Tenant Signage or any personal property,
Additional Improvement Allowance. Provided that Tenant utilizes the full Initial Improvement Allowance for Permitted Expenditures, Landlord agrees to provide to Tenant, an additional allowance of up to [***] per square foot of Rentable Area in the Premises (the “Additional Improvement Allowance”). Tenant may elect to receive the Additional Improvement Allowance by providing Landlord with written notice on or before November 1, 2005. In the event that Tenant elects to receive the Additional Improvement Allowance or any portion thereof, Landlord shall make such Additional Improvement Allowance available to Tenant in the same manner and for the same purposes as set forth for the Improvement Allowance in Section 2.02 above; provided that no portion of the Additional Improvement Allowance may be used as an offset against Base Rent. On the Rent Commencement Date, the monthly Base Rent payable by Tenant shall be increased by an amount sufficient to amortize the amount of the Additional Improvement Allowance funded (or to be funded by Landlord pursuant to pending draw requests) in equal monthly installments assuming an interest rate equal to the Adjustment Rate over one hundred thirty-two (132) months. In such event, Landlord and Tenant shall execute a lease amendment confirming the new Base Rent.
Additional Improvement Allowance. Up to a maximum of $20.00 per square foot of Rentable Area in the, as provided in Section 11.09. Initial Tenant Improvements: To be constructed by Landlord as set forth in Article 11. Exhibits: Exhibit A: Floor Plan of the Premises Exhibit B: Rules and Regulations Exhibit C: Rules and Regulations for Tenant Work Exhibit D: Tenant Work Insurance Schedule Exhibit E: Form of Term Commencement Date Agreement Exhibit F: Construction Documents Exhibit G: Environmental Substances Exhibit H: Plans and Specifications for Initial Tenant Improvements Exhibit I: Plan Showing Additional Space Exhibit J: Form of Letter of Credit
Additional Improvement Allowance. Pursuant to the terms of Section 2.2 of the Tenant Work Letter attached to the Lease, Tenant shall be entitled to a one-time additional allowance prior to the second (2nd) anniversary of the full execution and delivery of the Lease, of up to $20.00 per RSF of the Premises (i.e., up to $838,320.00) (the “Additional Improvement Allowance”). Notwithstanding any provision to the contrary contained in the Lease, Landlord and Tenant hereby acknowledge and agree that Tenant utilized Eight Hundred Thirty-eight Thousand, Three Hundred Twenty and 00/100 Dollars ($ 838,320.00) of the Additional Improvement Allowance.
Additional Improvement Allowance. Tenant has elected to utilize a one-time increase (the "Additional Expansion Improvement Allowance") of the Expansion Improvement Allowance in an amount equal to $352,125.00 (i.e., $25.00 per rentable square foot of the Expansion Premises), for the costs relating to the initial design and construction of the Expansion Improvements. Accordingly, the monthly Base Rent for the Expansion Premises has been increased, as set forth in Section 4.2 of this Second Amendment Above, by an amount equal to $4,182.31 per month of the Expansion Term. All references in this Work Letter to the "Expansion Improvement Allowance", shall be deemed to include the Additional Expansion Improvement Allowance (and accordingly the Expansion Allowance Deadline shall apply thereto).
Additional Improvement Allowance. Provided Tenant elects to remove and repair the stairway between the twenty-second and twenty-third floors of the Building (“Stairway Removal and Repair”) Landlord shall pay to Tenant the Twenty-second Floor Expansion Space Additional Improvement Allowance. Tenant shall provide Landlord with a contractor’s estimate of the cost of work to be performed on the Stairway Removal and Repair. Tenant shall request and draw the Twenty-second Floor Expansion Space Additional Improvement Allowance and Landlord shall pay such Allowance in the same manner as described in 2.11 above. In the event that Tenant’s expenditures for the Stairway Removal and Repair are less than the Twenty-second Floor Expansion Space Additional Improvement Allowance the remaining balance (after reimbursing Tenant for such expenditures) of the Twenty-second Floor Expansion Additional Space Improvement Allowance shall not be credited against Annual Rent next coming due under the Lease.
Additional Improvement Allowance. Tenant may, by written notice to Landlord delivered prior to the Commencement Date, increase the Improvement Allowance by up to five dollars ($5.00) per rentable square foot of the Premises (the “Additional Improvement Allowance”). If Tenant uses all or part of the Additional Improvement Allowance, then Basic Monthly Rent for each month of the Term shall increase by $0.02125 per rentable square foot of the Premises for each additional one dollar ($1.00) of the Additional Improvement Allowance that Landlord disburses to or on behalf of Tenant, or otherwise disburses in connection with the Leasehold Improvements.
Additional Improvement Allowance. Landlord shall make available to Tenant with an additional allowance of Twenty-Thousand Dollars ($20,000.00) to be used by Tenant for improvements to the Premises, in accordance with Article 9 of the Lease, prior to the expiration of the Lease Term. Upon Tenant's election to use any portion of such allowance, Tenant shall provide to Landlord documentation regarding the improvements made to the Premises, stating the itemized costs of such improvements. Landlord shall have a period of thirty (30) days from its receipt of Tenant's documentation to reimburse Tenant. Any unused portion of the Additional Improvement Allowance remaining at the end of the Lease Term shall be the property of the Landlord."
7. Section 5.1, paragraph 1 is hereby deleted in its entirety and the following is substituted in place thereof:
Section 5.1 Tenant shall pay to Landlord, on a per square foot basis, as Additional Rent, for each calendar year or fractional calendar year during the Term, the amount ("Tenant's Operating Costs Payment"), if any, that Tenant's Share of Operating Costs exceeds the Expense Stop. Tenant's Operating Costs Payment shall be calculated and paid as follows:"