Final Occupancy Clause Samples
The Final Occupancy clause establishes the requirements and procedures for obtaining official approval for the use and habitation of a completed building or project. Typically, this clause outlines the necessary inspections, documentation, and compliance with local building codes that must be satisfied before an occupancy certificate is issued. For example, it may require the contractor to coordinate with municipal authorities to schedule final inspections and address any outstanding deficiencies. The core function of this clause is to ensure that the property is safe, compliant, and legally ready for occupancy, thereby protecting both the owner and occupants from potential risks associated with incomplete or non-compliant construction.
Final Occupancy. If applicable, final certificate(s) of occupancy covering the completed Project, or other written evidence that the applicable authorities of the City have approved the occupancy of the related Improvements.
Final Occupancy. Shall be defined as the substantial completion of all works and interior finishing of the industrial and office areas of the Improvements and all exterior and infrastructure Improvements to permit LESSEE to commence utilization of the LEASED PREMISES and all Improvements for the unencumbered conduct of its business, excluding non functional minor cosmetic items, or a punch list of items not to exceed 2% of the construction price of the improvements established pursuant to exhibit "B" hereto.
Final Occupancy. Shall be defined as the substantial completion of all works and interior finishing of the industrial and office areas, and all exterior and infrastructure of LESSOR's Improvements to permit LESSEE to commence utilization of the Leased Premises for the unencumbered conduct of its business, excluding a punch list of non-functional minor cosmetic items not to exceed a total construction cost of US$66,000.00 Dollars of the LESSOR's Improvements established pursuant to exhibit "B". In the event cost of construction of punch list exceed the amount of US$66,000.00 Dollars, the Final Occupancy date shall be deferred in accordance with Section 2.10. LESSOR agrees to complete all punch list items within 30 (thirty) days of the Final Occupancy Date. For purposes hereof, the Final Occupancy Date shall be the date on which LESSEE acknowledges the completion of LESSOR's Improvements, excluding the final punch list items listed above resulting from a walk-through and inspection of the Leased Premises by LESSEE's and LESSOR's representatives. Notwithstanding the foregoing, should there be a difference of opinion between the LESSEE and LESSOR regarding the Final Occupancy Date, the parties agree to make their best efforts to amicably resolve the dispute, and if the difference persists after 30 (thirty) days following the LESSOR's notice of completion of the LESSOR's Improvements, to submit said issue to the binding arbitration provided hereinbelow.
Final Occupancy. If applicable, final certificate(s) of occupancy covering the completed Alpine Valley Project, or other written evidence that the applicable governmental authorities of the City or County have approved the occupancy of the related Alpine Valley Improvements.
Final Occupancy. Shall be defined as (i) the substantial completion of all works and interior finishing of the manufacturing, industrial, and office areas of the Leased Premises pursuant to Lessor's Construction Obligations, (ii) all infrastructure to permit Lessee to commence (or, in the case of casualty or condemnation, re-commence) utilization of the Leased Premises in accordance with the Permitted Use (iii) Lessor's tendering (or, in the case of casualty or condemnation, retendering) of occupancy of the Leased Premises to Lessee, and (v) Lessee has given Lessor written notice of its acceptance (or, in the case of casualty or condemnation, reacceptance) of Lessor's Construction Obligations. Notwithstanding, Final Occupancy shall exclude minor cosmetic items, or a punch list of items not to exceed a total construction cost of US $100,000 Dollars of the Lessor's Construction Obligations. In the event such amount is in excess of US $100,000 Dollars, Lessee's obligation to pay any rent or other sum due to Lessor pursuant to this Agreement shall be waived until such sum is brought to an amount less than US $100,000.
Final Occupancy. Prior to final occupancy, the applicant shall supply the City of Castle Rock with proof of submission to FEMA for a Conditional Determination in the form of either a Conditional Letter of Map Revision based on Fill (CLOMR-F) or a Conditional Letter of Map Amendment (CLOMA) if natural grade is above the base flood elevation. Developers shall note that the CLOMR-F and CLOMA letters do not remove the Landing on the Cowlitz Infrastructure Engineering & Design Standards pg. 1 mandatory purchase of flood insurance requirements, it merely provides comment from FEMA on the proposed plan and does not revise or amend the NFIP map. Note, once the conditional determination has been issued by FEMA the developer may, at their own discretion, submit for a final determination in the form of either a Letter of Map Revision Based on Fill (LOMR-F) or Letter of Map Amendment (LOMA). Final determination from FEMA officially revises the current NFIP map to show changes to flood elevations of the property. Final determination is not a requirement of development; however, the developer shall note that the issuance of a LOMA or LOMR-F eliminates the federal flood insurance purchase requirements as a condition of federal or federally backed financing. However, mortgage lenders retain the prerogative to require flood insurance as a condition of providing financing, regardless of the location of a structure.
Final Occupancy. Understood as such date when LESSOR advises LESSEE, that LESSEE commence to possess the LEASED PREMISES as lessee subject only to punch list items which may be completed by LESSOR within a fifteen (15) calendar day term.The Industrial Facility will be ready for LESSEE’s final occupancy on or before the expiration of a thirty six (36) week term as from the date on which LESSOR begins the construction of the Industrial Facility after it has concluded the grading, compaction and leveling of the Lots.
Final Occupancy. Shall be defined as the substantial completion of all works and interior finishing of the industrial and office areas of the Improvements and all exterior and infrastructure Improvements to permit LESSEES to commence utilization of the Leased Premises and all Improvements of the unencumbered conduct of its business, excluding non functional minor cosmetic items, or a punch list of items not to exceed a total construction cost of US $50,000.00Dollars of the Improvements established pursuant to Exhibit D. In the event cost of construction of punch list items exceed the amount of US$50,000.00 Dollars, final occupancy date shall be deferred in accordance with following Section 2.8.