Ownership of Alterations and Improvements Sample Clauses
The "Ownership of Alterations and Improvements" clause defines who holds the rights to any changes, additions, or upgrades made to a property during a lease or contractual relationship. Typically, this clause specifies whether such alterations become the property of the landlord or remain with the tenant, and may outline requirements for approval before making modifications. Its core function is to prevent disputes by clearly allocating ownership of improvements, ensuring both parties understand their rights and obligations regarding any enhancements made to the property.
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Ownership of Alterations and Improvements. Other than those leasehold improvements which are installed and become such a part of the Premises that they cannot be removed without substantial injury to the Premises, which improvements shall immediately become the property of the Port following installation, Concessionaire shall retain ownership of all furniture, trade fixtures and equipment from time to time installed in the Premises by Concessionaire at its expense (the “Removable Fixtures”). Concessionaire may remove any of the Removable Fixtures at any time during the term and shall remove all thereof prior to the expiration of the term. Any Removable Fixtures or other property of Concessionaire not removed at the expiration of the term shall, at the election of the Port, become the property of the Port without payment to Concessionaire, or be deemed abandoned and removed by the Port, at Concessionaire’s expense. Upon any removal of such property, Concessionaire shall promptly repair any and all damage to the Premises caused thereby and reimburse the Port for its costs and expenses in removing any such property not removed by Concessionaire and repairing any such damage not repaired by Concessionaire; this covenant shall survive the termination of this Agreement.
Ownership of Alterations and Improvements. In all cases of alterations, improvements, changes, accessories and the like that cannot be removed from the Property without destroying or otherwise deteriorating the Property or any surface thereof shall, upon creation, become the Landlord’s property without need for any further transfer, delivery or assignment thereof.
Ownership of Alterations and Improvements. In all cases of alterations, improvements, changes, accessories and the like that cannot be removed from the Premises without destroying or otherwise deteriorating the Premises or any surface thereof shall, upon creation, become the Lessor’s property without need for any further transfer, delivery or assignment thereof.
Ownership of Alterations and Improvements. Subject to Landlord's right to require their removal or to become the owner thereof as hereinafter provided in this Paragraph 10(d), all alterations and improvements made to the Premises by Tenant shall be the property of and owned by Tenant, but considered a part of the Premises. Landlord shall, at the time Tenant requests the right to make an alteration or improvement, elect in writing to Tenant to be the owner of all or any specified portion of the Tenant-owned alterations and improvements. Unless otherwise elected by Landlord as hereinafter set forth, all alterations and improvements shall, at the expiration or earlier termination of this Lease, become the property of Landlord and remain upon and be surrendered by Tenant with the Premises.
Ownership of Alterations and Improvements. All alterations, changes and improvements built or placed on the leased premises, with the exception of movable personal property, shall become the property of the Lessor and remain on the leased premises at the termination of this lease agreement.
Ownership of Alterations and Improvements. In all cases of alterations, improvements, changes, accessories and the like that cannot be removed from the Property without destroying or otherwise deteriorating the Property or any surface thereof shall, upon creation, become the City’s property without need for any further transfer, delivery, or assignment thereof.
Ownership of Alterations and Improvements. All alterations, changes and improvements built or placed on the leased premises, with the exception of Tenant’s movable personal property, shall become the property of the Landlord and remain on the leased premises at the termination of this lease agreement.