PREMISES REMAINING Clause Samples
The "Premises Remaining" clause defines which portions of a leased property the tenant will continue to occupy or have rights to after a partial termination, surrender, or modification of the lease. In practice, this clause specifies the exact areas—such as certain floors, suites, or square footage—that are excluded from the termination or change, ensuring both parties are clear on what space remains under the tenant's control. Its core function is to prevent disputes by clearly delineating the boundaries of the premises that are still subject to the lease, thereby ensuring clarity and avoiding misunderstandings about the tenant's ongoing rights and obligations.
PREMISES REMAINING. If Tenant does not terminate this Lease in accordance with the foregoing, Landlord, at its expense, shall restore the improvements to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Rent shall be reduced in the proportion that the floor area of the Premises taken bears to the total floor area of the original Premises. Any award for the taking of all or any part of the Premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the property of Landlord, whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Tenant shall be entitled to any award for loss
PREMISES REMAINING. If Lessor or Lessee do not terminate this Lease in accordance with the foregoing, Lessor, at its expense, shall restore the improvements to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Base Rent, Additional Rent and all other sums payable to Lessor under this Lease shall be reduced in the proportion that the floor area taken bears to the total floor area of the building situated on the Premises.
PREMISES REMAINING. If Tenant does not terminate this Lease in accordance with the foregoing, Landlord, at its expense, shall restore the improvements with reasonable diligence to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the premises remaining, except that the rent shall be reduced in the proportion that the floor area of the premises taken bears to the total floor area of the original premises. Any award for the taking of all or any part of the premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the property of the Landlord, whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Tenant shall se entitled to any award for loss or damage to Tenant's trade fixtures, leasehold estate, removable personal property, equipment and improvements which were made by Tenant.
PREMISES REMAINING. If Lessor or Lessee does not terminate this Lease in accordance with the foregoing, Lessor, at its expense, shall restore the improvements to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the rent shall be reduced in the proportion that the floor area taken bears to the total floor area of the building situated on the Premises. Any award for the taking of all or any part of the Premises under the power shall be the property of Lessor, whether such award shall be made as compensation for diminution in value of the Leasehold or for the taking of the fee, or as severance damages; provided however, the Lessee shall be entitled to any award for loss or damage to Lessee’s trade fixtures and removable personal property