Tenant Expenditures Clause Samples
The Tenant Expenditures clause defines the types of costs and expenses that the tenant is responsible for under the lease agreement. Typically, this includes items such as utilities, maintenance, repairs, and sometimes property taxes or insurance, depending on the lease structure. By clearly outlining these financial obligations, the clause ensures both parties understand who bears which costs, thereby preventing disputes and promoting transparency in the landlord-tenant relationship.
Tenant Expenditures. Costs incurred by Tenant for (a) wiring and cabling of the Premises for telecommunication purposes, and (b) furniture, fixtures and equipment for the Premises.
Tenant Expenditures. Upon Landlord securing the Tenant Improvement ------------------- permit, as that term is defined in Section 3.7, and upon Landlord and Tenant's mutual approval of the Cost Proposal (as defined in Section 4.1 below) which approval shall not be unreasonably withheld or delayed, Landlord's and Tenant's respective share of the cost of the Tenant Improvements shall be determined in accordance with Section 2.1 above. Immediately upon such determination and Landlord providing Tenant reasonable adequate assurance of the availability of monies to fund the Landlord's Improvement Allowance pursuant to Section 2.1, Tenant shall deposit with Landlord its share of such Cost Proposal up to the sum of $2,000,000 and upon such sum being drawn down to $500,000, Tenant shall deposit additional monies with Landlord to insure Tenant's adequate "Tenant Improvement Deposits." The Tenant Improvement Deposits shall total the amount of all amounts, less Landlord's Improvement Allowance, to be disbursed by Landlord as set forth in this Work Letter for and related to Tenant Improvements in accordance with the Cost Proposal (as defined in Section 4.1). The Tenant Improvement Deposits shall be held in a separate account by Landlord with First Republic Bank and shall not be commingled with any other funds of Landlord. Upon exhaustion of Tenant's portion of the "Tenant Improvement Deposits", Landlord shall be responsible for and shall continue disbursement of Landlord's Improvement Allowance as described in Section 2.1 above. All interest earned on the Tenant Improvement Deposits shall be paid by Landlord to Tenant upon conclusion of and payment for the Tenant Improvements. Except as otherwise set forth in this Work Letter, the Tenant Improvement Deposits shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord's disbursement process) for costs related to the construction of the Tenant Improvements and for the following items and costs: (i) payment of the fees of the Architect and the Engineers (defined below), and payment of the actual fees incurred by, and the cost of documents and materials supplied by Landlord and Landlord's consultants in connection with the preparation and review of the Drawings (defined below); (ii) the cost of any changes in the Base, Shell and Core required by the Drawings (provided that any such changes are approved by Landlord in Landlord's sole discretion); (iii) the cost of any changes to the Drawings or Tenant Improvem...