Trade Fixtures and Leasehold Improvements Clause Samples

Trade Fixtures and Leasehold Improvements. (a) The Tenant will own and install at the Property and keep in good order and condition, free from liens, encumbrances or rights of third parties, only Trade Fixtures of first-class quality. During the Term, should the Tenant desire to remove Trade Fixtures with a value of $100,000 or greater (based on the value of the Trade Fixtures at the date such Trade Fixtures were originally installed) over the course of a short period of time, the Tenant shall notify the Landlord in writing at least three (3) Business Days prior to such removal and shall in such notice advise the Landlord of the purpose of the removal. Any removal of Trade Fixtures shall be completed at the Tenant’s sole cost and expense and the Tenant shall make good any damage caused to the Property by such removal. (b) All Leasehold Improvements, whether placed there by the Tenant or the Landlord, shall be the Landlord’s property without compensation to the Tenant. No Leasehold Improvements shall be removed from the Property during the Term without the Landlord’s prior written consent, acting reasonably. The Landlord agrees that it would be unreasonable to deny consent if the Tenant, acting reasonably, determines that the applicable Leasehold Improvements have become excess for the Tenant’s purposes and/or the Tenant covenants to install new and similar Leasehold Improvements in substitution for the applicable Leasehold Improvements. Notwithstanding the foregoing, the Landlord will not be required to consent if the Tenant is default under this Lease. (c) During the Term, should the Tenant desire to add Leasehold Improvements to the Property, the Tenant shall notify the Landlord in writing: (i) advising of such proposed addition of Leasehold Improvements; and (ii) the purpose of the additional Leasehold Improvements. On or before three (3) Business Days of receipt of such notice, the Landlord will advise the Tenant in writing whether the proposed Leasehold Improvements must be removed by the Tenant upon the expiration or early termination of the Term, in which case the additional Leasehold Improvements will be deemed to be “New Leasehold Improvements” for purposes of Subsection 9.6(a) or whether the Landlord agrees that such proposed Leasehold Improvements may remain upon the expiration or early termination of the Term, in which case the additional Leasehold Improvements will be deemed to be “Original Leasehold Improvements” for purposes of Subsection 9.6(a) or some combination thereof. Should th...

Trade Fixtures and Leasehold Improvements. 11 5.1 Trade Fixtures............................................ 11 5.2

Trade Fixtures and Leasehold Improvements. 5.1 Trade Fixtures: Throughout the Lease Term, Tenant shall provide, install, and maintain in good condition all Trade Fixtures in the Leased Premises. All Trade Fixtures shall remain Tenant’s property. 5.2 Leasehold Improvements: Tenant shall not construct any Leasehold Improvements (as defined in Section 16.9D below) or otherwise alter the Leased Premises without Landlord’s prior approval if the cost of any particular Leasehold Improvement project exceeds One Hundred Fifty Thousand Dollars ($150,000.00), or such work affects the structural parts of the Building, the Building systems (i.e., electrical, plumbing, HVAC, etc.), or the exterior of the Building, or such work is visible from the exterior of the Building and would have a material and adverse impact on the visual aesthetics of the Building (provided, however, that Landlord’s approval shall not be required for Leasehold Improvements that are solely cosmetic in nature, such as painting or replacement of carpeting (“Cosmetic Improvements”), regardless

Trade Fixtures and Leasehold Improvements. 5.1 Trade Fixtures 9 5.2 Leasehold Improvements 9 5.3 Alterations Required by Law 10 5.4 Landlord’s Improvements 10 5.5 Liens 10

Trade Fixtures and Leasehold Improvements. 9 5.1. Trade Fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 5.2. Leasehold Improvements . . . . . . . . . . . . . . . . . . . . . . . 9 5.3. Alterations Required by Law. . . . . . . . . . . . . . . . . . . . . 10 5.4. Landlord's Improvements. . . . . . . . . . . . . . . . . . . . . . . 11 5.5. Liens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 5.6. Modifications to the Premises. . . . . . . . . . . . . . . . . . . . 11

Trade Fixtures and Leasehold Improvements