Upfit Cost Clause Samples

Upfit Cost. In consideration of the work to be performed by Landlord per Section 1(a1) of this lease and detailed in Exhibit A, Tenant shall pay to Landlord a lump sum of $8,400.00 within thirty (30) days of satisfactory completion of the work.

Upfit Cost. In consideration of the upfit to be performed by Landlord per Section 1(a1) of this lease and detailed in Exhibit A, Tenant shall pay to Landlord $5,184.60 in monthly installments during each month of the six year term of this lease, not including the Short Month, and such payment shall be due on the first day of the month. The Tenant has established a lease upfit contingency to cover matters that may result from Tenant requested change orders necessary for the upfit. The Landlord shall notify and request in writing to the Tenant any amount from the lease upfit contingency necessary to complete any such change orders requested. Within three (3) business days of Landlord’s notification, Tenant shall deny or approve in writing the Landlord’s request for use of the lease upfit contingency and if Tenant fails to respond within three (3) business days the request shall be deemed denied. The Landlord’s Contractor shall not proceed with any change order work without written authorization from the Tenant. Any approved lease contingency upfit funding shall be paid to the Landlord in a lump sum payment within 30 days of the Date of Commencement as defined in Section 1(b)(1) of this lease.

Upfit Cost. In consideration of the upfit to be performed by Landlord per Section 1(a1) of this lease and detailed in Exhibit A, Tenant shall pay to Landlord monthly installments of $9,973.01 during each month of the six year term of this lease, not including the short month. In the event the Tenant chooses to extend this lease as allowed by this lease, Tenant shall pay an upfit rent during each month of said extension term in the amount of $828.34, comprised of $450.17 for elevator depreciation and $378.17 for HVAC depreciation. The Tenant has established a lease upfit contingency to cover matters that may result from Tenant requested change orders necessary for the upfit. The Landlord shall notify and request in writing to the Tenant any amount from the lease upfit contingency necessary to complete any such change orders requested. The Tenant shall deny or approve in writing the Landlord’s request for use of the lease upfit contingency. The Landlord’s Contractor shall not proceed with any change order work without written authorization from the Tenant. Any approved lease contingency upfit funding shall be paid to the Landlord in a lump sum payment within 30 days after the Date of Commencement as defined in Section 1(b)(1) of this lease, or 30 days after the contingency upfit work has been completed, whichever is later.