Definition of Landlord Improvement Costs


Landlord Improvement Costs means the total out-of-pocket expense paid by the Landlord to acquire the Property, prepare the Property for the Tenants occupancy, and otherwise complete the Standard Improvements.

Examples of Landlord Improvement Costs in a sentence

Landlord shall pay all Landlord Improvement Costs up to the Base Landlord Improvement Costs.
The one hundred eighty day period for Tenant 3 4 to audit the Landlord Improvement Costs shall not commence to run until Landlord has completed all punch list work and has paid in full all contractors, subcontractors and suppliers and has updated and delivered to Tenant "its final and detailed accounting".
The monthly Base Rent due from Tenant shall be $28,849.37, which is an amount equal to ten percent (10%) of the total Landlord Improvement Costs as of the Effective Date divided by twelve (12).
The monthly Base Rent due from Tenant shall be $7,957.19, which is an amount equal to ten percent (l 0%) of the total Landlord Improvement Costs as of the Effective Date divided by twelve (12).
The term "Base Landlord Improvement Costs" shall mean Thirty-Six Dollars Forty Cents ($36.40) per square foot multiplied by the Building Area (as determined pursuant to Paragraph 4.B of the Lease).