Leasing Costs definition

Leasing Costs means, with respect to a particular Lease, all capital costs, expenses incurred for capital improvements, equipment, painting, decorating, partitioning and other items to satisfy the initial construction obligations of the landlord under such Lease (including any expenses incurred for architectural or engineering services in respect of the foregoing), “tenant allowancesin lieu of or as reimbursements for the foregoing items, payments made for purposes of satisfying or terminating the obligations of the tenant under such Lease to the landlord under another lease (i.e., lease buyout costs), relocation costs, temporary leasing costs, leasing commissions, brokerage commissions, legal, design and other professional fees and costs, in each case, to the extent the landlord is responsible for the payment of such cost or expense under the relevant Lease or any other agreement relating to such Lease.
Leasing Costs shall have the meaning set forth in Section 7.2.
Leasing Costs has the meaning ascribed to such term in Section 10.4(e).

Examples of Leasing Costs in a sentence

  • The Sellers shall be responsible for all Leasing Costs that are payable by reason of (i) the execution of an “Existing Lease” (i.e., a Lease existing as of the date of this Agreement) prior to the date of this Agreement, (ii) the renewal, extension, expansion of, or the exercise of any other option under, an Existing Lease, prior to the date of this Agreement, and (iii) amendments of an Existing Lease entered into prior to the date of this Agreement.

  • Pursuant to Section 10.7, the Sellers have agreed to either pay or credit the Buyer for all Leasing Costs payable under any Existing Leases under the circumstances described in the first sentence of Section 10.7, which Leasing Costs may include tenant allowance and construction costs.

  • Notwithstanding anything to the contrary, (a) the Buyer shall receive a credit at Closing for any unfunded contractual Leasing Costs and (b) the Sellers shall be responsible (and the Buyer shall not be responsible) for any leasing commissions or brokerage fees which become due and payable after the Closing pursuant to any leasing or brokerage agreement relating to the Properties, including the Leasing and Brokerage Agreements, except as specifically set forth in Section 3.3(g)(ii).

  • In addition, the Buyer shall assume the economic effect of any “free rent” or other concessions pertaining to the period from and after the Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing.

  • If, as of the Closing Date, the Sellers shall have paid any Leasing Costs for which the Buyer is responsible pursuant to the foregoing provisions, the Buyer shall reimburse the Sellers therefor at Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing.


More Definitions of Leasing Costs

Leasing Costs means any and all (i) tenant improvement allowances, move-in allowances, brokerage commissions, expenses incurred or to be incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the tenant's requirements for the commencement of the applicable lease, (ii) the cost of removal and/or abatement of asbestos or other hazards or toxic substances located in the demised space in violation of law and as required in order to satisfy the tenant's requirements for the commencement of the applicable lease, (iii) rent concessions as stated in the respective lease (and applicable lease documents) relating to the demised space provided the tenant has the right to take possession of such demised space during the period of such rent concessions, (iv) base building modifications required by the applicable lease, and (v) expenses incurred or to be incurred for the purpose of satisfying or terminating the obligations of a tenant to the landlord under another lease.
Leasing Costs means third party leasing commissions payable in connection with the Leases and the cost of tenant improvement work and tenant allowances which the landlord is required to pay or provide under the terms of the Leases.
Leasing Costs shall have the meaning set forth in Section 3.2(b)(vii).
Leasing Costs. Leasing Costs" means the costs incurred by PREA in connection with leasing the office space in the Building, including fees and commissions payable to real estate brokers, associated legal fees, and the amounts of any rent discounts or other leasing incentives offered to Tenants.
Leasing Costs means, collectively, (i) leasing or brokerage commissions, (ii) direct payments, tenant improvement allowances, work letters or free rent and (iii) rent allowances or rent credits, in each case paid or granted to a tenant under an Existing Lease or a New Lease.
Leasing Costs means all costs ------------- incurred by Landlord in leasing the space to Tenant for leasing commissions and attorneys' fees and expenses. As a condition to the effectiveness of Tenant's cancellation right, Tenant shall pay to Landlord prior to the cancellation date any past-due amounts then outstanding under the Lease. If Tenant fails timely to deliver the Cancellation Fee or the cancellation notice or is otherwise unable to exercise this cancellation option, then Tenant's right to cancel this Lease under this Section 27 shall expire; time is of the essence with respect thereto.
Leasing Costs has the meaning set forth in Section 3.2.7.