Premises definition
Examples of Premises in a sentence
Landlord hereby leases the Premises to Tenant, and Tenant leases same from Landlord, for the Term.
Any further renovations, alterations or improvements in or to the Premises shall be performed in accordance with the provisions of the Lease at the Assignee’s expense, the Landlord remaining liable to perform only its repair and maintenance obligations as set forth in the Lease.
Furthermore, ▇▇▇▇▇▇▇▇ agrees to have electrical sub-meters measuring the electrical consumption in all of the premises of the Building save for the Leased Premises for which no sub-meters shall be installed.
At any time during the Term after December 31, 2022, Landlord shall have the right, upon a thirty (30) day prior written notice to that effect, to adjust the Electricity Provisional Installments and the Other Premises Electricity Costs, based on Landlord’s reasonable.estimate of the actual Tenant’s Electrical Costs and of the Other Premises Electricity Costs for the Lease Year in question.
For calendar year 2022, and as of January 1, 2022, the Other Premises Electricity Cost is estimated to TWO THOUSAND FIVE HUNDRED SIXTY DOLLARS ($2,560) per month, plus applicable taxes (the “Other Premises Electricity Cost”), subject to adjustments pursuant to Section 2.9.