Tenant Concession definition

Tenant Concession means any agreement or undertaking by any Former Landlord which is provided to Tenant or any affiliate of Tenant in connection with the execution by Tenant of the Lease or the occupancy by Tenant of Tenant’s Premises and which is not expressly set forth in the Lease, including free or reduced rent, early termination rights or options, assumption of any other lease obligations of Tenant or any affiliate of Tenant relating to property other than Landlord’s Premises, payment of moving or relocation costs, construction or installation of improvements to or alterations of Tenant’s Premises or Landlord’s Premises or the premises of any affiliate of Tenant, or any other economic, financial or contractual benefit to Tenant or any affiliate of Tenant of any type or nature that is provided by Landlord as an inducement to Tenant to enter into the Lease or to commence Tenant’s occupancy of Tenant’s Premises.
Tenant Concession. A “Tenant Concession” means any agreement or undertaking by any Former Landlord which is provided to Tenant or any affiliate of Tenant in connection with the execution by Tenant of the Lease or the occupancy by Tenant of Tenant's Premises and which is not expressly set forth in the Lease, including free or reduced rent, early termination rights or options, assumption of any other lease obligations of Tenant or any affiliate of Tenant relating to property other than Landlord's Premises, payment of moving or relocation costs, construction or installation of improvements to or alterations of Tenant's Premises or Landlord's Premises or the premises of any affiliate of Tenant, or any other economic, financial or contractual benefit to Tenant or any affiliate of Tenant of any type or nature that is provided by Landlord as an inducement to Tenant to enter into the Lease or to commence Tenant's occupancy of Tenant's Premises. 1.9
Tenant Concession means any (a) out-of-pocket payment required under a Lease to be paid by the landlord to or for the benefit of the tenant that is in the nature of a tenant inducement, including tenant improvement costs, lease buyout payments, and moving, design and refurbishment allowances and costs, (b) commission obligations respecting any Lease (other than with respect to unexercised expansion, renewal or extension options or rights), and (c) loss of income resulting from any free rental period. "Tenant Concessions" also includes the Existing Unpaid Tenant Concessions.

Examples of Tenant Concession in a sentence

  • A “Successor Landlord” means any party that becomes owner of Landlord's Premises as the result of a Foreclosure Event.1.8 Tenant Concession.

  • ATM density varies widely by governorate, with the highest results observed for Aqaba and Amman23.

  • The Commission Concession Agreements to Tenant and the Tenant Concession Agreements from the Commission, the premises described in Exhibit “A” attached hereto and incorporated herein by reference.

  • TENANT CONCESSIONS and LEASING COMMISSIONS (1) Q2 2003 Q1 2003 2002 2001 2000 Renewals (2)Number of Leases 3 4 17 12 13Square Feet20,24375,439301,767390,228121,958Tenant Concession Costs per Square Foot$ 4.40$ 39.93$ 1.41$ 1.13$ -Leasing Commission Costs per Square Foot (5)0.531.775.091.672.37Total Tenant Concession and Leasing Commission Costs per Square Foot$ 4.93$ 41.70$ 6.50$ 2.80$ 2.37 New / Modified Leases (3) Number of Leases16 (1) Based on leases executed during the period.

  • Slip Rent Permanent$3,835,321$3,855,825101%$3,955,0004002 Slip Rent Visitors$105,000$80,00076%$85,0004003 Annual Slip Rent Discount0($2,000)n/a($1,000)4006 Tenant Concession Rent$1,250,000$1,420,000114%$1,400,0004008 Misc.


More Definitions of Tenant Concession

Tenant Concession means either (i) a tenant improvement allowance paid from Developer to a tenant of space within the Shopping Center, or (ii) a credit against rent afforded by Developer to a tenant of space within the Shopping Center, and in either case, which is paid or credited pursuant to a specific provision in a written lease with such tenant, and which is specifically designated for such tenant to make renovations and capital improvements to its leased space within the Shopping Center. 5 For example, a Pottery Barn store would not be deemed to be a Related Business to a Pottery Barn Kids store, and a Gap Store would not be deemed to be a Related Business to a Gap Kids store. But, a Walmart Market would be deemed a Related Business to a Walmart Supercenter because they sell the same types of goods to the same customer base.

Related to Tenant Concession

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • the Premises means the building or part of the building booked and referred to in the contract

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • the Building means any building of which the Property forms part.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Landlord shall have the meaning given such term in the preambles to this Agreement and shall also include their respective permitted successors and assigns.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Authority’s Premises means any premises occupied by or under the control of the Authority where the Services are to be supplied, as set out in the Specification.

  • Occupant means any person or persons over the age of eighteen years in possession of the property.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Outbuilding means and refer to structures such as (by way of example and not limitation) storage buildings, sheds, greenhouses, gazebos and other Roofed Structures.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.