Definition of Tenant Concessions


Tenant Concessions means any out-of-pocket payments required under the Leases to be paid by the landlord to or for the benefit of the tenants which is in the nature of a tenant inducement, including specifically, but without limitation, tenant improvement costs, lease buyout payments, and moving, design, and refurbishment allowances and costs. The term "Tenant Concessions" does not include loss of income resulting from any free rental period, it being understood and agreed that Seller bears the loss resulting from any free rental period until the Closing Date and that Purchaser bears such loss from and after the Closing Date.
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Examples of Tenant Concessions in a sentence

For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, tenant improvement allowances and work, moving allowances, and lease takeovers.
The unamortized Tenant Concessions shall be the amount of Tenant Concessions so remaining at the time of any such termination of this Lease.
For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, "free rent", tenant improvement allowances and work, moving allowances, and lease takeovers.
Except as expressly set forth in the Lease, Tenant has made no agreements with Landlord, and Landlord has made no commitments to Tenant, for the provision of any Tenant Concessions to or for the benefit of Tenant or any affiliate of Tenant.7.10 Advice of Counsel.
Landlord and Tenant hereby agree that the Cash Allowance is part of the Tenant Concessions and shall be amortized over a period of five (5) years from the Commencement Date of this Lease.