Tenant Concessions means, with respect to this Lease or the applicable Comparable, (i) rent concessions, rent abatements, free rent, or similar rent relief thereunder, and (ii) all costs incurred by the landlord thereunder to provide tenant improvements, pay legal fees and space planning fees, pay leasing commissions, assume existing lease obligations (after netting out the reasonable projected recovery thereon), pay moving expenses for the tenant and make any other payments to or for the benefit of the tenant thereunder. The Market Renewal Rate shall be established by reference to the market rental rate for the relevant Comparables. In considering Comparables, lease renewals shall be given greater consideration than new leases. The Market Renewal Rate shall be adjusted to take into account appropriate factors such as (i) any differences in loss factors used in determining the rentable areas of the leased premises of the Comparables considered and the subject portions of the Premises, (ii) any differences in the length of the term of the Comparables considered and the Renewal Term; (iii) any difference between the height of the Comparables within the applicable Comparable Buildings and that of the subject portions of the Premises in the Building, and (iv) any material variances between the definitions of Taxes and Operating Costs under this Lease and the definitions of taxes and operating costs with respect to any of the Comparable Buildings.
Tenant Concessions means, with respect to any lease, (i) rent concessions, rent abatements, free rent periods, or similar rent relief thereunder and (ii) all costs incurred by the landlord thereunder to construct tenant improvements or any allowances therefor, pay leasing commissions and make any other payments, including without limitation reimbursement for rents at prior locations, to or solely for the benefit of the tenant thereunder.
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 Property Owner bears the loss resulting from any free rental period until the Closing Date and that the Acquiring Entity (as hereinafter defined) bears such loss from and after the Closing Date.
Examples of Tenant Concessions in a sentence
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.
Average Tenant Concessions in Top U.S. Markets, Q4 2012 Source: Studley Office Market and Spacedata Report, Studley, Q1 2013.
For purposes of the preceding sentence, the term "Tenant Concessions" shall include, without limitation, so-called free rent, tenant improvement allowances and work, moving allowances, and lease takeovers.
For purposes of this paragraph, Tenant Concessions shall be amortized over a five (5) year period from the Commencement Date of the Term.
For purposes of this paragraph, Tenant Concessions shall be amortized over the Term in equal monthly amounts.
More Definitions of Tenant Concessions
Tenant Concessions means any tenant concessions, rent or other economic concessions (or other economic inducements or non-cash incentives to enter into, renew, amend or modify a Lease), including, without limitation, the issuance or give away of any gift cards or electronics (e.g., iPads, Apple Watches, etc.) made or issued or given to a tenant in connection with the execution of a new Lese or a renewal of a Lease.
Tenant Concessions shall include, without limitation, so-called free rent, tenant improvement allowances, and other tenant inducements, taking into account the value of the existing improvements in the Premises, based on the age, quality and layout of the improvements. The Renewal Rental Rate will be an effective rate, not specifically including, but accounting for, the appropriate tenant concessions described above.
Tenant Concessions shall include, without limitation, free rent, moving expenses, standard tenant improvement allowances or work letter, Landlord's assumption or buy-out of existing leases and any other Landlord contributions.
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.
Tenant Concessions means the total value of any rent abatement (including without limitation the rent abatement described in Section 2.1 (e) below), cash allowances, tenant improvements, and any other payments to or for the account of Tenant in connection with, or for the purpose of inducing the entry by Tenant into this Lease, including without limitation the Cash Allowance (as defined in Section 5.1 hereof). For purposes of this paragraph, Tenant Concessions shall be amortized over a five (5) year period from the Commencement Date of the Term. In the event of an early termination of this Lease for any reason (including, without limitation, a termination if an Event of Default by Tenant occurs), Tenant shall pay to Landlord the unamortized portion of the total value of Tenant Concessions ("unamortized Tenant Concessions"). The unamortized Tenant Concessions shall be the amount of Tenant Concessions so remaining at the time of any such termination of this Lease.
Tenant Concessions means the total value of any rent abatement and any other payments to or for the account of Tenant in connection with, or for the purpose of inducing the entry by Tenant into this Lease. For purposes of this paragraph, Tenant Concessions shall be amortized over the Term in equal monthly amounts. In the event of an early termination of this Lease for any reason (including,
Tenant Concessions means, with respect to this Lease or the applicable Comparable, (i) rent concessions, rent abatements, free rent, or similar rent relief thereunder, and (ii) all costs incurred by the landlord thereunder to provide tenant improvements, pay legal fees and space planning fees, pay leasing commissions, assume existing lease obligations (after netting out the reasonable projected recovery thereon), pay moving expenses for the tenant and make any other payments to or for the benefit of the tenant thereunder. The Market Renewal Rate shall be determined for each exercise of Tenant's right to extend this Lease under this Section 34. In determining the Market Renewal Rate, the Market Renewal Rate shall be established by reference to the Effective Market Rate for the relevant Comparables. In considering Comparables, lease renewals shall be given greater consideration than new leases. The Market Renewal Rate for any renewal shall be adjusted, upward or downward, from the Effective Market Rent for the respective Comparables, to reflect the following factors: