Tenant Ready means that the applicable apartment unit is clean, freshly painted, all appliances are working and generally ready for an immediate move-in by a tenant.
Examples of Tenant Ready in a sentence
If Landlord does not deliver possession of the Premises to Tenant Ready for Occupancy on or before the anticipated Lease Commencement Date (as set forth in Section 7.2(ii) of the Summary), Landlord shall not be subject to any liability nor shall the validity of this Lease nor the obligations of Tenant hereunder be affected.
The Commencement Date shall be subject to extension in the event the Premises are delivered to Tenant Ready for Occupancy after November 1, 2013 only if and to the extent the delay in delivery arises out of a Landlord Delay (as defined in the Work Letter attached hereto as Exhibit B) or Act of God Force Majeure Delays (as defined in Section 32 of this Lease).
Notwithstanding the foregoing, if (a) Landlord delivers Phase One to Tenant Ready for Occupancy on or before the Phase One Anticipated Delivery Date, then Tenant shall lose one full month of Base Rent Abatement, and/or (b) Landlord delivers Phase Two to Tenant Ready for Occupancy on or before the Phase Two Anticipated Delivery Date, then Tenant shall lose one full month of Base Rent Abatement (i.e., a maximum of two full months of lost Base Rent Abatement).
If Tenant elects to contract with the contractor to perform the Tenant's Work, then the Commencement Date will be one hundred twenty (120) days from the date the Premises are delivered to Tenant Ready for Tenant's Work, but not earlier than July 1, 2015.
In the event that Landlord fails to make the Premises Ready for Occupancy on or before February 1, 2011 (subject to the provisions of Section 2.2), then the Lease Term shall commence upon Landlords delivery of the Premises to Tenant Ready for Occupancy; provided, however, that if the Premises are not Ready for Occupancy by June 1, 2011, Tenant may, at Tenants option upon written notice to Landlord within ten (10) days thereafter, elect to cancel this Lease (Cancellation Right).