This office lease clause stipulates the conditions under which alterations may or may not be made to property by the tenant.
Kentucky Tenant Alterations Clause
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Multi-State
Control #:
US-OL501
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Word;
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How to fill out Tenant Alterations Clause?
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FAQ
A tenancy agreement can normally only be changed if both you and your landlord agree. If you both agree, the change should be recorded in writing, either by drawing up a new written document setting out the terms of the tenancy or by amending the existing written tenancy agreement.
A Standard Clause containing alterations provisions commonly found in a commercial real estate lease. This Standard Clause generally favors the landlord, but includes integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.
The covenants, agreements and obligations herein contained, except as herein otherwise specifically provided, shall extend to, bind and inure to the benefit of the parties hereto and their respective heirs, personal representatives, administrators, successors and assigns.
The Subordination Clause. A subordination clause is a lease provision whereby the tenant subordinates its possessory interest in the leased premises to a third-party lender, usually a bank (the rights of the tenant are thus subject to the rights of the lender).
The primary effect of an SNDA is that the tenant agrees to subordinate its lease to the mortgage in exchange for the lender agreeing not to disturb the tenant if the lender forecloses its superior security interest in the real property.
Kentucky Landlord Responsibilities (KRS 383.595) Landlords must follow all building and housing codes regarding health and safety. Landlords are required to make all repairs and whatever else is needed to maintain the property and keep it habitable for tenants.
Alterations and Improvements means construction improvements that are generally performed in response to tenant or occupant requests for modification of space; these projects may be performed in conjunction with other types of activities, but costs must be identified and apportioned separately from, M&R, DM&R or R&R ...
If consent is unreasonably withheld it is treated by the courts as given so the tenant may proceed with the alterations. However, in most cases the tenant should not be making alterations without having first received the landlord's consent in writing.
