This office lease clause states that the tenant shall not make any alterations or other physical changes in or about the Demised Premises without the owner's prior consent in each instance.
This office lease clause states that the tenant shall not make any alterations or other physical changes in or about the Demised Premises without the owner's prior consent in each instance.
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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 ...
The alterations provision of a lease outlines the tenant's rights and obligations when undertaking any alteration work in the premises. In a lease for retail space, the landlord generally maintains responsibility for structural alterations that preserve the integrity of the building.
The term leasehold improvement refers to any changes made to customize a rental property to satisfy the particular needs of a specific tenant. These changes and alterations may include painting, installing partitions, changing the flooring, or putting in customized light fixtures.