This office lease clause stipulates the conditions under which alterations may or may not be made to property by the tenant.
New York Tenant Alterations Clause
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Multi-State
Control #:
US-OL501
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Word;
PDF
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FAQ
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 ...
' Alterations clause in the lease. The alterations clause in the lease will set out what the tenant can and cannot do, and on what basis. A typical clause will prohibit some types of alterations altogether, for example structural changes or work that alters the external appearance of a 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.
