What is a restoration clause?

A Restoration Clause legally obligates a tenant to restore, at the landlord's request, the premises back to the condition it was in before possession of the space by the tenant.

What is considered an alteration?

Alteration generally means modification or change. Alter is defined as "to cause to become different in some particular characteristic . . . without changing into something else."

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Agreement to Lease Commercial Property on Condition that Lessee Make...

Wake North Carolina Agreement to Lease Commercial Property on Condition that Lessee Make Alterations and Repairs

Name: Wake North Carolina Agreement to Lease Commercial Property on Condition that Lessee Make Alterations and Repairs
Brand: US Legal Forms
Rating: 4.65 (230 reviews)

Category:

Landlord Tenant - Commercial Leases

State:

Multi-State

County:

Wake

Control #:

US-00865BG

Format:

Instant download

Description

This form is an agreement between two parties to enter a lease agreement at a later date provided that the lessee makes certain repairs and alterations to the premises to be leased.

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How to fill out Wake North Carolina Agreement To Lease Commercial Property On Condition That Lessee Make Alterations And Repairs?

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FAQ

Alteration Assets means demolitions, alterations, installations, improvements, acquisitions of adjacent land or expansions at a Mortgaged Property or other Properties of the Borrower or any of its Subsidiaries. Sample 2.

Maintenance and repair Normally commercial landlords are responsible for any structural repairs such as foundations, flooring, roof and exterior walls, and tenants are responsible for non-structural repairs such as air conditioning or plumbing.

An alteration is a change to an existing building. An addition is adding to an existing building.

An alteration can be any addition, installation, or improvement to the apartment. This normally involves the hiring of contractors or mechanics but not necessarily.

Commercial Tenants: Tenants must pay their rent on the due date agreed on in the lease with the landlord. Tenants cannot hold back rent because a landlord has failed to fulfill their obligations as outlined in the lease. Tenants must fulfill their obligations as outlined by the lease agreement.

A Restoration Clause legally obligates a tenant to restore, at the landlord's request, the premises back to the condition it was in before possession of the space by the tenant.

§ 704.07(3). Typically, a landlord is responsible for the repair of structural and major component parts of the leased premises, as well as any replacements that would be considered capital expenditures, such as the roof, parking lot, and foundation.

Examples of Lease Alterations in a sentence For purposes of this Lease, "Alterations" means Tenant's alterations, additions, improvements, remodeling, repainting, decorations or other changes (other than those constituting initial tenant improvements made as part of Tenant's Work).

Definition: a provision in a mortgage agreement that requires borrowers to maintain mortgaged property in good condition.

Alteration generally means modification or change. Alter is defined as "to cause to become different in some particular characteristic . . . without changing into something else."

More info

The most important source of information about your relationship with your landlord is your rental agreement, whether it is written or oral. Coconino County, Arizona, in accordance with the terms and conditions of this Lease. 1.2.Condition of Premises. Tenants are sometimes required to remove changes to the building and restore the property at the end of a lease. Incorporated Cities of Texarkana, Nash, Redwater and Wake Village, Texas commercial or industrial customer who discontinues service for any period of time. Therefore your landlord may well be amenable to coming to an agreement on rent if they feel this would help you in the long-run. The J. Edgar Hoover Building is a low-rise office building located at 935 Pennsylvania Avenue NW in Washington, D.C., in the United States. EnLink and MPLX already offer investors attractive income streams. At worst, it can be grounds to cancel the contract, but you'll still have tenant protections so they can't just kick you out the next day. I cofounded the Colophon Café in 1985, when many buildings were still boarded up and Mill Street was a gravel road.

Wake North Carolina Agreement to Lease Commercial Property on Condition that Lessee Make Alterations and Repairs

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