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Tenant Allowance

CategoryReal Estate

Clause TypePayments

Definition

Any allowance provided by Landlord for Tenant's fit out

Example

Tenant Allowance. On or before February 1, 2004, Landlord shall provide Tenant with a $300,000.00 allowance, which Tenant, at its election, may (a) apply to the purchase of an emergency generator to service the Premises, (b) receive as a cash payment from Landlord within ten (10) days of Tenants request therefor, or (c) apply said amount to Tenants next payment of Monthly Rental.