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Document Id : 8867
File Type : Microsoft Word
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Commercial Lease Turnkey Provisions for Tenant Improvements
Add this Schedule to a commercial lease agreement to set out turnkey provisions for tenant improvements which will be made by the landlord before the commencement date.
- The landlord will build out the premises on a turnkey basis to mutually agreed design specifications.
- The landlord's financial contribution towards the tenant improvements will not exceed a specified limit. Any costs over and above that limit must be paid by the tenant.
- Any schedule delays attributable to the tenant will not extend the commencement date.
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