Tenant Improvement Agreement

A Tenant Improvement Agreement Template
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Dear [Tenant’s Name],

We are writing to confirm the terms of our agreement regarding the improvements to be made at the leased premises located at [Property Address]. This Tenant Improvement Agreement outlines both the responsibilities of the landlord and tenant concerning the modifications to the property.

Scope of Work:

The following improvements are to be carried out:

  • [Detail of Improvement 1]
  • [Detail of Improvement 2]
  • [Detail of Improvement 3]

Responsibilities:

  • Landlord Responsibilities: The landlord agrees to provide the following: [Detail of provisions like materials, labour, etc.].
  • Tenant Responsibilities: The tenant agrees to provide the following: [Detail of provisions like materials, labour, etc.].

Timeline: The work described above shall commence on [Start Date] and is expected to be completed by [End Date]. The tenant shall have access to the premises during normal business hours to complete the improvements.

Costs: The costs associated with the improvements shall be covered as follows [Detail the cost-sharing arrangement]. The tenant agrees to maintain records of all expenditures and submit receipts upon completion of the work for reimbursement or as proof of payment.

Compliance: All improvements must comply with relevant British laws, building codes, and ordinances. The tenant is responsible for obtaining any necessary permits or approvals required to complete the work.

Damages: The tenant agrees to indemnify and hold the landlord harmless from any claims, damages, or liabilities arising from the tenant’s improvement activities. Any damages to the property during the improvement process will be repaired at the tenant’s expense.

If you agree with the terms stated above, please sign below and return a copy of this letter to our office by [Return Date].

Should you have any questions or require further clarification, please do not hesitate to contact us at [Contact Information].

We look forward to continuing our positive relationship and enhancing the premises to meet your needs.

Yours sincerely,

[Landlord’s Name]
[Landlord’s Contact Information]

____________________________
[Tenant’s Name]
Date: ____________________________

 

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