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Form #989Alterations, Additions and Improvements
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Alterations, Additions and Improvements Free Legal Form
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Alterations, additions
and improvements.
Lessee agrees that it will, as soon as it is permitted
to do so by competent governmental authorities, install and build a new
swimming pool in accordance with a sketch of the same which is attached to and
made a part of this agreement and will erect _________ cabanas and a cabana
deck in accordance with a sketch of the same which is attached to and made a
part of this agreement, will install a central air-conditioning system of a
kind and type to be agreed upon by the parties; will tile all guest bathrooms
in accordance with a sketch which is attached to this agreement, will
redecorate the lobby by refurnishing the same either with new furniture or
reupholstering the existing furniture, by repainting, and by installing new
drapes and rugs and by doing such other things as may be necessary to give the
lobby a pleasing and inviting appearance; and will modernize the front and
ocean-side entrances of the building in accordance with a sketch of the same
attached to this agreement.
Notwithstanding the fact that lessee undertakes to
accomplish the above improvements as soon as it is possible to do so, the
parties agree that at such time as lessee has spent for such improvements
$_____, it shall not be required to continue with such improvements, excepting
only as the money for such improvements becomes available from the net proceeds
of the hotel, and lessee shall not be required to furnish additional money, in
excess of $_____, other than that money which may be obtained by financing
which can be repaid out of the net proceeds of the hotel operation, and
providing further that the total amount of money to be expended by lessee as
provided above, shall not be more than $_____.
At such time as the improvements are made and
completed, they shall immediately become the sole and exclusive property of
lessor and shall be returned to lessor upon the expiration date of this lease
agreement, free from any lien of any kind or nature so far as any of the
actions of lessee are concerned.
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or any other commercial use is prohibited. This includes reposting forms from this
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form, and you agree to abide by these terms. It is highly recommended that you have
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These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
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is not engaged in recommending or referring members on the site or making claims
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Keywords: legal forms, hotels, motels, improvements, additions, alterations
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