Glossary entry (derived from question below)
English term or phrase:
free fit-out compensation
Arabic translation:
تعويض مادي يدفعه المؤجر للمستأجر لتجهيز العين كحافز له لاستئجار العين
Added to glossary by
Morano El-Kholy
Jul 27, 2019 10:34
5 yrs ago
17 viewers *
English term
free fit-out compensation
English to Arabic
Law/Patents
Law: Contract(s)
In addition, we would like to bring to your attention the second paragraph in our letter dated 23 May 2019 where we clearly indicated that “the last proposal was rejected by XX” hence the additional free fit-out compensation period up-to 31 December 2018 not available for consideration upon the event XX decided to terminate the tenancy contract.
Change log
Aug 25, 2019 10:06: Morano El-Kholy Created KOG entry
Proposed translations
20 hrs
English term (edited):
free fit-out compensation
Selected
تعويض مادي يدفعه المؤجر للمستأجر لتجهيز العين كحافز له لاستئجار العين
مبلغ متفق عليه يدفعه المؤجر كنفقات لتجهيز العين للمستأجر كحافز له لاستئجار العين
Fit-out Contribution
Landlords sometimes give fit-out contributions as a lease incentive. This applies to the your fit-out works. A landlord can pay this contribution on a reimbursement basis, where you provide them with receipts showing the fit-out costs. Alternatively, the landlord may carry out the fit-out works under prior agreements to the value of the incentive amount.
If you elect for a fit-out contribution, you should know the trigger event for how the landlord will pay. It is a standard requirement that the landlord will not pay a fit-out contribution until you have:
executed the lease;
provided the security required under the lease. For example, a bank guarantee or security deposit;
taken out the necessary insurance policies; and
submitted the plans and specifications for the fit-out work for the landlord’s approval.
The landlord may require you to produce several quotes for the fit-out work. In this case, the landlord may decide to pay the cheapest quote provided.
https://legalvision.com.au/what-are-lease-incentives/
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On initial lettings of commercial property it is standard market practice to allow the tenant an initial fitting out allowance, generally by way of a rent free period. This rent free period is intended, in theory, to reflect the tenant’s time and expense incurred in fitting out the premises but is rarely calculated by reference to the actual time or cost of the tenant’s works. In the case of retail units it has become common market practice to offer a standard three-month rent free period.
http://www.inhouselawyer.co.uk/legal-briefing/rent-free-fitt...
والله أعلم
Fit-out Contribution
Landlords sometimes give fit-out contributions as a lease incentive. This applies to the your fit-out works. A landlord can pay this contribution on a reimbursement basis, where you provide them with receipts showing the fit-out costs. Alternatively, the landlord may carry out the fit-out works under prior agreements to the value of the incentive amount.
If you elect for a fit-out contribution, you should know the trigger event for how the landlord will pay. It is a standard requirement that the landlord will not pay a fit-out contribution until you have:
executed the lease;
provided the security required under the lease. For example, a bank guarantee or security deposit;
taken out the necessary insurance policies; and
submitted the plans and specifications for the fit-out work for the landlord’s approval.
The landlord may require you to produce several quotes for the fit-out work. In this case, the landlord may decide to pay the cheapest quote provided.
https://legalvision.com.au/what-are-lease-incentives/
**************
On initial lettings of commercial property it is standard market practice to allow the tenant an initial fitting out allowance, generally by way of a rent free period. This rent free period is intended, in theory, to reflect the tenant’s time and expense incurred in fitting out the premises but is rarely calculated by reference to the actual time or cost of the tenant’s works. In the case of retail units it has become common market practice to offer a standard three-month rent free period.
http://www.inhouselawyer.co.uk/legal-briefing/rent-free-fitt...
والله أعلم
4 KudoZ points awarded for this answer.
13 mins
تعويض عن التجهيز دون مقابل
تعويض عن تجهيز المحل المكترى
1 day 6 hrs
بدل نفقات تجهيز المكان / تعويض تكاليف تجهيز المكان
‘Fit out’ is a term used to describe the process of making interior spaces suitable for occupation. It is often used in relation to office developments, where the base construction is completed by the developer, and the final fit out by the occupant. The occupant will generally be leasing space as a tenant from the developer/landlord.
https://www.designingbuildings.co.uk/wiki/Fit_out_of_buildin...
fit-out تكاليف التجهيز
1 day 23 hrs
عِوَضٌ اختياريٌّ/إرادِيٍّ عن التجهيزات
عِوَضٌ اختياريٌّ/إرادِيٍّ عن التجهيزات
عِوَض: (اسم)
الجمع : أَعْوَاضٌ
العِوَضُ : بَدَل ، خَلَف ، مقابل ، ما يُعطَى تعويضًا عن شيء
عِوَضاً عَنْ ذَلِكَ : بَدَلاً عَنْ
https://www.almaany.com/ar/dict/ar-ar/عِوَض/
https://www.almaany.com/en/dict/ar-en/عِوَض/
Free: إراديّ/اختيارِيّ , Free actions. (2-ب)
Source: Al-Mawrid Al-Hadeeth, page 467.
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Note added at 1 day 23 hrs (2019-07-29 10:21:23 GMT)
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إرادِيّ: نابع عن الإرادة الشخصية ولا إجبار فيه
عِوَض: (اسم)
الجمع : أَعْوَاضٌ
العِوَضُ : بَدَل ، خَلَف ، مقابل ، ما يُعطَى تعويضًا عن شيء
عِوَضاً عَنْ ذَلِكَ : بَدَلاً عَنْ
https://www.almaany.com/ar/dict/ar-ar/عِوَض/
https://www.almaany.com/en/dict/ar-en/عِوَض/
Free: إراديّ/اختيارِيّ , Free actions. (2-ب)
Source: Al-Mawrid Al-Hadeeth, page 467.
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Note added at 1 day 23 hrs (2019-07-29 10:21:23 GMT)
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إرادِيّ: نابع عن الإرادة الشخصية ولا إجبار فيه
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