Common Area Charges Sample Clauses
The Common Area Charges clause defines the tenant's obligation to pay a share of the costs associated with maintaining and operating shared spaces within a property, such as lobbies, hallways, parking lots, and landscaping. Typically, these charges are calculated based on the tenant's proportionate share of the total leasable area and may include expenses like cleaning, repairs, utilities, and security for the common areas. This clause ensures that all tenants contribute fairly to the upkeep of shared facilities, preventing disputes and clarifying financial responsibilities.
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Common Area Charges. Lessee shall pay to Lessor, as additional Rent, an amount equal to Lessee’s pro-rata share of the total common area charges of the Premises as defined below (the common area charges for the Premises is referred to herein as (“CAC”)). Lessee shall pay to Lessor as Rent, on or before the first day of each calendar month during the Lease Term, subject to adjustment and reconciliation as provided hereinbelow, the sum of Two Thousand Eight Hundred Seventy One Dollars ($2,871), said sum representing Lessee’s estimated monthly payment of Lessee’s percentage share of CAC (which as of the date of this Lease represents the insurance covered under Sections 6 A) and 6 B) and the two percent (2%) management fee set forth in this Section). Lessee, at Lessee’s cost, will be responsible for replacement of capital items, including but not limited to: HVAC units, parking lot (not including resealing and restriping which is covered by the CAC), roof membrane replacement (not including the roof membrane maintenance which is covered by the CAC), roof decking, structural or insulation replacement as a result of water intrusion from failure of the roof membrane, elevator, and painting of building exterior (the “Capital Replacements”) during the Lease Term or any extension thereof by properly licensed and insured contractors using materials of equal or better quality that existed prior to the Capital Replacement. It is understood and agreed that Lessee’s obligation under this paragraph shall be prorated to reflect the Commencement Date and the end of the Lease Term, including a partial month. Lessee’s estimated monthly payment of CAC payable by Lessee during the calendar year in which the Lease commences is set forth above. At or prior to the commencement of each succeeding calendar year term (or as soon as practical thereafter), Lessor shall provide Lessee with Lessee’s estimated monthly payment for CAC which Lessee shall pay to Lessor as Rent. Within 120 days of the end of the calendar year and the end of the Lease Term, Lessor shall provide Lessee a statement of actual CAC incurred for the preceding year or other applicable period in the case of a termination year. If such statement shows that Lessee has paid less than its actual percentage, then Lessee shall pay to Lessor the amount of such deficiency within thirty (30) days. If such statement shows that Lessee has paid more than its actual percentage, then Lessor shall, at its option, promptly refund such excess to Lessee or...
Common Area Charges. In addition to the above basic rent, and as additional rent, Tenant shall pay to Landlord, subject to adjustments and reconciliation as provided in paragraph 16 of this lease, the sum of Three Thousand Seven Hundred and Five and 00/100 Dollars ($3,705.00) on or before the first day of the first full calendar month of the term and on the first day of each and every succeeding calendar month, said sum representing Tenant’s estimated payment of its percentage share of common area charges as provided for in paragraph 16 of this lease. Payment of common area charges for any partial month shall be payable in advance and shall be prorated at the rate of 1/30th of the monthly payment of common area charges per day.
Common Area Charges. Tenant shall pay to Landlord during the Term hereof certain Common Area Charges (as defined below) in accordance herewith. Common Area Charges shall be allocated to Tenant and Landlord in proportion to their respective use of each of the facilities comprising the Common Areas.
Common Area Charges. In addition to other amounts required to be paid by Tenant hereunder, Tenant shall pay to Landlord Tena▇▇'▇ ▇roportionate share of the following costs and expenses (collectively, the "Common Area Charges"):
A. The cost of repair, maintenance and replacement of: (i) the exterior of the Building (including painting), other than those structural repairs and replacements for which Landlord is responsible pursuant to Paragraph 5; (ii) all mechanical, electrical, plumbing, sewer, sprinkler and other life-safety equipment and systems forming a part of the Project of which the Building forms a part (other than the cost of repair, replacement and maintenance of the items which are Tenant's responsibility pursuant to Paragraph 6 which shall be paid entirely by Tena▇▇ ▇▇ provided in Paragraph 6); and (iii) all other common areas and facilities constituting a part of the Project of which the Building forms a part (including, but not limited to, the Parking Lot and other paved areas in and about the Building).
B. The cost of maintenance and replacement of the grass, shrubbery and other landscaping in and about the Building and/or the Project.
C. The cost of operating and maintaining in a good, neat, clean and sanitary condition all parking areas, driveways, alleys and grounds in and about the Building and/or the Project (including trash removal).
D. Subject to the last sentence of Paragraph 2C above, the cost of assessments attributable to the Project under any applicable Declaration of Covenants, Restrictions and Easements (as may be amended from time to time) which are assessed by the applicable property owners association (collectively, the "Association Dues").
E. The cost of operating and maintaining any property, facilities or services provided for the common use of Tenant and other lessees of the Project, which costs shall include, without limitation, security services (if furnished by Landlord). Notwithstanding the foregoing, "Common Area Charges" shall not include (i) any expenses for which Landlord has received reimbursement by means of insurance proceeds or contractors' warranties or otherwise (provided, however, if Landlord is subsequently required to rebate or refund any such reimbursement, the amount of such rebate or refund shall be included within Common Area Charges), (ii) payments made by Landlord to affiliates of Landlord to the extent such payments exceed the amounts that would be paid for equivalent goods or comparable services to a third party unaf...
Common Area Charges. In addition to the rental and other charges herein provided to be paid by Lessee to Lessor, Lessee shall pay to Lessor, as additional rent and as Lessee’s share of the cost of maintaining, operating, repairing and managing the Project, Lessee’s proportionate share (as defined in Section 12) of the Total Common Area Charges (as hereinafter defined) for any calendar year during the Term (the “CAM Amount”). Lessee shall pay Lessor in advance its monthly estimated proportionate share (as described in Section 12) of the CAM Amount, together with all applicable rental taxes due thereon, within ten (10) days after receipt of an invoice from Lessor setting forth Lessor’s estimate of such amount. Within ninety (90) days following the end of each calendar year during the Term or as soon thereafter as is reasonably possible, Lessor shall furnish Lessee with a statement of all Total Common Area Charges for the Project for the previous calendar year indicating the computation of Lessee’s proportionate share of the CAM Amount for such calendar year and the payments made by Lessee during such calendar year. If Lessee’s aggregate estimated monthly payments actually paid to Lessor for the calendar year are greater than Lessee’s proportionate share of the CAM Amount for such calendar year, Lessor shall promptly pay the excess to Lessee or shall apply the excess to any past due amounts owing from Lessee to Lessor; if the payments made are less than Lessee’s proportionate share, Lessee shall pay the difference to Lessor within ten (10) days of its receipt of such statement. Total Common Area Charges shall consist of all costs and expenses of every type associated with the management, repair, maintenance, and insuring of the Common Areas including, without limitation, costs and expenses for the following: gardening and landscaping; utilities, water and sewer charges; premiums for liability, property damage and casualty insurance and ▇▇▇▇▇▇▇’▇ compensation insurance; all personal property taxes levied on or attributable to personal property used in connection with the Common Areas; straight line depreciation on personal property owned by Lessor which is consumed in the operation or maintenance of the Common Areas; rental or lease payments paid by Lessor for rented or leased personal property used in the operation or maintenance of Common Areas; fees for required licenses and permits; refuse disposal charges; repairing, resurfacing, repaving, maintaining, painting, lighting, cle...
Common Area Charges. A. The term “Common Areas” means the parking areas, roadways, pedestrian sidewalks, driveways, sidewalks, mall, whether open or closed, delivery areas, trash removal areas, landscaped areas, security areas, public washrooms, and all other areas or improvements that may be provided by Landlord for the common use of the tenants in the Shopping Center.
B. Landlord grants Tenant and Tenant's customers and invitees the nonexclusive right to use the Common Areas, in common with others to whom the Landlord has granted or will grant a similar right.
C. Landlord reserves these rights with respect to the Common Areas:
(a) To establish reasonable rules and regulations for the use of the Common Areas (including without limitation the delivery of goods and the disposal of trash);
(b) To use or permit the use of such Common Areas by others to whom Landlord may grant or may have granted such rights in such manner as Landlord may from time to time designate, including but not limited to truck and trailer sales and special promotional events;
(c) To close all or any portion of the Common Areas to make repairs or changes, to prevent a dedication of the Common Areas or the accrual of any rights to any person or the public, or to discourage noncustomer use or parking;
(d) To construct additional buildings in the Common Areas and to change the layout of such Common Areas, including the right to add to or subtract from their shape and size, whether by the addition or relocation of buildings, improvements or otherwise;
(e) To enter into operating agreements with respect to the Common Areas; and
(f) To do such other acts in and to the Common Areas as in Landlord's judgment may be desirable.
D. Tenant will pay Landlord as a Common Area Charge Tenant's proportionate share of all costs paid or incurred by Landlord in operating and maintaining the Common Areas, including without limitation: cleaning, window washing, landscaping, lighting, heating, air conditioning, maintaining, painting, repairing, and replacing (except to the extent proceeds of insurance or condemnation awards are available) the enclosed malls and other enclosed Common Areas; maintaining, repairing, replacing, cleaning, lighting, removing snow and ice from, painting, and landscaping all vehicle parking areas and other outdoor Common Areas, including any Shopping Center pylon and sign; providing security; seasonal holiday decorations; removing trash from the Common Areas; total compensation and benefits (including pr...
Common Area Charges. Subject to adjustments as provided in paragraph 16 of the Original Lease and as otherwise adjusted prior to the date hereof, Tenant shall continue to pay to Landlord its percentage share of Common Area Charges during the Third Extended Term.
Common Area Charges. Tenant shall continue to pay its proportionate share of common area charges as set forth in paragraphs 5 (b) and 16 of the Lease and paragraph 5 of the Second Amendment To Lease.
Common Area Charges. Lessee shall continue to pay to Mission its share of common area charges as provided for in the Lease during the extended term.
Common Area Charges. During the term of this Lease or any renewal hereof, Lessee shall be responsible to pay to Lessor as Additional Rent Lessee's Proportionate Share of any increase in Common Area Charges in any calendar year over the Common Area Charge Base 'Year Amount as defined in Section 1.11. "Common Area Charges" shall mean and include (a) all sums incurred in a manner deemed by Lessor to be reasonable and appropriate and for the best interest of the Office Building in connection with the operation, maintenance and repair of the Common Areas and Office Building, including costs incurred for the equipping, policing, protecting, advertising, promoting, lighting, heating, air conditioning, providing sanitation and other services for, snow removal, window cleaning, water, sewage, gas and electricity (subject to Lessee's responsibility under Article 14 hereof ), insuring (including any self-insurance and payment of deductible amounts under insurance policies), repairing, replacing and maintaining the (i) Common Areas, (ii) the Office Building and roof; and all other areas and facilities used in the maintenance or operation and utilization of the Office Building, and whether located within or outside of the Office Building, including operation and illumination of signage, service, hookup, connection fees and charges related to any of the foregoing, and also including the depreciation of maintenance equipment used in the operation and maintenance of the Common Areas and the Office Building, the total compensation and benefits (including premiums for worker's compensation and other insurance) paid to or on behalf of employees involved in the performance of work relating to any of the foregoing, the administrative costs, the management fees; and (b) any business privilege tax, any license fees, tax measured by or imposed upon the operations of the Office Building, but shall not include any federal or state income tax or any franchise, capital stock, estate or inheritance taxes. •