Common Area Operating Expenses Sample Clauses
The Common Area Operating Expenses clause defines the costs that tenants are required to share for the maintenance and operation of shared spaces within a property, such as lobbies, hallways, parking lots, and landscaping. Typically, this clause outlines which expenses are included—such as utilities, cleaning, repairs, and security—and how these costs are calculated and allocated among tenants, often based on the proportion of space each tenant occupies. Its core function is to ensure that all tenants contribute fairly to the upkeep of common areas, preventing disputes and clarifying financial responsibilities.
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Common Area Operating Expenses. Tenant shall pay to Landlord during the term hereof, in addition to the Base Rent, Tenant’s Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:
Common Area Operating Expenses. In addition to Base Rent, Sublessee covenants and agrees to pay to Sublessor, on a monthly basis, 6.7235% of the Common Area Operating Expenses allocated by Landlord to Sublessor (42,244 subleased square feet of the total 63,312 square feet of rented space). As used herein, Base Rent together with Sublessee’s percentage of the Common Area Operating Expenses, collectively, “Rent”).
Common Area Operating Expenses. Lessee will pay all Operating Expenses for Building 65. The “Industrial Center” is made up of five separate buildings, with a total of 118,632 gross square feet. Each building has separate service for gas/electric, telephones, water and sanitary sewer. Upon Substantial Completion of leasehold improvements, Lessee should have the building gas/electric, and water/sewer accounts transferred to the Lessee for direct payment to the appropriate companies. Lessee shall make its own arrangements and pay for telephone line connection service and security monitoring service for Building 65 with a service company of its choice. Lessee shall make its own arrangements with outside service companies of its choice, to clean building interior, maintenance and repair to roof, maintenance and repair to roof mounted heating, ventilation and air conditioning system equipment, and maintenance and repair of building interior building elements. Lessor shall provide for normal “Industrial Center” services such as trash collection, parking lot maintenance and cleaning, landscape maintenance, common area lighting; Lessor pays real estate taxes and insurance and maintains the exterior of the Building and its common area. Costs for these assessments and services shall be passed through to the Lessee on a prorated basis either monthly, bimonthly, semiannually or annually, a schedule specifically consistent with Lessor’s obligation for payment of these various services or assessments.
Common Area Operating Expenses. Sublessee covenants and agrees to reimburse to Sublessor 89% of the Common Area Operating Expenses actually paid by Sublessor for Building 2 under the Lease. In addition, Sublessee shall pay to Sublessor any and all sums which Sublessor may be required to pay arising out of a request by Sublessee for additional services of any kind. For clarity, Monthly Rent excludes, and Sublessee is solely responsible for its own physical plant services, e.g. janitorial, utilities, repair and maintenance, to the extent not included in Common Area Operating Expenses.
Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:
(a) The following costs relating to the ownership and operation of the Project are defined as "Common Area Operating Expenses":
(i) Costs relating to the operation, repair and maintenance, in neat, clean, good order and condition, but not the replacement (see subparagraph (e)), of the following:
(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, exterior walls of the buildings, building systems and roof drainage systems.
(bb) Exterior signs and any tenant directories.
(cc) Any fire sprinkler systems.
(dd) All other areas and improvements that are within the exterior boundaries of the Project but outside of the Premises and/or any other space occupied by a tenant.
(ii) The cost of water, gas, electricity and telephone to service the Common Areas and any utilities not separately metered.
(iii) The cost of trash disposal, pest control services, property management, security services, owner's association dues and fees, the cost to repaint the exterior of any structures and the cost of any environmental inspections.
(iv) Any increase above the Base Real Property Taxes (as defined in Paragraph 9).
(v) Any "Insurance Cost Increase" (as defined in Paragraph 7).
(vi) Any deductible portion of an insured loss concerning the Building or the Common Areas.
(vii) Auditors', accountants' and attorneys' fees and costs related to the operation, maintenance, repair and replacement of the Project.
(viii) The cost of any capital improvement to the Building or the Project not covered under the provisions of Paragraph 2.3 provided; however, that Lessor shall allocate the cost of any such capital improvement over a 12 year period end Lessee shall not be required to pay more than Lessee's Share of 1/144th of the cost of such capital improvement in any given month. The cost of such improvement shall be capitalized under GAAP and amortized over the useful life of such improvements and the annual amortization shall be deemed an operating expense in each of the calendar years dur...
Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:
Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, L▇▇▇▇▇'s Share (as specified in Paragraph 1.6) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:
(a) Common Area Operating Expenses" (See Addendum #55) are defined, for purposes of this Lease, as all costs relating to the ownership and operation of the Project, including, but not limited to, the following:
(i) The operation, repair and maintenance, in neat, clean, good order and condition, and if necessary the replacement, of the following:
Common Area Operating Expenses. All costs to operate, maintain, repair, replace, supervise, insure and administer the Common Areas, including, without limitation, any Parking Areas owned by Landlord for the use of tenants, and further including, without limitation, supplies, materials, labor and equipment used in or related to the operation and maintenance of the Common Areas, including Parking Areas (including, without limitation, all costs of resurfacing and restriping Parking Areas), signs and directories on the Building and/or the Project, landscaping (including, without limitation, maintenance contracts and fees payable to landscaping consultants), amenities, sprinkler systems, sidewalks, walkways, driveways, curbs, lighting systems and security services, if any, provided by Landlord for the Common Areas, and any charges, assessments, costs or fees levied by any association or entity of which the Project or any part thereof is a member or to which the Project or any part thereof is subject.
Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, ▇▇▇▇▇▇'s Share (as specified in Paragraph 1.6) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:
(a) The following costs relating to the ownership and operation of the Project are defined as "Common Area Operating Expenses":
(i) Costs relating to the operation, repair and maintenance, in neat, clean, good order and condition, but not the replacement (see subparagraph (e)), of the following:
Common Area Operating Expenses. All costs to operate, maintain, repair, replace, supervise, insure and administer the Common Areas, including any Parking Areas and all costs of resurfacing and restriping Parking Areas, owned or controlled by Landlord for the use of tenants, supplies, materials, labor and equipment used in or related to the operation and maintenance of the Common Areas, (including, signs and directories for the Building and/or the Project, landscaping (including, but not limited to, maintenance contracts and fees to landscaping consultants), amenities, sprinkler systems, sidewalks, walkways, driveways, curbs, lighting systems and security services, if any, provided by Landlord for the Common Areas, and any charges, assessments, costs or fees levied by any association or entity of which the Project or any part thereof is a member or to which the Project or any part thereof is subject.