FULL OCCUPANCY Clause Samples

The Full Occupancy clause defines the conditions under which a property is considered fully occupied, typically for the purposes of lease agreements or property management. In practice, this clause may specify that all rentable units or spaces must be leased and physically occupied by tenants, or it may set a threshold percentage of occupancy that qualifies as 'full.' This ensures clarity for both landlords and tenants regarding obligations that depend on occupancy status, such as rent adjustments, maintenance responsibilities, or triggering certain rights or remedies under the agreement.
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FULL OCCUPANCY. (a) If in any Lease Year less than one hundred percent (100%) of the Total Rentable Area of the Building has been occupied by tenants carrying on business for the whole of such Lease Year, the amount of the Operating Costs for such Lease Year may be adjusted by the Landlord, acting reasonably, to an amount which reflects what the amount of the Operating Costs would be if the Building had been fully occupied by tenants carrying on business for the whole of such Lease Year. Only those Items of Operating Costs, the cost of which would have been increased if the Building had been fully occupied by tenants carrying on business, shall be adjusted; those items shall include but are not limited to amounts payable for fuel, climate control, the supply of hot and cold water, cleaning, supplies and the cost of accounting services to compute the rents and charges payable by tenants of the Building. (b) In addition to the foregoing and notwithstanding anything else contained herein, any costs incurred or to be incurred whether by the Landlord or others on behalf of the Landlord, in maintaining, managing, administrating, repairing, improving and operating the Building and the Lands, including without limitation, utilities and any components of Operating Costs and Tax, may be attributed by the Landlord, in its sole discretion acting reasonably, to one or more particular tenants of the Building in accordance with reasonable practices and on a basis consistent with the nature of the particular costs being attributed, the relevant rates of demand and consumption of the matter to which the costs relate and the nature of any particular tenant's business. The Landlord shall notify the Tenant of those costs attributed to it by the Landlord and the Tenant shall promptly pay to the Landlord as additional rent, all such costs so attributed to it for the period ending on the date such costs are so attributed by the Landlord. Thereafter, the Tenant shall continue to pay to the Landlord as additional rent on account of such costs an amount equal to the Landlord's estimate of such costs, in advance, in equal monthly instalments on the first day of each month thereafter. The Landlord reserves the right to adjust from time to time the costs attributed by it to the Tenant and its estimate of such costs whereupon the Tenant shall promptly pay to the Landlord, as additional rent, the amount of the deficiency and thereafter the estimated amount, as adjusted, in advance, in equal monthly ins...
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FULL OCCUPANCY. If in any year the Building has not been fully occupied for the whole year, the amount of the Operating Costs for such year may be adjusted by the Landlord, acting reasonably, to an amount which reflects what the amount of the Operating Costs would be if the Building had been fully occupied for the whole year.
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FULL OCCUPANCY. The Provider will use all reasonable efforts to maintain full occupancy of the Development and will notify BC Housing of any extended vacancies.
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Related to FULL OCCUPANCY

  • Maximum Occupancy No more than two (2) guests per one (1) resident (who is present) are permitted in a student room/suite/apartment at any given time unless otherwise approved by the University (Residential Life).

  • PARTIAL OCCUPANCY OR USE § 9.9.1 The Owner may occupy or use any completed or partially completed portion of the Work at any stage when such portion is designated by separate agreement with the Design-Builder, provided such occupancy or use is consented to, by endorsement or otherwise, by the insurer providing property insurance and authorized by public authorities having jurisdiction over the Project. Such partial occupancy or use may commence whether or not the portion is substantially complete, provided the Owner and Design-Builder have accepted in writing the responsibilities assigned to each of them for payments, retainage, if any, security, maintenance, heat, utilities, damage to the Work and insurance, and have agreed in writing concerning the period for correction of the Work and commencement of warranties required by the Design-Build Documents. When the Design-Builder considers a portion substantially complete, the Design-Builder shall prepare and submit a list to the Owner as provided under Section 9.8.2. Consent of the Design-Builder to partial occupancy or use shall not be unreasonably withheld. The stage of the progress of the Work shall be determined by written agreement between the Owner and Design-Builder. § 9.9.2 Immediately prior to such partial occupancy or use, the Owner and Design-Builder shall jointly inspect the area to be occupied or portion of the Work to be used in order to determine and record the condition of the Work. § 9.9.3 Unless otherwise agreed upon, partial occupancy or use of a portion or portions of the Work shall not constitute acceptance of Work not complying with the requirements of the Design-Build Documents.

  • Early Occupancy If Tenant occupies the Property prior to the Commencement Date, Tenant's occupancy of the Property shall be subject to all of the provisions of this Lease. Early occupancy of the Property shall not advance the expiration date of this Lease. Tenant shall pay Base Rent and all other charges specified in this Lease for the early occupancy period.

  • NUMBER OF OCCUPANTS Tenant agrees that the House shall be occupied by no more than [Total Number of Occupants] persons, including no more than [Maximum Number of Children] under the age of eighteen (18) years, without the prior written consent of Landlord.

  • Ready for Occupancy For purposes of Section 1.3.2 of this Agreement, the Premises shall be deemed “Ready for Occupancy” upon the substantial completion of the Tenant Improvement Work. Subject to Section 4.2 below, the Tenant Improvement Work shall be deemed to be “substantially complete” upon the completion of the Tenant Improvement Work pursuant to the Approved Construction Drawings (as reasonably determined by Landlord), with the exception of any details of construction, mechanical adjustment or any other similar matter the non-completion of which does not materially interfere with Tenant’s use of the Premises.