Proportionate Common Area Sample Clauses

The Proportionate Common Area clause defines how shared spaces within a property, such as lobbies, hallways, or amenities, are allocated among tenants or owners based on their respective share or occupancy. Typically, this clause specifies the method for calculating each party's proportionate interest, often tied to the size of their leased or owned unit relative to the total property. By establishing clear guidelines for sharing common area costs and responsibilities, the clause ensures fairness and transparency, preventing disputes over maintenance fees or usage rights.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment is undivided Square feet more or less.
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Proportionate Common Area. The proportionate share of the Common Areas attributable to the Apartment/Unit.
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Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment. Proportionate to the total area of the land proportionate to the total area of construction.
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Proportionate Common Area. The proportionate share of the Common Areas attributable to the Unit is undivided Square feet more or less.
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Proportionate Common Area. The proportionate share of the Common Areas (other than said Land) attributable to the Designated Property is undivided Square feet more or less.
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Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment is undivided proportionate share to be calculated more or less.
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Related to Proportionate Common Area

  • Tenant’s Proportionate Share (Section 4.4.3.1): 6.27 percent (6.27%). Such share is a fraction, the numerator of which is the rentable square feet of the Premises, and the denominator of which is the rentable square feet of the Building, as determined by Landlord from time to time on a consistent basis.

  • Proportionate Share If the Premises are a part of a multiple tenancy complex, the responsibility of the Lessee for costs are determined by taking a percentage of the total cost of the expenses based upon the rentable floor space in said complex occupied by the Lessee. It is agreed that the Premises is [%] ("Proportionate Share") of the total floor space in the building. The Lessor may, with notice to the Lessee, elect to perform and provide certain maintenance and services pertaining to the entire building or area of which the Premises are a part, including, but not limited to, landscaping, trash removal, lawn maintenance, common area lighting, watering, paving maintenance, and snow removal. In such event, the Lessee shall reimburse the Lessor for its Proportionate Share of such maintenance services. Within ninety (90) days following the end of each year during the Term, the Lessor shall furnish the Lessee with a written statement covering the lease year just expired (measured from the Commencement Date), showing in reasonable detail a general breakdown of the total operating costs, the amount of the Lessee's obligation relating thereto, and the total payments made by the Lessee. The Lessee agrees to conduct its business in a lawful and legal manner, and in a way that provides quiet enjoyment to the rest of the Lessees in the complex, including, but not limited to, mitigation and limitation of noise, vibration, odor, trash, or fumes. In the event the Lessor receives complaints from other Lessees in the building or complex and determines, in its sole reasonable judgment, that the Lessee is conducting its operations in a manner so as to be objectionable to other Lessees, the Lessee shall, upon notice from the Lessor, promptly modify its operations to eliminate such objections.

  • 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:

  • Direct Expenses 1. Fees and expenses of its directors (including the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;

  • Common Area (Check one)