Common use of Separate Assessment Clause in Contracts

Separate Assessment. Landlord shall use its best efforts to cause the Premises to be separately assessed from other real property owned by Landlord. In the event Landlord is unable to obtain a separate assessment of the Premises, the county assessor's work sheets or other records, if available, shall be used by Landlord in reasonably determining that portion of the Real Property Taxes levied or assessed against the tax assessment parcel, of which the Premises are a part, properly allocable to the Premises. In the event such work sheets or other records are not available, Landlord shall reasonably and equitably allocate the Real Property Taxes levied or assessed against the tax assessment parcel of which the Premises are a part between the Premises and the remainder of such tax assessment parcel.

Appears in 2 contracts

Sources: Consent to Sublease (Universal Electronics Inc), Lease Agreement (Universal Electronics Inc)

Separate Assessment. Landlord shall use its best efforts to cause the Premises to be separately assessed from other real property owned by Landlord. In the event Landlord is unable to obtain a separate assessment of the Premises, the county assessorCounty Assessor's work sheets or other records, if available, shall be used by Landlord in reasonably determining that portion of the Real Property Taxes levied or assessed against the tax assessment parcel, of which the Premises are a part, properly allocable to the Premises. In the event such work sheets or other records are not available, Landlord shall reasonably and equitably allocate the Real Property Taxes levied or assessed against the tax assessment parcel of which the Premises are a part between the Premises and the remainder of such tax assessment parcel.

Appears in 1 contract

Sources: Lease Agreement (Universal Electronics Inc)