Common Area Maintenance Charge Sample Clauses
The Common Area Maintenance Charge clause defines the tenant’s obligation to pay a share of the costs associated with maintaining and operating shared spaces in 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 cover expenses like cleaning, repairs, security, and utilities for the common areas. This clause ensures that all tenants contribute fairly to the upkeep of shared facilities, preventing disputes and ensuring the property remains well-maintained for everyone’s benefit.
Common Area Maintenance Charge. The Allottee/s agrees to pay a lumpsum amount of Rs 198622-/ (Rupees One Lakh Ninety Eight Thousand Six Hundred Twenty Two only) to be utilized for a period of 18 (Eighteen) months (“Initial Maintenance Period”) from the date of Occupation Certificate for the said Building, in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the said Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee/s, for the maintenance of the common areas, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company, the said Society or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator operation and maintenance, STP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses.
Common Area Maintenance Charge. The Allottee agrees to pay a sum of Rs .48609 (Rupees Forty Eight Thousand Six Hundred Nine Only) for a period of 18 months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the said Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee, for the maintenance of the common areas, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator, WTP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses. The above mentioned amount shall be paid/become payable, by the Allottee on the date when the Promoter communicates their readiness to handover possession of the Schedule B property, irrespective of whether the possession is taken over by the Allottee.
Common Area Maintenance Charge. The Allottee/s agrees to pay a sum of Rs.119873 Rupees Only) (101588 + GST 18286) for a period of 18 months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee/s, for the maintenance of the common areas in the Project and on the Larger Lands, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator operation and maintenance, WTP & STP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses, etc.,
Common Area Maintenance Charge. The Allottee agrees to pay a sum of Rs 171000/- for a period of 24 months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the said Villa. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee, for the maintenance of the common areas, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel for the generator, WTP/STP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses. The abovementioned amount shall be paid/become payable, by the Allottee on the date when the Promoter communicates their readiness to handover possession of the Schedule B property, irrespective of whether the possession is taken over by the Allottee.
Common Area Maintenance Charge. (i) For the purposes of this Article:
Common Area Maintenance Charge. An amount equal to Tenant’s proportionate share of the Common Area Expenses as hereinafter defined. The Common Area Maintenance Charge for the first Lease Year or for any partial Lease Year which precedes the first Lease Year shall be an estimated amount which is specified as Common Area Maintenance Charge on the schedule annexed hereto entitled Fundamental Lease Provisions. The Common Area Maintenance Charge for each succeeding Lease Year or partial Lease Year shall be reasonably estimated by Landlord at the beginning of each such year and the amount payable in such Lease Year or partial Lease Year shall be determined by multiplying such estimated Common Area Expenses by a fraction, the numerator of which shall be the number of square feet of Gross Leasable Area of the Premises and the denominator of which shall be the total leasable space in the Shopping Center. This Article 7b is further subject to the provisions set forth in Addendum A attached hereto and incorporated herein by reference. If the actual Common Area Expenses in any Lease Year or partial Lease Year exceed the estimates for the applicable year, Tenant shall within thirty (30) days after receipt of a statement from Landlord certifying the actual Common Area Expenses for the certified year and Tenant’s proportionate share thereof pay to Landlord a lump sum in an amount which will effect the necessary adjustment. Landlord shall determine such amount within a reasonable period of time after the end of any Lease Year or partial Lease Year. If the Common Area Maintenance Charge paid by Tenant in any Lease Year or partial Lease Year exceeds Tenant’s share of the Common Area Expenses for that period, Landlord shall credit any excess payments made by Tenant against future installments of Common Area Maintenance Charges payable by Tenant hereunder or, during the last Lease Year, Landlord will refund such excess to Tenant within a reasonable period of time following the expiration of the Lease Term, provided Tenant is not then in default of any of its obligations under this Lease.
Common Area Maintenance Charge. The Allottee/s agrees to pay a sum of Rs. 173478/- (Rupees One Lakh Seventy Three Thousand Four Hundred Seventy Eight Only) (147015 + GST 26463) for a period of 18months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee/s, for the maintenance of the common areas in the Project and on the Larger Lands, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator operation and maintenance, WTP & STP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses, etc.,
Common Area Maintenance Charge. Tenant shall pay to Landlord as a “Common Area Maintenance Charge” Tenant’s Proportionate Share of all costs and expenses paid or incurred by Landlord in operating, maintaining, and repairing the Common Areas. In no event shall the Common Area Maintenance Charges include any capital expenditures, any depreciation on improvements or equipment, the cost of correcting or repairing construction or design defects in the Common Areas, expenses for replacing the roof or roof skin, expenses for structural repairs or changes to the Shopping Center buildings, administration fees, or legal fees attributable to any matters concerning any other tenant of the Shopping Center. Such costs and expenses may include but not be limited to: cleaning, lighting, repairing, and maintaining all Common Area improvements, paving, roadways, sprinkler equipment, driveways, sidewalks, curbs, culverts and drainage facilities, barriers, retaining walls, fences, directional and Shopping Center signage (other than signs to be maintained by individual tenants), sewer and water supply lines and related facilities, snow and ice removal, pest control, parking lot striping, painting, painting of exterior walls, landscaping, providing security, personal property taxes, supplies, fire protection and fire hydrant charges, water and sewer charges, utility charges, and reasonable Shopping Center management fees. Landlord further agrees to maintain all landscaping adjacent to the Premises within the Shopping Center in accordance with other similar types of properties in the area. Landlord acknowledges and agrees that said Common Area Maintenance Charges shall not increase more than three percent (3%) in any year over the Common Area Maintenance Charges for the prior year on a non-cumulative basis.
Common Area Maintenance Charge. In and for each Lease Year or Partial Lease Year, Tenant shall pay Landlord, as additional rent, the common area maintenance (“CAM”) charge as set forth in Section 1.1.6, which shall be paid monthly in the same manner the Rent is paid.