Common Areas Operating Expenses Clause Samples
The "Common Areas; Operating Expenses" clause defines the landlord's responsibility for maintaining and managing shared spaces within a property, such as lobbies, hallways, parking lots, and landscaping, as well as the costs associated with their upkeep. Typically, this clause outlines which areas are considered common, what types of expenses are included (like cleaning, repairs, utilities, and security), and how these costs are allocated among tenants—often proportionally based on the size of each tenant's leased space. Its core function is to ensure transparency and fairness in the distribution of costs for shared facilities, preventing disputes and clarifying financial obligations for all parties involved.
Common Areas 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 Areas Operating Expenses. All costs to operate, maintain, repair, replace, supervise, insure and administer the Common Areas, including, without limitation, supplies, materials, labor and equipment used in or related to the operation and maintenance of the Common Areas, signs and directories on the Building, amenities, public parking areas (if any), sprinkler systems, lighting systems and security services, if any, provided by Landlord for the Common Areas, any fees levied by an association or entity of which the Building or any part thereof is a member or to which the Building or any part thereof is subject, except for special assessments or fees which may be for the payment of costs or debt service on improvements specifically added to the Project which would otherwise be excluded from Operating Expenses hereinbelow (i.e., unqualified capital expenditures).
Common Areas Operating Expenses