Operating Expense Contribution Clause Samples
The Operating Expense Contribution clause defines the obligation of one party, typically a tenant, to pay a share of the ongoing costs associated with operating and maintaining a property. This clause outlines which expenses are included—such as utilities, maintenance, insurance, and property taxes—and specifies how the contribution is calculated, often as a proportion of the total expenses based on leased space. Its core function is to ensure that the costs of property upkeep are fairly distributed among occupants, preventing disputes and clarifying financial responsibilities.
Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2), Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.
Operating Expense Contribution. Tenant shall pay Operating Expense Contribution equal to Tenant's proportionate share of the annual Operating Expenses, estimated at $7.54 per rentable square foot per annum including utilities (excluding electric), real estate taxes and insurance for year 2004 & 2005, subject to adjustment at the beginning of each calendar year for remainder of lease. Operating Expense Contribution shall be paid in equal monthly installments along with the Base Rent andf electric.
Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Project and/or the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the CPR Ag Lots within the Project, Licensor, upon thirty (30) days advance written notice to Licensee, may adjust the amount of the monthly Operating Expense Contribution so that it equals the Licensee’s proportionate share (defined in Section 3.b) of the common expenses assessed by the CPR Association against all the CPR Ag Lots owned by Licensor; provided, however, once the Converted CPR Ag Lot is assessed separately from any of the other CPR Ag Lots, the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.
Operating Expense Contribution. Tenant shall pay Operating Expense Contribution equal to Tenant’s pro-rata proportionate share of the annual Operating Expenses on a calendar year basis, (excluding electric), including real estate taxes and insurance, for the calendar year of Lease Commencement, subject to adjustment at the beginning of each calendar year for the remainder of the Lease. Operating Expense Contribution shall be paid in equal monthly installments along with the Base Rent and Common Area electric. Landlord shall estimate the Operating Expenses to be paid on a monthly basis for each calendar year.
Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot, Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.