PSF Clause Samples
The PSF (Project Support Fee) clause defines the obligation for one party to pay a specified fee to support the ongoing management or administration of a project. Typically, this fee is calculated as a fixed amount or a percentage of the total project cost and is paid at agreed intervals, such as monthly or upon reaching certain project milestones. The core function of the PSF clause is to ensure that the party responsible for project oversight is compensated for their administrative efforts, thereby facilitating smooth project execution and clarifying financial responsibilities.
PSF. In addition tenant pays pro rata share (derived by dividing sf of premises by all premises then Leased by Duke) for Common Areas including Taxes, Parking Deck, Lighting of Parking Deck, Security Personnel, plus an administrative charge of 3% for providing such service. In addition, tenant shall pay for upfit and equipment in Mail Room and Phone Room, the Security System and the Parking Deck Systems amortized solely among the leases where Duke is the tenant at an annual rate of 8.75% over a period of 14.5 years. Renewal Options — None Termination Options — None Parking — 178 Financial Disclosure — None Abatements — None Guarantor — None
PSF. In addition tenant pays pro rata share (derived by dividing sf of premises by all premises then Leased by Duke) for Common Areas including Taxes, Parking Deck, Lighting of Parking Deck, Security Personnel, plus an administrative charge of 3% for providing such service. In addition, tenant shall pay for upfit and equipment in Mail Room and Phone Room, the Security System and the Parking Deck Systems amortized solely among the leases where Duke is the tenant at an annual rate of 8.75% over a period of 14.5 years. Renewal Options — None Termination Options — None Parking — 11 spaces Financial Disclosure — None Abatements — None Guarantor — None 24 Early Termination Option: Tenant may terminate at last day of 5th lease year with 180 days notice 25 Premises is 2,078 — rent is paid on 2,221 which includes 143sf of common area.
PSF. In addition tenant pays pro rata share (derived by dividing sf of premises by all premises then Leased by Duke) for Common Areas including Taxes. Parking Deck, Lighting of Parking Deck, Security Personnel, plus an administrative charge of 3% for providing such service. In addition. tenant shall pay for upfit and equipment in Mail Room and Phone Room, the Security System and the Parking Deck Systems amortized solely among the leases where Duke is the tenant at an annual rate of 8.75% over a period of 14.5 years. Renewal Options — None Termination Options — None Parking — 11 spaces Financial Disclosure - None Abatements — None Guarantor — None 22 Part of Duke University Health System (‘DUHS’), Duke Health Technology Solutions is responsible for developing solutions to technology issues and providing ongoing technology support throughout DUHS. Loan # 05-1230 ▇▇▇▇ Plaza Rent Roll for: ▇▇▇▇ Plaza October 17, 2005
PSF. Thank you for the opportunity of presenting this property for your consideration. We welcome the opportunity of doing business with your firm. Sincerely, ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Director Property Manager We are pleased to provide you with the following lease proposal which outlines the preliminary terms and conditions which can serve as the basis for further dialogue and the preparation of a formal lease agreement by and between the parties hereto. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Tenant: WNYLRC, or as an entity to be formed. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ follows: >5,000 SF of first floor, designed and finished to suit, office. In addition to the above described ‘exclusive’ use space, the Tenant will have access to, at no additional cost or added square footage to the Tenant, the following common area spaces and amenities: ➢ Shipping concourse including truck docks and grade level doors. After hours shipping and receiving services. ➢ Cafeteria and patio area. ➢ Daily food cart service, direct to your employees’ desks. ➢ Large lecture/conference room and related A/V equipment. ➢ Workout facility including all equipment, changing rooms and related amenities. ➢ 24/7 manned parking lot and building security including monitoring cameras. ➢ Vehicle and truck parking areas.
PSF. In addition tenant pays pro rata share (derived by dividing sf of premises by all premises then Leased by Duke) for Common Areas including Taxes, Parking Deck, Lighting of Parking Deck. Security Personnel, plus an administrative charge of 3% for providing such service. In addition, tenant shall pay for upfit and equipment in Mail Room and Phone Room, the Security System and the Parking Deck Systems amortized solely among the leases where Duke is the tenant at an annual rate of 8.75% over a period of 14.5 years. Renewal Options — None Termination Options — None Parking — 185 Financial Disclosure — None Abatements — None Guarantor — None 3 With approximately 900 in staff, the Duke Clinical Research Institute (‘DCRI’) is the world’s largest academic clinical research organization. DCRI combines the clinical expertise and academic leadership of a premier teaching hospital with the full-service operational capabilities of a major contract research organization. DCRI has conducted studies at more than 3,592 sites in 63 countries, including the largest fibrinolytic trial in history. DCRI has more than 507,700 patients enrolled and has completed 4,300 publications.
PSF. Subject Property is a multi-unit strip center that fronts the busy S. 6th St corridor. It has traffic counts of 30,500 AADT, with access to I-55 and I-72 minutes away. Several nearby attractions include Starbucks, Taco ▇▇▇▇, KFC, U-Haul, DaVita Dialysis, Hertz, Walgreens, and a County Market-anchored shopping center
PSF. The foregoing are estimates only and may be subject to adjustment in accordance with the terms of the Lease. In addition, Subtenant shall reimburse Tenant for the payment by Tenant to Landlord for any reasonable and documented costs incurred Landlord in connection with this Sublease and/or the consent to this Sublease.
PSF. In addition tenant pays pro rata share (derived by dividing sf of premises by all premises then Leased by Duke) for Common Areas including Taxes, Parking Deck, Lighting of Parking Deck, Security Personnel, plus an administrative charge of 3% for providing such service. In addition, tenant shall pay for upfit and equipment in Mail Room and Phone Room, the Security System and the Parking Deck Systems amortized solely among the leases where Duke is the tenant at an annual rate of 8.75% over a period of 14.5 years. Renewal Options — None Termination Options — Tenant may terminate at the end of the 7th lease year with 180 days written notice. Parking — 16 Financial Disclosure — None Abatements — None Guarantor — None 13 Medical Physics — department of Duke University
PSF. The tenant occupies Units 1 & 2 and sub-lets the remaining units. The lease is subject to upwards only five yearly rent reviews, with the next review falling on 20th November 2024. The rent is reviewed to 77.143% of the open market rental value for each individual unit let on a notional new lease. Please refer to the relevant clause in the lease for the full details. Less 10% discount applied for hypothetical term £539,647 £8.93 Total £416,300 £6.89 NOVEMBER 2019 RENT REVIEW WORKINGS PA PSF Headline rent on notional units £599,608 £9.93 We have included a table below illustrating how the most recent review was settled: EDMONTON A406 rt h C ir c u l a r ( A 4 0 6 ) N o A12 A10 PARK ROYAL A41 A13 £22.00 CANNING TOWN A2041 A40 BATTERSEA BERMONDSEY GREENWICH WOOLWICH BELVEDERE A2016 ▇▇▇▇▇ ▇▇▇▇ DARTFORD A205 A2 A20 o ) 5 0 2 A ( r la cu ir
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