Common use of Real Property Taxes and Assessments Clause in Contracts

Real Property Taxes and Assessments. The Tenant shall pay to the Landlord on the first day of each month, as additional rent, the Tenant’s Prorata Share of all real estate taxes and special assessments levied and assessed against the Building in which the Leased Premises are located and the Common Areas. If the first and last years of the Lease Term are not calendar years, the obligations of the Tenant hereunder shall be prorated for the number of days during the calendar year that this Lease is in effect. The monthly payments for such taxes and assessments shall be $5,283.00 until the Landlord receives the first tax statement for the referred to properties. Thereafter, the monthly payments shall be based upon 1/12th of the prior year’s taxes and assessments. Once each year the Landlord shall determine the actual Tenant’s Prorata Share of taxes and assessments for the prior year and if the Tenant has paid less than the Tenant’s Prorata Share for the prior year the Tenant shall pay the deficiency to the Landlord with the next payment of Base Monthly Rent, or, if the Tenant has paid in excess of the Tenant’s Prorata Share for the prior year the Landlord shall forthwith refund said excess to the Tenant.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Lsi Logic Corp)

AutoNDA by SimpleDocs

Real Property Taxes and Assessments. The Tenant shall pay to the Landlord on the first day of each month, as additional rent, the Tenant’s 's Prorata Share of all real estate taxes and special assessments levied and assessed against the Building in which the Leased Premises are located and the Common Areas. If the first and last years of the Lease Term are not calendar years, the obligations of the Tenant hereunder shall be prorated for the number of days during the calendar year that this Lease is in effect. The monthly payments for such taxes and assessments shall be $5,283.00 $ 1,440.00 until the Landlord receives the first tax statement for the referred to properties. Thereafter, the monthly payments shall be based upon 1/12th of the prior year’s 's taxes and assessments. Once each year the Landlord shall determine the actual Tenant’s 's Prorata Share of taxes and assessments for the prior year and if the Tenant has paid less than the Tenant’s 's Prorata Share for the prior year the Tenant shall pay the deficiency to the Landlord with the next payment of Base Monthly Rent, or, if the Tenant has paid in excess of the Tenant’s 's Prorata Share for the prior year the Landlord shall forthwith refund said excess to the Tenant.

Appears in 1 contract

Samples: Lease Agreement Office and Industrial Space (Heska Corp)

Real Property Taxes and Assessments. The Once the Leased Premises are deemed ready for occupancy, and Tenant is paying rent, the Tenant shall pay to the Landlord on the first day of each month, as additional rent, the Tenant’s 's Prorata Share of all real estate taxes and special assessments levied and assessed against the Building in which the Leased Premises are located and the Common Areas. If the first and last years of the Lease Term are not calendar years, the obligations of the Tenant hereunder shall be prorated for the number of days during the calendar year that this Lease is in effect. The monthly payments for such taxes and assessments shall be $5,283.00 956.00 until the Landlord receives the first tax statement for the referred to properties. Thereafter, the monthly payments shall be based upon 1/12th of the prior year’s 's taxes and assessments. Once each year the Landlord shall determine the actual Tenant’s 's Prorata Share of taxes and assessments for the prior year and if the Tenant has paid less than the Tenant’s 's Prorata Share for the prior year the Tenant shall pay the deficiency to the Landlord with the next payment of Base Monthly Rent, or, if the Tenant has paid in excess of the Tenant’s 's Prorata Share for the prior year the Landlord shall forthwith refund said excess to the Tenant.

Appears in 1 contract

Samples: Lease Agreement (New Frontier Media Inc /Co/)

AutoNDA by SimpleDocs

Real Property Taxes and Assessments. The Tenant shall pay to the Landlord on the first day of each month, as additional rent, the Tenant’s Prorata 's Pro rata Share of all real estate taxes and special assessments levied and assessed against the Building in which the Leased Premises are located and the Common Areas. If the first and last years of the Lease Term are not calendar years, the obligations of the Tenant hereunder shall be prorated for the number of days during the calendar year that this Lease is in effect. The monthly payments for such taxes and assessments shall be $5,283.00 1,266.00 until the Landlord receives the first tax statement for the referred to properties. Thereafter, the monthly payments shall be based upon 1/12th of the prior year’s 's taxes and assessments. Once each year the Landlord shall determine the actual Tenant’s Prorata 's Pro rata Share of taxes and assessments for the prior year and if the Tenant has paid less than the Tenant’s Prorata 's Pro rata Share for the prior year the Tenant shall pay the deficiency to the Landlord with the next payment of Base Monthly Rent, or, if the Tenant has paid in excess of the Tenant’s Prorata 's Pro rata Share for the prior year the Landlord shall forthwith refund said excess to the Tenant.

Appears in 1 contract

Samples: Lease Agreement Office and Industrial Space (Helix Technology Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.