Common use of Unbundled Parking Clause in Contracts

Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial space. Remaining commercial unbundled parking spaces that area not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i2.7.8(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial spaceunit. Remaining commercial unbundled parking spaces that area not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-to- month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 1 contract

Samples: Development Agreement

Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial space. Remaining commercial unbundled parking spaces that area are not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 1 contract

Samples: Development Agreement

Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i2.7.8(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial space. Remaining commercial unbundled parking spaces that area not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-to- month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 1 contract

Samples: Development Agreement

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Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i2.8.7(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial space. Remaining commercial unbundled parking spaces that area are not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 1 contract

Samples: Development Agreement

Unbundled Parking. Developer shall not require tenants occupying commercial space in the Project to lease parking. The cost of any parking leased by such tenants shall be a separate line item in the lease and priced in accordance with Section 2.8.6(e)(1)(i2.7.7(e)(1)(i). Developer may, subject to the Planning Director’s approval, reconfigure the parking spaces and operations from time-to-time in order to facilitate unbundling of parking. Developer shall require in all tenant leases it executes as landlord that each tenant charge its employees for parking and that all subleases contain this same provision. Tenants have the right of first refusal to parking spaces built for their commercial spaceunit. Remaining commercial unbundled parking spaces that area not leased or sold to on-site users may be leased to other on-site users or to off-site residential or commercial users on a month-to-to- month basis. New leaseholders shall have the opportunity to lease or purchase parking spaces built for their unit or use upon occupancy of the commercial or residential use.

Appears in 1 contract

Samples: Development Agreement

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