Area Maintenance definition
Examples of Area Maintenance in a sentence
The Tenant shall be required to pay prorated CAM fees for their share of the entire property: (check all that apply) ☐ - Real Estate Taxes ☐ - Property Insurance ☐ - Common Area Maintenance (CAMs) ☐ - Other.
The Tenant shall be required to pay the following prorated property expenses: (check all that apply) - Real Estate Taxes - Property Insurance - Common Area Maintenance (CAMs) - Other.
All utilities, real estate taxes, operating expenses and other apportionable income and expenses paid or payable by Seller, including without limitation, Common Area Maintenance charges due under the Leases (collectively “CAM Charges”), shall be apportioned pro rata on a per diem basis as of 12:01 A.M. on the date of Closing.
The Tenant shall be required to pay the following prorated property expenses: (check all that apply) ☐ - Real Estate Taxes ☐ - Property Insurance ☐ - Common Area Maintenance (CAMs) ☐ - Other.
The Licensee shall also be required to pay Common Area Maintenance Fees for the respective property Business space allotted to him.
As expenses included in Common Area Maintenance Expenses, Landlord will be responsible for landscaping and maintenance of common areas and parking areas, exterior painting, and common sewage line plumbing.
Tenant shall pay Tenant’s Proportionate Share of Taxes in the same manner as provided above for Tenant’s Proportionate Share of Common Area Maintenance Costs.
Tenant shall pay Tenant’s Proportionate Share of Insurance in the same manner as provided above for Tenant’s Proportionate Share of Common Area Maintenance Costs.
If Tenant fails to pay the Real Property Taxes on or before April 10 and December 10, respectively, or if Tenant fails to pay its share of Real Property Taxes as part of the Common Area Maintenance Costs, Tenant shall pay to Landlord any penalty incurred by such late payment.
Any amounts paid based on such an estimate shall be subject to adjustment as herein provided when actual Common Area Maintenance Costs are available for each calendar year.