Building Maintenance Costs definition
Building Maintenance Costs means Tenant's Building Proportionate Share of the amortizing portion of all capital expenditures allocable to the Building and all other costs as may be incurred with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building (including costs), and repairing and replacing, when necessary, electrical, plumbing, heating, ventilating and air conditioning systems serving the Building, but excluding the items specifically designated as Landlord's obligations in Section 5.1(b).
Building Maintenance Costs means all costs and expenses of operating, repairing, maintaining and replacing the Building (including the Building Systems and Building Common Areas) as Sublandlord may from time to time deem appropriate, in Sublandlord’s sole discretion, including, without limitation: (1) costs and expenses incurred by Sublandlord for those items which Sublandlord is required to keep maintain, repair and replace pursuant to Section 6.01(a) of the Master Lease (other than those items for which Subtenant or any other subtenant of the Building is obligated to repair, maintain and replace); (2) the cost of supplies, tools, materials, and equipment for any other Building repairs and maintenance; (3) costs incurred for inspection and servicing, including all outside maintenance contracts necessary or proper for the maintenance of the Building, the Building Systems, and the Building Common Areas, (4) janitorial for the Building Common Areas, window cleaning, sweeping, rubbish removal, exterminating, and water treatment, (5) the cost of repair, maintenance and replacement of elevator, electrical, plumbing, and mechanical equipment and all other Building Systems and Building Common Areas, (6) license, permit, and inspection fees; (7) costs of providing security, night watchmen or other security systems which Sublandlord may elect to provide in Sublandlord’s sole discretion; (8) management fees not to exceed the amount customarily charged by an independent entity providing management services to similar buildings in the Redwood City, California area; and (9) cost and expenses for any additional work, labor, materials, services, or improvements to comply with any governmental laws, rules, regulations, or other requirements applicable to the Property. Subtenant shall have the right to request and review reasonable evidence supporting Sublandlord’s calculation of Subtenant’s Percentage Share of the Building Maintenance Costs, but Subtenant’s obligation to pay Subtenant’s Share of the Building Maintenance Costs shall not be dependent upon Subtenant’s approval of such supporting evidence.
Building Maintenance Costs means Tenant's Building Proportionate Share of all capital expenditures allocable to the Building and of all other costs as may be insurance with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building (including costs) and repairing and replacing, when necessary, electrical plumbing, heating, ventilating and air conditioning systems serving the Building, and excluding costs incurred by Landlord in performing its obligations under Paragraph 5. l(b). All such capital expenditures and other costs incurred by Landlord in excess of twenty-five thousand dollars ($25,000) per project, including interest at a rate of twelve percent (12%), shall be amortized by Landlord over the useful life of such capital items, as determined in accordance with generally accepted accounting principles. All such capital expenditures and other costs incurred by Landlord up to and including twenty-five thousand ($25,000) per project shall not be amortized and shall be included in their entirety as Building Maintenance Costs as and when incurred.
Examples of Building Maintenance Costs in a sentence
The term "Property Operating Expenses" shall mean and include all Real Property Taxes, plus all Landlord's Insurance Costs, plus all Property Maintenance Costs and Building Maintenance Costs.
All such capital expenditures and other costs incurred by Landlord up to and including twenty-five thousand ($25,000) per project shall not be amortized and shall be included in their entirety as Building Maintenance Costs as and when incurred.
Landlord shall undertake all reasonable efforts to minimize Building Maintenance Costs (as hereinafter defined).
All Building Maintenance Costs shall be paid by Tenant as Additional Rent, as defined in Article 5.3.
The term “Property Operating Expenses” shall mean and include all Real Property Taxes, plus all Landlord’s Insurance Costs, plus all Property Maintenance Costs and Building Maintenance Costs.
More Definitions of Building Maintenance Costs
Building Maintenance Costs means Tenant's Building Proportionate Share of all capital expenditures allocable to the Building and all other costs as may be incurred with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building, repairing and replacing structural parts of the Building, and repairing and replacing, when necessary, electrical, plumbing, heating, ventilating and air conditioning systems serving the Building, provided that the cost of any capital improvement shall be amortized over the useful life of such improvement and the amortizing portion of the cost shall be included in Building Maintenance Costs.