Common Area Charges. Lessee shall pay to Lessor, as additional Rent, an amount equal to Lessee's pro-rate share of the total common area charges of the Premises as defined below (the common area charges for the Premises is referred to herein as ("CAC")). Lessee shall pay to Lessor as Rent, on or before the first day of each calendar month during the Lease Term, subject to adjustment and reconciliation as provided herein below, the sum of Fourteen Thousand Four Hundred Seventy-Two Dollars ($14,472), said sum representing Lessee's estimated monthly payment of Lessee's percentage share of CAC. It is understood and agreed that Lessee's obligation under this paragraph shall be prorated to reflect the Commencement Date and the end of the Lease Term. Upon execution of this Lease, Lessee shall deposit with Lessor the first month's estimated CAC. Lessee's estimated monthly payment of CAC payable by Lessee during the calendar year in which the Lease commences is set forth above. At or prior to the commencement of each succeeding calendar year term (or as soon as practical thereafter), Lessor shall provide Lessee with Lessee's estimated monthly payment for CAC which Lessee shall pay to Lessor as Rent. Within 120 days of the end of the calendar year and the end of the Lease Term, Lessor shall provide Lessee a statement of actual CAC incurred including capital reserved for the preceding year or other applicable period in the case of a termination year. If such statement shows that Lessee has paid less than its actual percentage, then Lessee shall within thirty (30) days after demand pay to Lessor the amount of such deficiency. If such statement shows that Lessee has paid more than its actual percentage, then Lessor shall, at its option, promptly refund such excess to Lessee or credit the amount thereof to the Rent next becoming due from Lessee. Lessor reserves the right to revise any estimate of CAC if the actual or projected CAC show an increase or decrease in excess of 10% from an earlier estimate for the same period. In such event, Lessor shall provide a revised estimate to Lessee, together with an explanation of the reasons therefor, and Lessee shall revise its monthly payments accordingly. Lessor's and Lessee's obligation with respect to adjustments at the end of the Lease Term or earlier expiration of this Lease shall survive the Lease Term or earlier expiration.
Common Area Charges shall be an amount equal to Tenant's share of the costs, if any, incurred by Landlord in the exercise of its reasonable discretion, for the operation, repair and maintenance of the Common Areas as described in Section 1.01(c) herein, provided however, Landlord shall be solely responsible for all costs, expenses and taxes related to the construction of any additional buildings or similar capital improvements to the Common Areas or any maintenance thereto subsequent to the execution date of this Lease.
Common Area Charges means all of Landlord’s expenses for management, operation, repair, replacement and maintenance to keep the Leased Premises in good order, condition and repair, including, but not limited to: management fees; common area utilities; stormwater discharge fees; license, permit, inspection and other fees; fees and assessments imposed by any covenants or owners’ association; professional fees; security services; costs in complying with any governmental laws or ordinances; and maintenance, repair and replacement of the driveways, parking and loading areas (including snow removal), exterior lighting, landscaped areas, walkways, curbs, drainage strips, sewer lines, exterior walls, foundation, structural frame, roof and gutters. The cost of any capital improvement shall be amortized over the useful life of such improvement (as reasonably determined by Landlord), and only the amortized portion shall be included in Common Area Charges. Notwithstanding the foregoing, Tenant shall not be responsible for the cost of replacing the roof, exterior walls, foundation and/or structural frame of the Building.
Examples of Common Area Charges in a sentence
Tenant acknowledges and agrees that the Common Area Charges shall include an additional five percent (5%) of the actual expenditures in order to compensate Landlord for accounting, management and processing services.
If any utility supplied to the Premises is not separately metered, Lessee shall pay its proportionate share of the cost thereof as Total Common Area Charges.
Common Area Charges that are assigned by the Hall/Apartments Councils will be collected directly by Hall/Apartments Council representatives prior to the end of the semester.
Said Total Common Area Charges shall further include all charges for semi-annual preventive maintenance service of mechanical equipment including, without limitation, heating, ventilating and air conditioning equipment, which is attributable to the Project, and the cost of lighting, maintenance and repair of the Project identification signs.
Notwithstanding the foregoing, in no event shall the Common Area Charges include any of the following items: (i) general overhead costs of Lessor, (ii) at any time when there is more than one tenant of the Airpark, the cost of any specific items that are specifically intended to benefit specific tenants other than Leasee, (iii) any costs paid from another source (such as insurance proceeds), and (iv) any costs arising from the gross negligence or willful misconduct of Lessor.
More Definitions of Common Area Charges
Common Area Charges means the total of all items of costs and expenses expended (including appropriate reserves) in operating, managing, equipping, protecting, policing, lighting, repairing, replacing, and maintaining the Building and the common areas thereof (including the parking areas) including but not limited to all costs and expenses for or pertaining to:
Common Area Charges. As defined in Section 9.1.
Common Area Charges means and include (a) all sums incurred in a manner deemed by Lessor to be reasonable and appropriate and for the best interest of the Office Building in connection with the operation, maintenance and repair of the Common Areas and Office Building, including costs incurred for the equipping, policing, protecting, advertising, promoting, lighting, heating, air conditioning, providing sanitation and other services for, snow removal, window cleaning, water, sewage, gas and electricity (subject to Lessee's responsibility under Article 14 hereof ), insuring (including any self-insurance and payment of deductible amounts under insurance policies), repairing, replacing and maintaining the (i) Common Areas, (ii) the Office Building and roof; and all other areas and facilities used in the maintenance or operation and utilization of the Office Building, and whether located within or outside of the Office Building, including operation and illumination of signage, service, hookup, connection fees and charges related to any of the foregoing, and also including the depreciation of maintenance equipment used in the operation and maintenance of the Common Areas and the Office Building, the total compensation and benefits (including premiums for worker's compensation and other insurance) paid to or on behalf of employees involved in the performance of work relating to any of the foregoing, the administrative costs, the management fees; and (b) any business privilege tax, any license fees, tax measured by or imposed upon the operations of the Office Building, but shall not include any federal or state income tax or any franchise, capital stock, estate or inheritance taxes. •
Common Area Charges means all of Landlord’s expenses for management, operation, repair, replacement and maintenance to keep the Building and common areas in good order, condition and repair (including all additional direct costs and expenses of operation and maintenance of the Building which Landlord reasonably determines it would have paid or incurred during such year if the Building had been fully occupied), including, but not limited to: management or administrative fees; common area utilities; stormwater discharge fees; license, permit, inspection and other fees; fees and assessments imposed by any covenants, trust indenture or owners’ association; professional fees; security services; costs in complying with any governmental laws or ordinances; and maintenance, repair and replacement of the driveways, parking and loading areas (including snow removal), exterior lighting, landscaped areas, walkways, curbs, drainage strips, sewer lines, exterior walls, foundation, structural frame, roof and gutters. The cost of any capital improvement shall be amortized over the useful life of such improvement (as reasonably determined by Landlord), and only the amortized portion shall be included in Common Area Charges. Common Area Charges shall include the cost of capital improvements only to the extent such capital improvements are made for the purpose of reducing Common Area Charges and only to the extent of such reduction, or for the purpose of complying with any law, code, ordinance, rule, regulation or order applicable to the Building or common areas that is not in effect on the date of this Lease.
Common Area Charges means all of the costs and expenses which are incurred by Lessor with respect to operation, management, maintenance and security of the building including the parking and other designated common areas in Park Place and the exterior walls of the buildings in Park Place, and those areas of Park Place which house mechanical, electrical or other equipment or are otherwise determined from time to time by Lessor to be used in operating or maintaining Park Place. "Common Area Charges" include, but are not limited to, the cost of maintaining, repairing, and replacing and repaving (when necessary) the parking and other designated common areas; supplies, tools and materials purchased and/or used in connection with repairs, maintenance and/or replacements; wages, salaries, and fringe benefits of all employees of the Lessor for the portion of time they are directly engaged in the operation, maintenance and security of Park Place, including license and fees (but excluding wages, salaries and benefits of executive employees); removing snow, ice, and debris from the roadways and parking areas for Lessee's use during normal business hours; removal of customary and normal trash; maintaining and repairing or repainting (when necessary) directional signs, pavement markings, and parking lot striping; repairing and replacing (when necessary) outdoor lighting facilities; maintaining the grass and otherwise caring for the replanting (when necessary) all shrubbery and landscape areas; providing such security as Lessor, in its sole discretion, deems advisable; accounting and legal fees for common areas at Park Place; utilities, heating, ventilation and air-conditioning charges allocable to designated common areas and other building service areas.
Common Area Charges include, but are not limited to, the cost of maintaining, repairing, and replacing and repaving (when necessary) the parking and other designated common areas; supplies, tools and materials purchased and/or used in connection with repairs, maintenance and/or replacements; wages, salaries, and fringe benefits of all employees of the Lessor for the portion of time they are directly engaged in the operation, maintenance and security of Park Place, including license and fees (but excluding wages, salaries and benefits of executive employees); removing snow, ice, and debris from the roadways and parking areas for Lessee's use during normal business hours; removal of customary and normal trash; maintaining and repairing or repainting (when necessary) directional signs, pavement markings, and parking lot striping; repairing and replacing (when necessary) outdoor lighting facilities; maintaining the grass and otherwise caring for the replanting (when necessary) all shrubbery and landscape areas; providing such security as Lessor, in its sole discretion, deems advisable; accounting and legal fees for common areas at Park Place; utilities, heating, ventilation and air-conditioning charges allocable to designated common areas and other building service areas.
Common Area Charges as used herein shall mean the total costs, fees and expenses incurred by Landlord, its agents and/or designees for operating, maintaining, managing, repairing, and/or replacing all or any part of the Common Areas (and any installation therein, thereon, thereunder or thereover), which shall include, but shall not be limited to, the total costs and expenses incurred for the following: cleaning, planting, replanting and maintaining the landscaping: Landlord's insurance with respect to Common Areas, in limits selected by Landlord, including but not limited to fire and other casualty, liability for personal injury and property damage, automobile parking lot liability, loss of rent, and sign insurance; repaving and line repainting; exterior repainting, washing and graffiti removal, including power washing; rental and maintenance of signs and equipment; lighting; sanitary control, including; if applicable, maintenance of removal and disposition of garbage, washes and refuse; repair and/or replacement of Common Area utilities including on-site water lines, electrical lines, gas lines, sanitary sewer lines and storm water lines; utilities for serving the Common Areas including electrical, water, gas and sewer; personnel to implement services as provided for the parking and the policing of the Common Areas; required licenses and permits; private security and private police; fire protection; and health, sanitary or safety-related facilities such as public toilets. "Tenant's CAC Percentage" shall mean that fraction the numerator of which is the leasable area of the Premises and the denominator of which is the total square feet of leasable space in the Office Building which as of the date hereof is 18,200 SF, as such numerator and/or denominator may change from time to time. Tenant's CAC Percentage shall initially be 51% (9,200/18,200). Anything above to the contrary notwithstanding, if any other tenant in the Office Building performs or provides at its own expense any item(s) that would otherwise be provided by Landlord at its own initial expense and the cost for which would be included in common Area Charges pursuant to this Section 7, then the square footage of such other tenant's space shall not be included in the denominator for purposes of determining Tenant's CAC Percentage as to Landlord's costs for the applicable purposes of determining Tenant's CAC Percentage as to Landlord's costs for the applicable such item(s). (For example, if one particular tenant occupy...