Common Area Maintenance definition
Common Area Maintenance. (CAM) shall mean Tenant’s pro rata share of the cost to maintain, clean or repair the common areas 14 and amenities of the Premises as set forth in Paragraph 7.
Common Area Maintenance as used in this Lease means all costs and expenses of every kind or nature incurred by Landlord in the operation, maintenance, replacement, and repair of the Building and the Property. Common Area Maintenance shall include, without limitation, the cost of police, security and fire protection services, if provided; mowing, gardening and landscaping; cleaning; repairs and painting; striping, sweeping; lighting (including the cost of electricity and maintenance and replacement of fixtures and bulbs); regulating traffic; rubbish, garbage and other refuse removal; pest control; ice and snow removal; machinery, equipment and supplies used in the operation and maintenance of the Building and the Property and facilities; repair of paving, curbs and walkways; utility and drainage fees and utilities, including telephone, cable, gas, electric, water and sewer charges; the cost to Landlord of personnel to implement this operation, maintenance, replacement, and repair of Building and the Property as provided above (including Worker’s Compensation insurance covering such personnel), and an administrative charge equal to fifteen percent (15%) of the total cost of the foregoing. Landlord and Tenant agree that Landlord shall have the sole discretion to determine whether or not a particular service is advisable and to employ such persons and acquire such equipment as Landlord deems advisable in order to provide and maintain the Building and the Property.
Common Area Maintenance. All expenses and costs arising out of or related to the operating, equipping, lighting, painting, cleaning, repairing, replacing, resurfacing, paving, repaving, and maintaining the Common Area and all portions and components thereof, including, without limitation, (i) the roof of the Premises (including all roof repairs but excluding roof replacement), (ii) the Common Area (including without limitation, the driveways, sidewalks and parking lot), including, without limitation, landscaping (including, without limitation, irrigating, fertilizing, mulching, strawing, planting, replanting and replacing flowers, trees, shrubs and grass), (iii) repairing or maintaining Utilities, and lighting, traffic control, sanitary assessments and services, removal of snow, trash, rubbish, garbage and other refuse, security services, pest control, depreciation and rental fees for machinery or other equipment with respect to such maintenance, all costs for or associated with supplies, material and personnel to implement any of the foregoing. Subject to Special Stipulation 2.
Examples of Common 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.
More Definitions of Common Area Maintenance
Common Area Maintenance means the common area maintenance to be provided by Lessor with respect to the areas of the Property that are not a part of the Demised Premises or in space for the exclusive use and occupancy of Another Lessee.
Common Area Maintenance. The LESSEE shall have the obligation for his pro rata share as set fourth in Paragraph 3 for the following items described below: Interior: LESSOR
Common Area Maintenance shall also include Landlord’s actual annual cost of procuring and maintaining insurance covering fire and such other risks as are from time to time included in standard extended coverage endorsements and special broad form coverages, insuring not less than ninety percent (90%) of the full insurable value of the Project, the Demised Premises Building 1 and Building 2, and improvements and betterments installed by Landlord or others within same, in addition to rent loss insurance. Tenant hereby acknowledges that Landlord will not insure Tenant's personal property, fixtures, equipment, furniture, machinery, decorations, stock-in-trade or other property or the contents within the Demised Premises belonging to the Tenant or others and Tenant shall be solely responsible for maintaining liability coverage and insurance on any and all of its personal property and all of the items herein set forth in this sentence. All Common Area Maintenance charges through the twelfth (12th) month of the Lease Term shall be included in Base Rent. Beginning on the first day of the thirteenth (13th) month after the Commencement Date and adjusted annually thereafter, Tenant shall pay to Landlord an amount equal to Tenant's proportionate share of any increase(s) in the Common Area Maintenance charges over the Base Year, estimated and computed in the same manner as set forth above for Tax Rent. Tenant shall pay its Pro Rata Share of the increase over the Base Year of such estimated Common Area Maintenance charges in equal monthly installments coincident with payment of Base Rent. Landlord shall make available to the Tenant within sixty (60) days of the end of each annual period during the Lease Term, a statement showing the Landlord’s actual costs of maintaining and operating the Common Areas. If Tenant’s Pro Rata Share of the actual Common Area Maintenance charges for such one year period (or portion thereof) exceeds the estimated amount paid by Tenant, Tenant shall pay to the Landlord the balance of its Pro Rata Share of such excess within thirty (30) days after receipt of a statement of Landlord therefore. If the estimated amount so paid by Tenant exceeded the Tenant's Pro Rata Share of the actual Common Area Maintenance charges, then, the Tenant’s share of such excess shall be credited against the next succeeding payment(s) due of Tenant's estimated Pro Rata Share of Common Area Maintenance charges for the next one year period. Failure of Landlord to provide any statement called f...
Common Area Maintenance. During the renewal option period the Common Area Maintenance charge shall be adjusted to reflect the following increases: May 1, 2008: Common Area Maintenance shall be increased to equal one hundred fifteen percent (115%) of the initial base Common Area Maintenance. May 1, 2013: Common Area Maintenance shall be increased to equal one hundred twenty (120%) of the initial base Common Area Maintenance. May 1, 2018: Common Area Maintenance shall be increased to equal one hundred twenty-five percent (125%) of the initial base Common Area Maintenance.
Common Area Maintenance. The following is made a part of paragraph 4.2 of the Lease: If total Common Area Operation Expenses for any calendar year after 1998 exceed the total for such Expenses in 1998, Lessee shall pay Lessee's share of such excess. For purposes of this paragraph and in the event the Industrial Center is less than ninety-five percent (95%) occupied for any part of 1998, Common Area Operating Expenses for 1998 shall be adjusted to reflect what the Expenses would have been in 1998 had the Industrial Center been ninety-five percent (95%) occupied for all of 1998. Common Area Operating Expenses shall not include charges for trash and any capital improvements or replacements of capital items as determined by generally accepted principles. Notwithstanding any other provision in this Lease, Lessee's share of any amount due under paragraphs 4.2 and 8.1 of this Lease shall not increase by more than eight percent (8%) over its share for the preceding calendar year. Pursuant to paragraph 7.1(b), Lessor shall assume liability for major repair of the HVAC system due to failure of operation provided Lessee has maintained a service contract for routine and periodic maintenance.
Common Area Maintenance. “CAM” shall mean the total costs incurred by Landlord for the operation, maintenance, repair, insuring and management of all common facilities within Landlord’s entire property, known as ▇▇▇▇ Valley Business Center and consisting of approximately twelve and seven -tenths (12.7) acres (the “Park”) and/or Park-wide common area charges for which Landlord pays its pro rata share of maintenance costs, including, but not limited to, common roads, snow removal, lighting of common areas, Taxes payable by Landlord, or its successors, with respect thereto and other similar operational and maintenance expenses. CAM shall not include any Operating Costs.
Common Area Maintenance. Landlord shall maintain the Common Areas of the Complex in a commercially reasonable manner and condition. Landlord's "Common Area maintenance expenses" of the complex shall include, without limitation, the costs of managing and upkeep of all Common Areas and the Complex, specifically including any expenses which Landlord may elect to incur for landscaping and grounds keeping; the maintenance, repairing, replacing, sweeping and striping of the parking lot; all Landlord's insurance on the entire Complex (including, but not limited to, public liability, fire, casualty, loss of rents, and extended coverage insurance); security, sanitary control; snow removal; trash and rubbish removal; Common Area lighting, maintenance and repair of sprinkler systems; maintenance and repair of heating, ventilation and air conditioning and other electrical systems serving the Complex or the various premises therein; the cost of supplies, equipment and personnel to implement such services; amortization of capital expenditures which relate to repair and maintenance of the Common Areas; amortization of capital expenditures required in the future by any regulatory or governmental agency; all other costs and expenses which would, under generally accepted accounting principles, be regarded as maintenance or repair costs of the Complex.