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. 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 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.
Examples of Common Area Maintenance in a sentence
As well, anchor tenant leases may restrict Common Area Maintenance (CAM) cost recoveries.
A common area maintenance cost per square metre of Maximum Permissible Built-Up Area of the Project on a monthly basis commencing from the COD until the expiry of the Term or the termination of the Agreement, whichever is earlier (the “ Common Area Maintenance Charge”).
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.
Common Area Maintenance - The annual expense paid by tenant to maintain common areas that are not designed for lease, e.g., parking, sidewalks, landscaped areas, hallways, public restrooms, etc.
Recommendation 5 outlines a number of steps that the Australian Government can and should take in order to fulfill these obligations in relation to trade.
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. 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.
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 Xxxx 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. New total Common Area Maintenance charges for the modified Leased Premises shall be $1,077.00 until modified per paragraph 16 of the Lease Agreement.
Common Area Maintenance charges (sometimes referred to by Lessor as "CAM" charges) shall mean an amount equal to the sum of: (i) the actual cost of operating, managing, lawn sprinklers and lawn maintenance, equipping, landscaping, cleaning, lighting, snow and ice removal from, repairing, replacing, and otherwise maintaining the Common Areas, including, but not limited to; all costs of insurance relating to the Common Areas, all taxes allocable thereto, all sewer and water costs, costs of maintaining and operating any private sewerage disposal or septic facilities and meter equipment rooms, and the cost of all utilities servicing the Common Areas; and (ii) 1 0% of the costs referred to in (i) above as a reserve fund for making capital repairs and replacements to the Common Areas; and (iii) 5% of Base Rent as a management fee.
Common Area Maintenance shall also include Lessor'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 coverage's, insuring not less than ninety percent (90%) of the full insurable value (based on completed construction but excluding foundation and excavation costs and underground floor pipes and drains) of the Project, the Demised Premises and Buildings, and improvements and betterment's installed by Lessor or others within same, in addition to rent loss insurance. Lessee hereby acknowledges that Lessor will not insure Lessee's personal property, fixtures, equipment, furniture, machinery, decorations, stock-in-trade or other property or the contents within the Demised Premises belonging to the Lessee or others and Lessee 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 fourth in this sentence. Lessor shall notify the Lessee of Lessee's pro rata share of the Common Area Maintenance charges estimated and computed in the same manners as set forth above for Tax Rent computation by Lessor in advance and for each annual lease period during the Lease Term and any portion thereof. Lessee shall pay its pro rata share of such estimated Common Area Maintenance charges in equal monthly installments coincident with payment of Base Rent. Lessor shall make available to the Lessee after each annual period during the Lease Term, a statement showing the Lessor's actual costs of maintaining and operating the Common Areas. If
Common Area Maintenance. (CAM) shall mean Tenant's pro rata share of the cost to maintain, clean or repair the common areas and amenities of the Premises as set forth in Paragraph 7.