Controllable Expenses definition
Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.
Controllable Expenses means all Expenses other than Taxes. The following table is an illustration of how Excess Expenses would be calculated if the Expenses in the Base Year are $2,000.00, of which $1,000.00 are attributable to Controllable Expenses and $1,000 are attributable to Taxes. Landlord shall provide Tenant with a good faith estimate of the total amount of Expenses for each calendar year during the Term. On or before the first day of each month, Tenant shall pay to Landlord a monthly installment equal to one twelfth of Tenant's Pro Rata Share of Landlord's estimate of the total amount of Excess Expenses. If Landlord determines that its good faith estimate was incorrect, Landlord may provide Tenant with a revised estimate (however, this shall occur no more than two (2) times per calendar year). After its receipt of the revised estimate, Tenant's monthly payments shall be based upon the revised estimate. If Landlord does not provide Tenant with an estimate of the total amount of Expenses by January 1 of a calendar year, Tenant shall continue to pay monthly installments based on the previous year's estimate until Landlord provides Tenant with the new estimate. Upon delivery of the new estimate, an adjustment shall be made for any month for which Tenant paid monthly installments based on the previous year's estimate. Tenant shall pay Landlord the amount of any underpayment within thirty (30) days after receipt of the new estimate. Any overpayment shall be refunded to Tenant within thirty (30) days or credited against the next due future installment(s) of Rent. As soon as is practical following the end of each calendar year (but no later than June 30th), Landlord shall furnish Tenant with a statement of the actual amount of Expenses for the prior calendar year and Tenant's Pro Rata Share of the actual amount of Excess Expenses for the prior calendar year. If the estimated amount of Excess Expenses for the prior calendar year is more than the actual amount of Excess Expenses for the prior calendar year, Landlord shall apply any overpayment by Tenant against Rent due or next becoming due, provided if the Term expires before the determination of the overpayment, Landlord shall refund any overpayment to Tenant after first deducting the amount of Rent due within thirty (30) days. If the estimated amount of Excess Expenses for the prior calendar year is less than the actual amount of Excess Expenses for such prior year, Tenant shall pay Landlord, within thirty (30) days after it...
Controllable Expenses means all Expenses other than those Expenses attributable to snow and ice removal, utilities and insurance.
Examples of Controllable Expenses in a sentence
The terms Controllable Expenses shall also exclude the costs of capital alterations, capital additions, capital improvements, capital repairs and capital replacements to the extent included in Operating Expenses pursuant to the definition in Section 4.2.4, above; and costs to repair caused by any casualty, vandalism or events of Force Majeure.
The parties acknowledge that for purposes of this Section 6.4.2, the Building Expenses shall be computed separately as between the Controllable Expenses and the Non-Controllable Expenses.
Controllable Expenses, and the Cap thereon, will be determined on an aggregate basis and not on an individual basis, and the Cap on Controllable Expenses will be determined on Expenses as they have been adjusted for vacancy or usage pursuant to the terms of this Lease.
Notwithstanding anything to the contrary contained in this Article 4, the aggregate "Controllable Expenses" (as defined in this Section 4.4, below) included in Direct Expenses in any Expense Year after the first (1st) Lease Year shall not increase by more than five percent (5%) on an annual, cumulative and compounded basis, over the actual aggregate Controllable Expenses included in Direct Expenses for the first (1st) Lease Year.
The Cap on Controllable Expenses, as provided for in this Section 4.L, will not limit or otherwise affect Tenant’s obligation to pay Tenant’s Share of Uncontrollable Expenses (as defined below) or any other component of Rent under this Lease.
More Definitions of Controllable Expenses
Controllable Expenses means all Operating Expenses except: (i) insurance carried by Landlord with respect to the Real Property and/or the operation thereof; and (ii) costs of capital expenditures, including, without limitation, costs of capital improvements, capital alterations, capital repairs, capital equipment and capital tools. The provisions of this Section 4.3.5 do not apply to Tax Expenses or Utilities Costs.
Controllable Expenses means all expenses, other than Uncontrollable Expenses, with respect to the Project.
Controllable Expenses means all Expenses exclusive of the cost of insurance, utilities and capital improvements.
Controllable Expenses means expenses under the control of the Participant;
Controllable Expenses means those Expenses which are within the reasonable control of Landlord, and shall not include any non-recurring capital expenditures or costs which are not with the reasonable control of Landlord, including, without limitation, expenses which are established by public utilities, government regulation or multi-employer labor agreements; costs, such as snow removal, varying according to weather conditions; or insurance costs. Thus, the portion of Expenses constituting Controllable Expenses for the first Lease Year after the Base Year (Expenses) shall be limited to 107% of the Base Year Controllable Expenses; the portion of Expenses constituting Controllable Expenses for the second Lease Year after the Base Year (Expenses) shall be limited to 114.49% of the Base Year Controllable Expenses; the portion of Expenses constituting Controllable Expenses for the third Lease Year after the Base Year (Expenses) shall be limited to 121.50% of the Base Year Controllable Expenses; and so on. The amounts which Landlord claims are due from Tenant pursuant to Article 4 of the Lease for the Expenses and Taxes accrued for calendar years 2007, 2008 (estimated to be approximately $85,654) and 2009 prior to the Effective Date (estimated to be approximately $57,128) and which have not been paid and are in dispute by Tenant are hereby waived and forgiven; provided, however, that Tenant hereby reserves all rights and remedies available to Tenant to, now or hereafter, dispute such amounts are or were owed by Tenant. Landlord and Tenant both hereby acknowledge and agree that any dollar amounts included herein are only estimates and actual amounts being forgiven pursuant to this Section 4 may exceed or be less than such amounts. Landlord hereby represents to Tenant that, as of the Effective Date, Landlord has no knowledge of any amounts which Landlord believes are owing by Tenant under the Lease, other than the Expense and Tax amounts listed above and forgiven under this Amendment.
Controllable Expenses means all Expenses other than utility charges, trash and snow removal costs, insurance premiums, and clean-up costs incurred due to weather events such as hurricanes.
Controllable Expenses means all Common Area Expenses excluding expenses relating to the cost of utilities, security expenses, insurance, real estate taxes and assessments, and other expenses not within Landlord’s control.