Multi-Tenant Properties definition

Multi-Tenant Properties means all tracts (including all buildings and other improvements and property of Owner located thereon) which are leased by the Owner or its Affiliate to more than one tenant pursuant to a Lease.
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Examples of Multi-Tenant Properties in a sentence

  • The financial reporting responsibilities of Manager for the Multi-Tenant Properties are set forth in Appendices A, B and C attached hereto (the “Reporting Requirements”).

  • Commencing on the date hereof, Owner shall pay Manager a property management fee in connection with the leasing and management of Properties equal to 2% of annual Gross Revenues from Single-Tenant Properties and 4% of annual Gross Revenues from Multi-Tenant Properties (together, the “Management Fee”), unless the Owner and Manager agree otherwise in writing.

  • Manager shall be Owner’s exclusive leasing agent for the Multi-Tenant Properties, and shall, to the extent permitted by applicable law and subject to this Agreement, perform all leasing functions relating to the Multi-Tenant Properties.

  • Subject to Section 8.C below, Manager shall at all times either employ capable individuals or subcontract for capable individuals’ time (through an Affiliate of the Manager or otherwise) in a sufficient number to properly, safely and economically manage and maintain the Multi-Tenant Properties.

  • All leases for the Multi-Tenant Properties shall be prepared by Manager in the name of Owner and shall be in accordance with such leasing guidelines as Owner and Manager shall agree upon from time to time.

  • Manager shall maintain business-like relations with the tenants of the Multi-Tenant Properties and use commercially reasonable efforts to resolve any tenant complaint or to cooperate with Owner in so doing.

  • Owner and persons designated by Owner shall at all reasonable time have access to and the right to audit and make independent examinations of such records, books and accounts and all vouchers, files and all other material pertaining to the Multi-Tenant Properties and this Agreement, all of which Manager agrees to keep safe, available and separate from any records not pertaining to the Multi-Tenant Properties, at a place recommended by Manager and approved by Owner.

  • Manager shall be responsible for filing any required tangible personal property tax in respect to the Multi-Tenant Properties.

  • Manager shall recommend from time to time to Owner such procedures with respect to the Multi-Tenant Properties as Manager may deem advisable for the most efficient and economic management services which normally are performed in connection with the operation of first-class office and commercial buildings or other buildings, as applicable, and perform all services normally provided to similar premises, without additional charges to Owner.

  • In addition to the foregoing, Manager shall provide Owner with access to the books and records of the Multi-Tenant Properties in order to perform miscellaneous other internal audit procedures as deemed reasonably appropriate by Owner.