Tenant Portion definition

Tenant Portion shall be the percentage (as stated at the heading of this Lease) that the Rentable Floor Area of the leased Premises bears to the Rentable Floor Area of the building of which the leased Premises are a part. If the term of this Lease begins or ends other than at the beginning or ending of a calendar year. Tenant's Portion for the initial or final part of a calendar year, as the case may be, shall be adjusted in proportion to the number of days of the term which are included in such calendar year.
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Examples of Tenant Portion in a sentence

  • Tenant shall be entitled to the non-exclusive use of the Tenant Portion of such sign as identified on Exhibit 5, provided all uses thereof, including the signage placed thereon, are approved by Landlord in all respects in Landlord's reasonable discretion.

  • Landlord shall have the right to add the names of other tenants and signage identifying the Building generally to such monument sign before or after Tenant uses such monument sign and/or causes such monument sign to comply with applicable laws, provided Tenant shall be entitled to use at least 50% of the Tenant Portion of the signage surface area.

  • If Landlord and Tenant shall agree to a payment plan for the Tenant Portion, the terms of such payment are as follows: ________ payments of $___________, due on the ______ day of each month beginning on _____________, 2020.

  • For the avoidance of doubt, the Tenant Portion Employee Payments shall not be an operating expense of the Facility that will reduce the amount of Net Operating Income paid to Landlord hereunder.

  • Upon such delivery of Portion C to Tenant, Portion D shall become part of the Premises.

  • To reduce the inherent risks to Property Owners of renting units to tenants, the Targeting Program includes Risk Mitigation tools allowing payments for the following:  Security Deposits  Reimbursement of Unpaid Damages after Tenant Move-Out  Reimbursement of Unpaid Tenant Portion of Rent and Late Fees  Reimbursement for Vacancy Due to Tenant Abandonment of Unit  Reimbursement for Successful Eviction Costs.

Related to Tenant Portion

  • Significant Portion means, for purposes of the casualty provisions set forth in Article XI hereof, damage by fire or other casualty to the Real Property and the Improvements or a portion thereof, the cost of which to repair would exceed ten percent (10%) of the Purchase Price.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Leased space means the individual storage space at the self-service facility which is rented to an occupant pursuant to a rental agreement.

  • heritage building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).