Definition of Tenant's Percentage of Operating Expenses


Tenant's Percentage of Operating Expenses means 65.517 percent, which is the result obtained by dividing the rentable square feet of the Premises by the rentable square feet of all premises within the Building9.

Examples of Tenant's Percentage of Operating Expenses in a sentence

Thereafter Tenant agrees to pay Tenant's Percentage of Operating Expenses based on such revised Estimate Statement until Tenant receives the next calendar year's Estimate Statement or a new revised Estimate Statement for the current calendar year.
Tenant's Percentage is ___________%, and Tenant's Percentage of Operating Expenses currently payable by Tenant is $____________ per month, which amount is Landlord's current estimate of Tenant's Percentage of Operating Expenses in excess of: (Complete One) $ _________________ per year (expense stop), or the Operating Expenses incurred in calendar year _______.
Thereafter Tenant agrees to pay Tenants Percentage of Operating Expenses based on such revised Estimate Statement until Tenant receives the next calendar years Estimate Statement or a new revised Estimate Statement for the current calendar year.
Base Costs: As used in this Lease, the term Base Costs shall mean Tenants Percentage of Operating Expenses and Taxes, respectively, incurred and paid by Landlord during calendar year 2016 (the Base Year).
Base Costs: Tenants Percentage of Operating Expenses, Taxes, Insurance Costs and Utilities Costs, respectively, incurred and paid by Landlord during calendar year 2011 (the Base Year).