Triple Net Expenses definition

Triple Net Expenses means all costs and expenses necessary to own, operate and maintain the Premises, including, but not limited to, utilities (including, without limitation, electric, gas, water, and sewer), insurance (including, without limitation, Landlord’s insurance costs for fire and casualty, loss of rents, and liability insurance of the Premises), taxes, assessments and governmental charges payable with respect to the Premises, costs otherwise payable by Landlord pursuant to any Permitted Exceptions, repairs, replacement costs (due to ordinary or extraordinary wear and tear or catastrophe), trash and snow/ice removal (including removal from parking areas, abutting roadways and walkways), landscaping and lawn maintenance, painting, sign installation and maintenance, repair and replacement of utility systems, depreciation of machinery and equipment used in such repair and replacement, cost of all personnel to implement such services, and Tenant’s pro rata share (on the basis of retail square footage) of all costs whatsoever (including, without limitation, costs similar to those enumerated above) payable by Landlord with respect to the operation, maintenance, repair or replacement of common areas. Triple Net Expenses do not include maintenance of structural elements including foundations, walls, roof, and roof covering, which shall be maintained at Landlord’s expense. All Triple Net Expenses are chargeable to and payable by Tenant. The foregoing list of items is provided for illustrative purposes only and shall not be deemed a full, complete or exhaustive list of all possible Triple Net Expenses.
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Examples of Triple Net Expenses in a sentence

  • As premises are removed from a Master Lease in accordance with Section 3 above, the proportionate share of Triple Net Expenses under such Master Lease will be adjusted accordingly.

  • Triple Net Expenses will be calculated in accordance with the Pro Forma and will commence upon the Closing Date.

  • In addition to Triple Net Expenses, Seller will pay Purchaser the proportionate share of common area expenses, insurance and taxes attributable to any Tenant Lease which has not started paying triple net expenses – such triple-net expenses to be paid under the applicable Master Lease (the “Additional Triple Net Expenses”).

  • Additional Triple Net Expenses attributable to each such Tenant Lease will commence upon the Closing Date and be calculated in accordance with the proportionate share of triple net expenses attributable to such premises as specified in such Tenant Lease.

  • For example, if there is a Tenant Lease in the inline space that is not an Earn Out Lease as of the Closing Date, then under the Inline Master Lease, Seller will pay Purchaser Additional Triple Net Expenses for such Tenant Lease until the rent commencement date (i.e., the date all free rent periods have expired) under such Tenant Lease has occurred (with Seller being obligated to resume payment of such Additional Triple Net Expenses under the conditions set forth in Section 2 above).

  • Payment shall be made by Lessee to Lessor on a monthly basis along with other estimated Triple Net Expenses.

  • Triple Net Expense Records: Landlord will maintain appropriate and complete accounts, records, documents and other evidence showing and supporting all calculation of Triple Net Expenses.

  • Triple Net Expenses shall additionally include water, garbage, and recycling services common to the building.

  • Landlord shall maintain fire and standard casualty insurance upon the building, including the leased premises and General Liability Insurance on the common areas outside the leased premises and such expense shall be part of the common Triple Net Expenses.

  • The ground floor footprint of 15,505 rentable square feet (again, a stipulated figure which shall not be adjusted by virtue of actual measurement or alteration) shall be used for all other purposes under this Lease, including, but not limited to, the calculation of Tenant’s prorata Triple Net Expenses hereunder as defined in Paragraph 4 hereof.