Common use of Additional Rent for Operating Expenses Clause in Contracts

Additional Rent for Operating Expenses. During the Term, Tenant shall pay Library, as additional rent, annual Operating Expenses for the Premises at a fixed annual rate of $4.13 per square foot. As with Base Rent, for the purposes of this calculation, Xxxxxx’s square footage shall be the sum of all square footage listed and set forth in Section 1 of this Lease in the definition of the Premises. Such Operating Expenses will cover and include Tenant’s share of utilities (including wi-fi internet service) for the Premises and Tenant’s pro rata share of the following: common utilities serving the Building, Library’s insurance costs for the Building, custodial and janitorial services, security system maintenance, and common area maintenance and services that Library is required to provide under this Lease.

Appears in 8 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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