Base Expense Year Clause Samples
The "Base Expense Year" clause defines the specific year that serves as the benchmark for calculating future operating expenses in a lease agreement. Typically, this year is either the calendar year in which the lease commences or another mutually agreed-upon year, and the actual expenses incurred during this period are used as a reference point. This clause is essential for determining the tenant's share of increases in operating costs over time, ensuring both parties have a clear and consistent basis for expense calculations and adjustments.
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Base Expense Year. Calendar Year 1996 (i.e., January 1, 1996 - ----------------- --- December 31, 1996).
Base Expense Year. Effective on January 1, 2013 and continuing for the remainder of the Term, the Base Expense Year shall be January 1, 2012 through December 31, 2012. Commencing on January 1, 2013, the Expense Year shall operate on a calendar year basis.
Base Expense Year. Calendar Year 1999 (i.e., January 1, 1999 - ----------------- December 31, 1999).
Base Expense Year. As of April 1, 2019, all references in the Lease to a base year or Base Expense Amount for the Suite 250 Expansion Space shall mean 2018 for all purposes under the Lease. As set forth in Paragraph 8 of the First Amendment, all references in the Lease to a base year or Base Expense Amount for Suite 400 shall remain 2018 for all purposes under the Lease. As set forth in the Basic Lease Information in the Lease, all references in the Lease to a base year or Base Expense Amount for (i) ▇▇▇▇▇ ▇▇▇ shall remain 2018, (ii) Suite 820/850 shall remain 2016, and (iii) for ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ shall remain 2018 for all purposes under the Lease.
Base Expense Year. The term "Base Expense Year" shall have the meaning set forth in the Basic Lease Information.
Base Expense Year. Calendar Year 1995 (i.e., January 1, 1995 - December 31, 1995).
Base Expense Year. The fiscal period from July 1, 2005, through June 30, 2006.
Base Expense Year. The “Base Expense Year” for the Second Expansion Premises shall be calendar year 2012 (i.e., January 1, 2012 through December 31, 2012). The Base Expense Year for the Current Premises remains unchanged.