BUILDING MAINTENANCE COSTS Clause Samples
The Building Maintenance Costs clause defines the responsibilities and procedures for covering the expenses associated with maintaining a property. Typically, it outlines which party—such as the landlord or tenant—is responsible for routine upkeep, repairs, and servicing of building systems like HVAC, plumbing, and electrical. This clause ensures that the property remains in good condition throughout the lease or ownership period, preventing disputes over maintenance obligations and financial responsibility.
BUILDING MAINTENANCE COSTS. The term "Building Maintenance Costs" shall mean Tenant's Building Proportionate Share of all capital expenditures allocable to the Building and all other costs as may be incurred with respect to operating, maintaining and preserving the Building including, without limitation, repair and resurfacing the exterior surfaces of the Building (including roofs), repairing and replacing structural parts of the Building, and repairing and replacing, when necessary, electrical, plumbing, heating, ventilating and air conditioning systems serving the Building.
BUILDING MAINTENANCE COSTS. Tenant's Share of increases in -------------------------- Operating Costs and Taxes payable by Tenant with respect to the Demised Premises (as set forth in Section I.M. of the Lease) has been calculated based upon the ratio of the total Rentable Area of the Demised Premises over the aggregate total Rentable Area of (i) the Building and (ii) the immediately adjacent building on the Site located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ (the "2490 Building"). Notwithstanding the definition of Operating Costs set forth in the Lease or the calculation of Tenant's Share for the Demised Premises as set forth above, (A) Operating Costs, for purposes of determining Tenant's Share of Any Increase in Base Taxes and Operating Costs Amount, shall exclude any cost of maintenance and repair of the 2490 Building, it being agreed that Tenant shall not be responsible for paying any such maintenance and repair cost for the 2490 Building, and (B) for purposes of determining Tenant's Share of the cost of maintenance and repair of the Building which are included in Operating Costs, Tenant's Share for such limited purposes shall mean one hundred percent (100%) such that Tenant shall be responsible for paying one hundred percent (100%) of the cost of the repair and maintenance of the Building for any calendar year after the 1998 Base Year which is in excess of the cost of the repair and maintenance of the Building paid or incurred in the 1998 Base Year.
BUILDING MAINTENANCE COSTS. The term "Building Maintenance Costs" shall mean Tenant's Building Proportionate Share of all capital expenditures allocable to the Building and of all other costs as may be insurance with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building (including costs) and repairing and replacing, when necessary, electrical plumbing, heating, ventilating and air conditioning systems serving the Building, and excluding costs incurred by Landlord in performing its obligations under Paragraph 5. l(b). All such capital expenditures and other costs incurred by Landlord in excess of twenty-five thousand dollars ($25,000) per project, including interest at a rate of twelve percent (12%), shall be amortized by Landlord over the useful life of such capital items, as determined in accordance with generally accepted accounting principles. All such capital expenditures and other costs incurred by Landlord up to and including twenty-five thousand ($25,000) per project shall not be amortized and shall be included in their entirety as Building Maintenance Costs as and when incurred.
BUILDING MAINTENANCE COSTS. The term "Building Maintenance Costs" shall mean Tenant's Building Proportionate Share of the amortizing portion of all capital expenditures allocable to the Building and all other costs as may be incurred with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building (including costs), and repairing and replacing, when necessary, electrical, plumbing, heating, ventilating and air conditioning systems serving the Building, but excluding the items specifically designated as Landlord's obligations in Section 5.1(b).
BUILDING MAINTENANCE COSTS. The term "Building Maintenance Costs" shall mean Tenant's Building Proportionate Share of all capital expenditures allocable to the Building and all other costs as may be incurred with respect to operating, maintaining and preserving the Building, including, without limitation, repair and resurfacing the exterior surfaces of the Building, repairing and replacing structural parts of the Building, and repairing and replacing, when necessary, electrical, plumbing, heating, ventilating and air conditioning systems serving the Building, provided that the cost of any capital improvement shall be amortized over the useful life of such improvement and the amortizing portion of the cost shall be included in Building Maintenance Costs.