Common Area Management Sample Clauses

Common Area Management. Notwithstanding Section 8.1, all Common Areas furnished by Landlord shall be subject to the reasonable control and management of Landlord, who shall have the right, but not the obligation, from time to time to establish, modify and enforce reasonable rules and regulations with respect thereto. Tenant shall abide by all such rules and regulations. Landlord further reserves the right to change, relocate, rearrange, and to restrict or eliminate the use of any Common Areas, and do such other acts in and to Common Areas to change the location of improvements as Landlord shall determine. In addition to and not in limitation of the rights of Landlord set forth in Article 2.1 hereof, Landlord reserves the right to reduce or enlarge the Building or Common Areas from time to time by demolishing or constructing improvements on portions of the Property and by including adjacent land within or removing land from the Property, and constructing on any such additional land buildings or Common Areas. Any new buildings, properties and Common Areas shall be part of the Property for all purposes and, at the election of Landlord, Operating Expenses shall be applicable to the new area and all improvements now or hereafter constructed thereon; provided that Tenant’s Pro Rata Share shall be appropriately adjusted to reflect any additional Rentable Area added to the Building. Until Landlord makes such election, Operating Expenses shall continue as though such enlargement had not occurred. Landlord shall have the right to build or relocate improvements on the Property as Landlord desires. All such actions, including such action or inaction as to rules and regulations for the Common Areas, shall not be deemed an eviction of Tenant or a disturbance of Tenant’s use and enjoyment of the Leased Premises, provided, however, that such actions under this Section 8.2 shall not materially adversely interfere with Tenant’s operations in the Leased Premises, the number of parking spaces required by local zoning for the Building, ingress or egress to the Leased Premises and any loading docks and truck access, or utilities and/or mechanical serving the Leased Premises. Landlord shall use reasonable efforts to minimize interference with Tenant’s business during any such work and shall diligently pursue such work to completion.
Sample 1
Common Area Management. 2.3.1 The Association shall assume responsibility for all property management functions and resident services and shall hire or cause to be hired an On-Site Manager to do those things that are necessary to maintain the Community in accordance with the provisions of the operating budget. 2.3.2 Any computers, furniture and equipment required for use of on- site employees shall be provided by the Association at its sole cost and expense. 2.3.3 On behalf of the Association, and as authorized by the Board, monitor the performance of on- site employees of the Association. Any employee hired for the Association may be an employee of the Association or of VRMC as may be mutually agreed upon between Association and VRMC. 2.3.4 All remuneration payable to employees of the Association and/or salaries, taxes, assessments, insurance, benefits, payroll administration costs, and other expenses payable on account of such employees shall be operating expenses of the Association and shall be paid by VRMC out of the funds of the Association or, in the alternative, shall be reimbursed to VRMC, if paid by VRMC. 2.3.5 All remuneration payable to on- site employees of the Association who are employees of VRMC shall be operating expenses of the Association and shall be paid to VRMC by the Association. Such remuneration shall include, but not be limited to, the agreed base compensation and all expenses relating to the employees including, but not limited to, taxes, assessments, insurance, benefits, payroll administration costs and any other expenses or costs relating to the employees (collectively the “Payroll Burden”). Such Payroll Burden shall be calculated at the rate specified in Schedule “A”, a copy of which is attached hereto and incorporated herein for all purposes, which amount shall be adjusted as necessary by changes in the applicable rates payable by VRMC. 2.3.6 As authorized by the Board, negotiate and execute, on behalf of the Association, contracts for water, electricity, landscaping, trash, removal, and such other services for the Community as may be necessary and advisable. VRMC shall also purchase on behalf of the Association, and Association’s expense, such equipment, tools, appliances, materials and supplies as are required for the property maintenance of the Community. All such purchases and contracts shall be in the name, and at the expense, of the Association. If an employee of VRMC executes such contracts or authorizes work for the Association, the Associati...
Sample 1
Common Area Management. Landlord hereby agrees that it shall, at all times during the term of this lease, including extensions, property construct, operate, furnish and maintain all common areas in good condition and repair. Tenant agrees to reimburse Landlord for a proportionate share of the costs of maintenance, utilities, real estate taxes and insurance for the parking and common areas. The maintenance costs shall include a management fee of five percent (5%) of the foregoing items, except that the five percent (5%) shall not be calculated on the real property taxes. Tenant's pro rata share of common area expenses shall be determined by applying the following ratio to the total common area costs: Numerator: 8,400 square feet Denominator: 131,900 square feet When buildings have been constructed on all of the frontage allowable for buildings (except the K-Mart expansion area), then the Numerator and Denominator above specified shall be modified to the actual square footage of the constructed buildings on Tenant's premises and on the entire shopping center in accordance with the actually constructed buildings as they exist from time to time. Tenant shall be billed for its pro rata share of common area expenses at reasonable intervals not more frequently than monthly, and the statement shall show in reasonable detail the actual common area costs and expenses. Tenant shall pay the xxxx promptly on receipt thereof. Tenant at al times shall have access to the books and records of Landlord with respect to the total costs of utilities and maintenance of parking areas and common areas so as to ascertain that Tenant is paying its proper share thereof.
Sample 1
Common Area Management. If Landlord at any time determines, in Landlord’s sole judgment, that the best interests of the Complex will be served by having all or any other portion or portions of the Complex managed, operated, and maintained by a person, firm, or corporation other than Landlord, Landlord may select any such person, firm, or corporation to manage, operate, and maintain all or any portion of the Common Areas, and Landlord may negotiate and enter into an agreement therefore with such person, firm, or corporation on such terms and conditions and for such time as Landlord shall, in Landlord’s sole judgment, deem reasonable. The costs and fees thereof shall be included within the Operating Expenses. Bay Tech Gross Office Lease Dance Biopharm, Inc.
Sample 1

Related to Common Area Management

  • Common Area Maintenance Landlord will maintain or cause to be maintained the Common Areas and Tenant will reimburse Landlord for Tenant’s prorata share of the cost of such maintenance as hereinafter provided. (a) Common area maintenance costs and expenses shall be determined in accordance with generally accepted accounting principles consistently applied and allocated to any particular calendar year on the accrual method of accounting. Such costs and expenses shall include, but shall not be limited to upkeep, exterior painting, repairs, replacements and improvements in the Common Areas, snow removal, sweeping and cleanup, depreciation allowance on any machinery and equipment owned by Landlord and used in connection therewith, utility services including fire line water service charges, premiums for public liability, property damage and fire insurance including the Common Areas, any real estate tax and/or tax consultant expense incurred for the purpose of maintaining equitable tax assessments on the Development, all property taxes or assessments levied or assessed against all Common Areas, which, if not separately assessed, shall be determined, for land, by the ratio of land area designated for Common Area use to the total land area in the Development and, for improvements, on a fair and equitable allocation among the various improvements in the Development, giving weight to the factors which determine the amount of the real property tax or assessment in question. In addition, such costs shall include administrative costs equal to ten percent (10%) of the total cost paid or incurred by Landlord under this paragraph. (b) Tenant shall pay as additional rent to Landlord, Tenant’s prorata share of such Common Area expenses in the following manner: (1) From and after the date the minimum rental provided for herein has commenced, but subject to adjustment as hereinafter in this subparagraph (1) provided, Tenant shall pay Landlord in advance on the first day of each calendar month during the term of this Lease an estimated and adjustable amount covering Tenant’s proportionate share of common area services and expenses, which amount may be adjusted by Landlord by notice to Tenant at the end of any calendar month on the basis of Landlord’s experience and reasonably anticipated costs. (See Lease Rider “A” Building Expenses attached hereto and incorporated herein.) (2) Within thirty (30) days following the end of each calendar year, Landlord shall furnish Tenant a statement covering the calendar year just expired, showing the total operating costs, the amount of Tenant’s prorata share of such Common Area expenses for such calendar year and the payments made by Tenant with respect to such calendar year as set forth in subparagraph (b) I. If Tenant’s prorata share of such Common Area expenses exceeds Tenant’s payments so made, Tenant shall pay Landlord the deficiency within ten (10) days after receipt of such statement. If said payments exceed Tenant’s prorata share of such Common Area expenses, Tenant shall be entitled to offset the excess against payments next thereafter to become due Landlord as set forth in said subparagraph (b) I. Tenant’s pro-rata share of the total Common Area expenses for the previous calendar year shall be that portion of all such expenses which is equal to the proportion which the number of square feet of gross leasable area in the Demised Premises bears to the total number of square feet of gross leasable area of buildings in the entire Development which are from time to time completed and occupied as of the commencement of each calendar year.

  • Common Area Subject to the terms and conditions of this Lease and such rules and regulations as Landlord may from time to time reasonably prescribe, Tenant and Tenant’s employees, invitees and customers shall, in common with other occupants of the Parcel, and their respective employees, invitees and customers, and others entitled to the use thereof, have the non-exclusive right to use the access roads, parking areas and facilities provided and designated by Landlord for the general use and convenience of the occupants of the Parcel, which areas and facilities are referred to herein as “Common Area.” This right shall terminate upon the termination of this Lease. Landlord reserves the right from time to time to make changes in the shape, size, location, amount and extent of the Common Area; provided that no such changes shall prevent or materially diminish or adversely affect Tenant’s ability to have access to and use of the Premises or Tenant’s allocation of parking spaces. Landlord further reserves the right to promulgate such rules and regulations relating to the use of the Common Area, and any part or parts thereof, as Landlord may reasonably deem appropriate for the best interest of the occupants of the Building. The rules and regulations shall be binding upon Tenant upon delivery of a copy of them to Tenant, and Tenant shall abide by them and cooperate in their observance. Such rules and regulations may be reasonably amended by Landlord from time to time, with advance notice, and all amendments shall be effective upon delivery of a copy of them to Tenant. Tenant shall have the exclusive use of Tenant’s Pro Rata Share of the parking spaces in the Common Area on a “first-come, first served” basis at no cost to Tenant during the Term or any extension or renewal of the Term. Tenant shall not at any time park or permit the parking of Tenant’s trucks or other vehicles, or the trucks or other vehicles of others, adjacent to loading areas so as to interfere in any way with the use of such areas, nor shall Tenant at any time park or permit the parking of Tenant’s vehicles or trucks, or the vehicles or trucks of Tenant’s suppliers or others, in any portion of the Common Area not designated by Landlord for such use by Tenant. Tenant shall not abandon any inoperative vehicles or equipment on any portion of the Common Area. Tenant shall make no alterations, improvements or additions to the Common Area without prior written approval of Landlord. Landlord shall at all times operate, manage, insure, maintain and repair the Common Area in good order, condition and repair. The manner in which the Common Area shall be maintained and the expenditures for such maintenance shall be at the unfettered discretion of Landlord. Except as excluded herein or in Addendum One, the cost of such repair, maintenance, operation, insurance and management, including without limitation, maintenance and repair of landscaping, irrigation systems, paving, sidewalks, fences, and lighting, shall be a Common Area Charge and Tenant shall pay to Landlord Tenant’s Pro Rata Share of such costs as provided in Paragraph 12 below.

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • Common Areas Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the Rules and Regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord or areas within the Project that the occupants of the Building are permitted to utilize pursuant to a recorded declaration and which areas shall be maintained in accordance with the declaration. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building reasonably designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the reasonable discretion of Landlord and the use thereof shall be subject to the Rules and Regulations as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

  • Premises Parking and Common Areas 2.1 Letting Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms covenants and conditions set forth in this Lease. Unless otherwise provided herein, any statement of square footage set forth in this Lease, or that may have been used in calculating rental and/or Common Area Operating Expenses, is an approximation which Lessor and Lessee agree is reasonable and the rental and Lessee's Share (as defined in Paragraph 1.6(b)) based thereon is not subject to revision whether or not the actual square footage is more or less.

  • Common Areas - Changes Lessor shall have the right, in Lessor's sole discretion, from time to time: (a) To make changes to the Common Areas, including, without limitation, changes in the location, size, shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways and utility raceways; (b) To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to the Premises remains available; (c) To designate other land outside the boundaries of the Industrial Center to be a part of the Common Areas; (d) To add additional buildings and improvements to the Common Areas; (e) To use the Common Areas while engaged in making additional improvements, repairs or alterations to the Industrial Center, or any portion thereof; and (f) To do and perform such other acts and make such other changes in, to or with respect to the Common Areas and Industrial Center as Lessor may, in the exercise of sound business judgment, deem to be appropriate.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Common Area Expenses In the event the demised premises are situated in a shopping center or in a commercial building in which there are common areas, Lessee agrees to pay his pro-rata share of maintenance, taxes, and insurance for the common area.

  • Parking Throughout the Lease Term, Tenant shall have the exclusive right to use, free of charges, the number of parking spaces set forth in Section 12 of the Summary, which parking spaces constitute the entirety of the parking under the Building and the adjacent surface parking, being all of the parking in the Project. Tenant shall comply with the Parking Rules and Regulations which are in effect on the date hereof, as set forth in the attached Exhibit D and all reasonable modifications and additions thereto which are prescribed from time to time for the orderly operation and use of the Parking Areas by Landlord, and/or Landlord’s Parking Operator (as defined below); provided that such modifications or alterations do not effect Tenant’s use of or access to the Parking Areas. Landlord specifically reserve the right to change the size, configuration, design, layout, of the Parking Areas, and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time, temporarily close-off or restrict access to the Parking Areas, so long as Tenant retains access to the number of parking spaces set forth in Section 12 of the Summary. Landlord may delegate its responsibilities hereunder to a parking operator (the “Parking Operator”) in which case the Parking Operator shall have all the rights of control attributed hereby to Landlord. Any parking tax or other charges imposed by governmental authorities in connection with the use of such parking shall be paid directly by Tenant or the parking users, or, if directly imposed against Landlord, Tenant shall reimburse Landlord for all such taxes and/or charges within thirty (30) days after Landlord’s demand therefor. The parking rights provided to Tenant pursuant to this Article 23 are provided solely for use by Tenant’s own personnel visitors and invitees and such rights may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord’s prior approval, except in connection with an assignment of this Lease or sublease of the Premises made in accordance with Article 14 above.

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.