Common use of Fees, Taxes and Monthly Charges Clause in Contracts

Fees, Taxes and Monthly Charges. 4.1 LEASE FEE, TAXES AND SHARED COSTS The Lessee shall pay a monthly Lease Fee to the Lessor. The monthly Lease Fee payment shall be calculated in a separate document drawn between the Lessor and Lessee. See Addendum: Lease Fee Summary of Monthly Charges for the calculation of these charges as of the date of this Lease. The fee will include the Lessee’s portion of town taxes on the buildings/improvements and the land, as well as shared costs incurred in managing the land of which the Leasehold is a part if applicable. Monthly charges for shared costs may include a management fee for office and staff, fees for bookkeeping, water and sewer, driveway maintenance, snow plowing, mowing or insurance. These shared expenses are derived from the Land Use Plan and, if one exists, the Land Management Plan, as well as this Lease Agreement. All tax bills and invoices for additional monthly charges for shared expenses will be available for the Lessee’s review. 4.2 LAND USE FEE A lease fee to the Land Trust from the lessee shall be paid monthly, or upon billing by the Land Trust, whichever monthly lease fee payment shall be calculated in a separate document drawn between the Land Trust and lessee but in all cases that fee shall contain the following: a) An assessment for the lessee's portion of town taxes, both taxes on buildings and improvements owned by the lessee and a portion of taxes on the land. b) An assessment for lessee's share of costs incurred by the Land Trust in managing the land, common improvements, and lease agreements of the Site. This shall include, but not be limited to insurance on the land, maintenance and upkeep on commonly used driveways, commonly established sewage and water facilities, commonly used play areas and garden and recreation areas, and other physical management responsibilities of the Land Trust as specified in the management plans prepared by the Land Trust in cooperation with lessees of any portion of the Site. It shall also include a fee for organizational expenses involved with the Land Trust's meeting its responsibilities to oversee that the terms of the lease are met. This organizational expenses fee shall show as a "management" expense item under the "Management Budget" and shall be $40 per month per leasehold with the right of increase as follows: it is agreed that the rate of increase of the "management " line item in the "Management Budget" shall not exceed the rate of increase of the Federal Consumer Price Index, with the date of December 31, 2001 being the base-line date for such computations. c) Land Use Fee -- The Land Use Fee, or ground rent, is the estimated value for land rent in fair market rental rates for year round apartment and house rentals in the region. This portion of the lease fee may be reassessed by the Land Trust periodically in view of inflation and changes in fair market rentals for year round residents in the region. It is agreed that the rate of increase of the Land Use Fee shall not exceed the rate of increase of the Federal Consumer Price Index, with the date of December 31, 2000 being the base-line date for such computations.

Fees, Taxes and Monthly Charges. 4.1 LEASE FEE, TAXES AND SHARED COSTS The Lessee shall pay a monthly Lease Fee to the Lessor. The monthly Lease Fee payment shall be calculated in a separate document drawn between the Lessor and Lessee. See Addendum: Lease Fee Summary of Monthly Charges for the calculation of these charges as of the date of this Lease. The fee will include the Lessee’s portion of town taxes on the buildings/improvements and the land, as well as shared costs incurred in managing the land of which the Leasehold is a part if applicable. Monthly charges for shared costs may include a management fee for office and staff, fees for bookkeeping, water and sewer, driveway maintenance, snow plowing, mowing or insurance. These shared expenses are derived from the Land Use Plan and, if one exists, the Land Management Plan, as well as this Lease Agreement. All tax bills and invoices for additional monthly charges for shared expenses will be available for the Lessee’s review. 4.2 LAND USE FEE A lease fee to the Land Trust from the lessee shall be paid monthly, or upon billing by the Land Trust, whichever monthly lease fee payment shall be calculated in a separate document drawn between the Land Trust and lessee but in all cases that fee shall contain the following: a) : An assessment for the lessee's portion of town taxes, both taxes on buildings and improvements owned by the lessee and a portion of taxes on the land. b) . An assessment for lessee's share of costs incurred by the Land Trust in managing the land, common improvements, and lease agreements of the Site. This shall include, but not be limited to insurance on the land, maintenance and upkeep on commonly used driveways, commonly established sewage and water facilities, commonly used play areas and garden and recreation areas, and other physical management responsibilities of the Land Trust as specified in the management plans prepared by the Land Trust in cooperation with lessees of any portion of the Site. It shall also include a fee for organizational expenses involved with the Land Trust's meeting its responsibilities to oversee that the terms of the lease are met. This organizational expenses fee shall show as a "management" expense item under the "Management Budget" and shall be $40 per month per leasehold with the right of increase as follows: it is agreed that the rate of increase of the "management " line item in the "Management Budget" shall not exceed the rate of increase of the Federal Consumer Price Index, with the date of December 31, 2001 being the base-line date for such computations. c) . Land Use Fee -- The Land Use Fee, or ground rent, is the estimated value for land rent in fair market rental rates for year round apartment and house rentals in the region. This portion of the lease fee may be reassessed by the Land Trust periodically in view of inflation and changes in fair market rentals for year round residents in the region. It is agreed that the rate of increase of the Land Use Fee shall not exceed the rate of increase of the Federal Consumer Price Index, with the date of December 31, 2000 being the base-line date for such computations.