Common use of Limited Common Use Formula Clause in Contracts

Limited Common Use Formula. “Limited Use Formula” is a formula for calculating the appropriate charges to be levied on tenants leasing Limited Common Use Space, whereby each tenant utilizing a Shared Area shall pay that proportion of the rent attributable to the Limited Common Use Space as its Exclusive Space in said Shared Area bears to the total amount of Exclusive Space in said Shared Area leased by all tenants of said Shared Area.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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