Ownership Costs. The City shall pay all Ownership Costs directly and the Hotel Developer shall have no obligation to pay or advance Ownership Costs.
Ownership Costs. Add the following to the end of the second paragraph: “Upon request, the Contractor shall provide the Engineer with the documentation that was submitted to and used by the Blue Book to establish the modified rates.” Add the following to the end of the fourth paragraph: “For the purpose of calculating non-operating hours, the total of the operating hours plus the non-operating hours shall neither exceed 8 hours in a day nor 40 hours in a week.” Delete “176 hours a month” at the end of the sixth paragraph and SUBSTITUTE “176 hours per 30 day period.”
Ownership Costs. Delete the second sentence in the second paragraph that begins with “If the Contractor has a piece of equipment remanufactured, …”, in its entirety.
Ownership Costs. Costs incurred by the landlord to maintain its ownership of the property are not generally considered appropriate to pass through to the tenants. Thus, landlords willingly agree to exclude debt service, ground rent, and the costs of defending the landlord’s title to the property from operating costs. A more interesting question arises in connection with linkage payments. In the 1980s, the City of Boston began to im- pose linkage payments on the developers of downtown office buildings as a condition to granting the permits necessary for the construction of the project. Linkage payments generally are fixed payments (i.e., the payments do not increase) that are payable over a period of years. These payments could be approximately $1 per square foot, not an insignificant cost. Some developers expressly included this cost in operating costs, which has a couple of interesting ramifications. First, because linkage payments do not increase over time, there was no benefit to the landlord unless the tenant was pay- ing operating costs on a pass-through basis or the base year was a “plug number,” as discussed in the next section. Un- less the linkage charge was disclosed to the tenants in the business negotiations leading to execution of the lease, one wonders at the propriety of burying such a significant charge in the bowels of the operating cost clause. Second, when office leases are extended or renewed, the operating cost base typically is changed to a current base year. It is therefore possible that the operating cost base might include the linkage charge but that subsequent years during the extension or renewal term might not include the linkage charge.
Ownership Costs. Ownership costs increased $
Ownership Costs. Owner shall pay all fees, dues, interest and assessments payable to the HOA when due, and in the event Owner fails to make such payment within 30 days of the due date, the HOA shall have the right, at the HOA’s sole discretion, to apply Owner’s Distribution against the outstanding debt plus a $25.00 per month processing fee. Owner shall indemnify and hold harmless the HOA, the Property Manager and their owners, employees, Board of Directors of the HOA, officers, agents, contractors, guests, licensees and invitees against all claims, damages, losses and liabilities including attorney’s fees arising from the failure of the Owner to pay any of the fees, dues and assessments provided for herein. In addition, Owner shall be responsible for paying promptly, before delinquency, all costs constituting debt service on loans encumbering the Unit, property taxes for the Unit, housekeeping charges for Owner, Owner’s family and Owner’s guests.
Ownership Costs. 1. Current replacement cost $
2. a) Total useful life (see Table 1) yr. b) Average age during lease period yr. c) Years of life remaining (a - b) yr. (adjusted for condition)
Ownership Costs. Delete the second sentence in the second paragraph that begins with “If the Contractor has a piece of equipment remanufactured, …”, in its entirety. Delete “in the shift” from the third paragraph and Substitute with “in an eight-hour shift”.. Add the following to the end of the third paragraph: “For the purpose of calculating non-operating hours, the total of the operating hours plus the non-operating hours shall neither exceed 8 hours in a day nor 40 hours in a week.” Delete “176 hours a month” at the end of the fifth paragraph and Substitute with “176 hours per 30 day period.”
Ownership Costs. Analysis of ownership, operational or maintenance costs.
