Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Article 3 describes, Property Expenses for each calendar year of the Term. Landlord will prorate Property Expenses for the calendar year in which this Lease commences or terminates as of the Commencement Date or termination date, as applicable, on a per diem basis based on the number of days of the Term within such calendar year.
Payment of Property Expenses. 8 3.2 Estimation of Property Expenses........................................ 8 3.3 Payment of Estimated Property Expenses................................. 8 3.4
Payment of Property Expenses. The Property Expenses to be paid by Tenant under Paragraph 6 herein are the direct responsibility of Tenant, but Landlord shall collect Property Expense payments from Tenant and pay the appropriate entities directly. The installments of Real Property Taxes and special assessments to be paid by Tenant shall be paid to Landlord not later than twenty (20) days prior to the date the installment becomes delinquent and insurance premiums shall be paid to Landlord not later than twenty (20) days prior to the due date, but shall not be due prior to ten (10) days after receipt of a xxxx therefor from Landlord. If Landlord does not receive a tax xxxx sufficiently detailed to perform the allocations of Real Property Taxes provided for herein, or if the assessor's office does not have sufficiently detailed records to perform such allocations by the date specified, Landlord shall estimate the allocations and reconcile such amounts as provided below. For Common Area Expenses and all other Property Expenses, Tenant shall pay to Landlord monthly, in advance, an amount estimated by Landlord to be Landlord's average' monthly expenditures for such Property Expenses items, which estimated amount shall be reconciled once each year, in the month of September for the twelve (12) month period ending the preceding June 30, with Landlord's actual expenditures for said Property Expenses items. After reconciliation, Tenant shall pay to Landlord within thirty (30) days after receipt of an invoice from Landlord, the amount of actual expenses expended by Landlord in excess of the estimated amount collected from Tenant, provided that Tenant shall have the right to offset against any such amount due to Landlord any sum owed to Tenant by Landlord, or Landlord shall, within thirty (30) days after such reconciliation, refund to Tenant (provided Landlord shall have the right to offset against any such amount due to Tenant any sum owed to Landlord by Tenant) or credit against the next succeeding installment of Rent or other sum then due to Landlord under this Lease the amount of estimated payments made by Tenant in excess of Landlord's actual expenditures for said Property Expenses items. Landlord may also charge Tenant a management fee of two percent (2%) of the Rent to be paid by Tenant under the Lease. Landlord shall maintain adequate books and records of Property Expenses for the Complex and tenant shall have the right to review such books and records to ascertain the accuracy of Landlord'...
Payment of Property Expenses. Except for any item to be prorated at Closing in accordance with this Agreement, all bills or other charges, costs or expenses arising out of or in connection with or resulting from Seller's use, ownership, or operation of the Property up to Closing shall be paid in full by Seller.
Payment of Property Expenses. 6 3.2 Estimation of Tenant's Share of Excess Property Expenses...............................6 3.3 Payment of Estimated Tenant's Share of Excess Property Expenses........................6 3.4 Confirmation of Tenant's Share of Excess Property Expenses.............................6 3.5 Tenant's Inspection and Audit Rights...................................................6 3.6 Adjustment for Variable Property Expenses..............................................7 3.7
Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Article 3 describes, Tenant's Share of Excess Property Expenses for each calendar year of the Term; provided, however, that, notwithstanding anything in this Lease to the contrary, Tenant will not be required to pay Tenant's Share of Excess Property Expenses for calendar year 2006. Landlord will prorate Tenant's Share of Excess Property Expenses for the calendar year in which this Lease commences or terminates as of the Commencement Date or termination date, as applicable, on a per diem basis based on the number of days of the Term within such calendar year.
Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Article 3 describes, Tenant’s Share of Property Expenses for each calendar year of the Term. If the Term includes any partial calendar years, or Tenant is otherwise required under this Lease to pay Tenant’s Share of Property Expenses for only part of a full calendar year, Landlord will appropriately prorate Tenant’s Share of Property Expenses for such partial calendar year on a per diem basis based on the number of days within such partial calendar year.
Payment of Property Expenses. 1. Notwithstanding anything in Section 47 of the Lease to the contrary, Landlord (a) with respect to any portion of the Premises located in a in a Multi-Tenant Building shall, and (b) with respect to any portion of the Premises located in a Building that is fully leased by Tenant may, at Landlord’s option, include amounts representing a reasonable estimate of the average monthly cost (determined by dividing the estimated total annual cost of each such category by 12) of Real Property Taxes and assessments and insurance premiums payable by Tenant in Landlord’s estimated average expenditures of Property Expenses, for payment on a monthly basis in the manner provided in Section 47 with respect to Property Expenses, in lieu of billing Tenant separately for such items.
2. The following is added to the end of the first paragraph of Section 47: “, provided that such audit is commenced within 12 months following Tenant’s receipt of Landlord’s reconciliation for the previous 12-month period and thereafter diligently prosecuted to completion.”
3. Section 47 is hereby amended to reflect that Landlord’s annual reconciliation is prepared on a calendar year basis, with Landlord’s annual reconciliation statement delivered to Tenant as soon as practicable following the end of each calendar year. Landlord shall use reasonable efforts to furnish the reconciliation statement on or before June 1 of the calendar year immediately following the calendar year to which the statement applies.
Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Section 4 describes, Tenant’s Share of Property Expenses for each calendar year of the Term. Landlord will prorate Tenant’s Share of Property Expenses for the calendar year in which this Lease terminates as of the termination date, as applicable, on a per diem basis based on the number of days of the Term within such calendar year.
Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Article 3 describes, Xxxxxx’s Share of Property Expenses for each calendar year of the Term. Landlord will prorate Tenant’s Share of Property Expenses for the calendar year in which this Lease commences or terminates as of the Rent Commencement Date or termination date, as applicable, on a per diem basis based on the number of days of the Term within such full or partial calendar year.
