Property Expenses Clause Samples
The Property Expenses clause defines which party is responsible for paying costs associated with the ownership, operation, and maintenance of a property. Typically, this clause outlines whether the landlord or tenant must cover expenses such as utilities, property taxes, insurance, repairs, and common area maintenance. By clearly allocating financial responsibility for these ongoing costs, the clause helps prevent disputes and ensures both parties understand their obligations regarding property-related expenses.
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Property Expenses. The Tenant shall be required to pay the following prorated property expenses: (check all that apply) - Real Estate Taxes - Property Insurance - Common Area Maintenance (CAMs) - Other. .
Property Expenses. The term “Property Expenses” shall mean all capital expenses, joint interest b▇▇▇▇▇▇▇, lease operating expenses, lease rental and maintenance costs, royalties, Taxes (as defined Section 8.1(a)), drilling expenses, dewatering expenses, completion expenses, geological, geophysical and any other exploration, development or maintenance expenditures chargeable under applicable operating agreements or other agreements consistent with the standards established by the Council of Petroleum Accountant Societies of North America that are attributable to the Assets.
Property Expenses. In addition to the Rent, the Tenant is required to pay: (check one)
Property Expenses. The Tenant shall be required to pay their prorated share of property expenses: (check one)
Property Expenses. The Tenant shall be required to pay prorated CAM fees for their share of the entire property: (check all that apply) ☐ - Real Estate Taxes ☐ - Property Insurance ☐ - Common Area Maintenance (CAMs) ☐ - Other. .
Property Expenses. In the ordinary course of business, Seller has paid all property expenses attributable to the period of time prior to the Effective Time as such property expenses become due, and such property expenses are being paid in a timely manner before the same become delinquent, except such property expenses as are disputed in good faith by Seller in a timely manner and for which Seller shall retain responsibility.
Property Expenses. Invoices for Property Expenses received by Buyer that relate to operations on the Assets prior to the Effective Time shall be forwarded to Seller by Buyer, or if already paid by Buyer, invoiced by Buyer to Seller. Invoices for Property Expenses received by Seller that relate to operations on the Assets at or after the Effective Time shall be forwarded to Buyer by Seller, or if already paid by Seller, invoiced by Seller to Buyer.
Property Expenses. Developer shall be solely responsible for all costs and expenses associated with acquisition, construction, remodeling, furnishing, inspection, appraisal and/or conveying the Developer Property.
Property Expenses. There shall be no proration at Closing of utilities and Common Area assessments for the Unit or the ABAG Unit. These expenses shall be paid by ABAG and the BAHA, respectively, after Closing.
Property Expenses. Seller has paid timely its share of all costs and expenses attributable to the Properties for the period of time prior to the Effective Time and with respect to which it has received an applicable invoice, except such costs and expenses as are being disputed in good faith by Seller in a timely manner and for which Seller shall retain responsibility.