REAL ESTATE TAXES AND INSURANCE. As used herein, the following terms wherever initially capitalized shall have the following meanings:
REAL ESTATE TAXES AND INSURANCE. Real Estate Taxes and Property Insurance shall be the responsibility of the Landlord. Insurance in this regard is the property insurance to cover the building(s), parking lots, etc., but does not include coverage of any property of the Tenant, his employees or persons visiting the premises.
REAL ESTATE TAXES AND INSURANCE. Tenant shall also pay its pro rata share of all real estate taxes and assessments levied on the leased premises and insurance premiums for fire and extended hazard and all other insurance premiums including liability insurance for the leased premises.
REAL ESTATE TAXES AND INSURANCE. During the term of this Lease, Lessee shall pay, in addition to the Base Rent, its pro rata share of real estate taxes and assessments as herein defined for each year of the term hereof. In addition, during the term of this Lease, Lessee shall pay as additional rent its pro rata share of commercial general liability insurance and an all risk property insurance policy on the Building and Demised Premises as herein defined. During any part of the term hereof which shall be less than a full calendar year, taxes, assessments, and insurance set forth hereinabove shall be prorated on the basis of a calendar year between the parties to the end that Lessee shall pay only that amount attributable to the portion of the calendar year occurring within the term of this Lease. The aforesaid sum to be paid by Lessee under this section shall be estimated by Lessor at or prior to commencement of each lease year. During the first lease year, Lessee shall pay to Lessor the amount of $4,173.60 each month on the first day of each month, which is Lessee's initial share of the projected real estate taxes and insurance. Lessor shall notify Lessee of such estimate and Lessee shall pay said estimate in equal monthly installments, each in advance, on the first day of each and every calendar month, together with Lessee's Base Rent, throughout the initial lease year. At the end of the lease year and when Lessor has calculated Lessee's pro rata share of taxes, assessments, and insurance, Lessor shall notify Lessee of such amount. Any deficiency in the payment by Lessee shall be paid by Lessee to Lessor upon receipt of the notice. Any surplus amount paid by Lessee during the preceding lease year shall be applied against the next monthly installment(s) of real estate taxes and insurance due. The term "real estate taxes" shall be deemed to mean taxes and assessments, special or otherwise, levied upon or with respect to the Building and the land upon which it is located, imposed by federal, state, or local governments, but shall not include income, franchise, capital stock, estate, or inheritance taxes. The term "insurance" shall be deemed to mean a commercial general liability policy and an all risk insurance policy on all buildings and all improvements, presently existing or hereafter erected on the property of which the Demised Premises forms a part, in an amount equal to the replacement cost thereof.
REAL ESTATE TAXES AND INSURANCE. In addition to the Base Rent above referenced, Tenant shall pay a portion of the annual Town of Middleburg and County of Loudoun real property taxes assessed to the building (which totals $10,001.72 for the 2004 tax year). The Tenant occupies approximately 11.4% of the building; therefore, Tenant shall pay an annual amount of $1,437.38, in monthly installments of $119.78, as additional rent. In addition to the Base Rent above referenced, Tenant shall pay a portion of the annual insurance for the building (currently totaling $2,694.00). Based on Tenant's above-mentioned occupancy of the building, Tenant shall pay an annual amount of $387.17, in monthly installments of $32.26, as additional rent. Any increase or decrease in either of these amounts will be adjusted accordingly.
REAL ESTATE TAXES AND INSURANCE. PREMIUMS As a part of the Rent due under this Lease, Lessee shall pay, in addition to the base rental due under Paragraph 3, its proportionate share of any increase in the real estate taxes and insurance premiums (in excess of $.99 per foot for taxes and $.06 per foot for insurance) on the property on the first day of each month. For the purpose of this Paragraph, Lessee shall be deemed to occupy 100% of the property. Lessee shall pay in monthly installments that 100% of the real estate taxes and insurance premiums on the property. Lessor shall notify Lessee of the amounts of said monthly real estate tax and insurance payments and shall make any necessary adjustments to reflect the increase or decrease in the amount of said real estate taxes or insurance premiums or any estimates thereof.
REAL ESTATE TAXES AND INSURANCE. Tenant acknowledges that Landlord’s cost for real estate taxes and liability insurance are currently $0.40 per square foot, and that such amounts are included in the Rent. However, Tenant agrees that, in the event that Landlord provides other insurance coverage or Landlord’s cost for either real estate taxes or liability insurance increase, then Tenant shall pay to Landlord as additional Rent its prorated share of such increase computed on a square footage basis.
REAL ESTATE TAXES AND INSURANCE. PREMIUMS The Tenant's proportionate share of base year Real Estate Taxes and Insurance Premiums will be increased to amounts equal to 70.96 percent (%) of the 1995 Taxes & Premiums paid by the Landlord for the whole building.
REAL ESTATE TAXES AND INSURANCE. Purchaser agrees to pay all taxes and special assessments, when due, and submit proof of payment to Seller OR within sixty (60) days from the due date.
REAL ESTATE TAXES AND INSURANCE. 19 6.5. Landlord's Hazardous Materials Responsibilities...................... 19 6.6. Landlord's Casualty Insurance........................................ 20 ARTICLE VII.
