Common Area Charge shall initially mean an amount equal to $44.22 per square 8 foot of Floor Area of the Premises per annum. The Common Area Charge shall be payable for each year
Common Area Charge shall be an annual charge of [***] per square foot of the Premises for the Common Area Costs defined in Section 7.04(b), subject to adjustment as provided in Section 7.05.
Common Area Charge means the charges made to cover the operation and maintenance of the Buildings as set forth in the Fifth Schedule hereto which charges will be levied monthly based on the proportion the square footage of the Premises bears to the total rentable space in the building. The current rate is shown in Paragraph 10 of the Particulars and may be revised annually, if necessary, by the Lessor to reflect actual costs "Term" shall mean the period of this Lease commencing on the date shown in Paragraph 13 of the Particulars.
Examples of Common Area Charge in a sentence
If, without Landlord's written consent, Tenant holds over its possession of the Premises or any part thereof, no tenancy shall be created in the Premises and Tenant shall pay Landlord a use and occupancy fee for the Premises equal to twice the Fixed Minimum Rent specified in Section 4(a), and, in addition, pay the most recently computed monthly amount for the Common Area Charge, the Tax Charge, the Insurance Charge, and the Marketing Fund Charge.
The Landlord may, on giving not less than 60 days notice (unless implemented at the time of Lease signing), move to a Common Area utilities and maintenance charge in lieu of the separate charges referred to in clauses 7.2, 7.3, and 7.5. Such Common Area Charge (“CAC”), if implemented, will be considered as Additional Rent and will be based on an amount per square foot of the Premises.
The Tenant agrees to pay to Landlord as a component of the Common Area Charge for that portion of the cost of said insurance, which shall be determined by multiplying the Landlord's total premium expense [excluding the amount thereof attributable to insuring the Common Areas for which provision has been made in Subsection 4(C.)(i)] by the Tenant’s Prorata Share.
The Estimated Initial Common Area Charge is applicable for the first (1st) Lease Year of the Term of this Lease.
The Common Area Charge shall be paid in equal monthly installments due and payable in advance on the first (1st) day of each and every month during the Extended Term.
More Definitions of Common Area Charge
Common Area Charge. Tenant's annual proportionate share of Common Area Costs as more particularly determined pursuant to Section 3.04 hereof.
Common Area Charge shall have the meaning set forth in Section 12.08 ------------------ hereof.
Common Area Charge or “Common Area Charges” as used in this Lease shall mean and include all items identified in other paragraphs of this Lease as a Common Area Charge and the reasonable costs paid or incurred by Landlord for the operation, maintenance, repair, and management of the Project which costs shall include, without limitation: the cost of Services and utilities supplied to the Project (to the extent the same are not separately charged or metered to tenants of the Building); water; sewage; trash removal; fuel; electricity; heat; lighting systems; fire protection systems; storm drainage and sanitary sewer systems; periodic inspection and regular servicing of the heating and air conditioning systems of the Premises and the roof membrane; property and liability insurance covering the Building and the Land and any other insurance carried by Landlord pursuant to Paragraph 7 above; window cleaning; cleaning, sweeping; cleaning and repairing of sidewalks, curbs, stairways; costs related to irrigation systems and Project signs; fees for licenses and permits required for the operation of the Project; the cost of complying with Laws, including, without limitation, maintenance and repairs required in connection therewith (excluding any and all capital expenditures); costs related to landscape maintenance; and the cost of contesting the validity or applicability of any governmental enactments which may affect Common Area Charges. Given that the Project contains more than one (1) building, then the term “Common Area Charges” shall mean and include all of the Common Area Charges allocable to the Building and a proportionate share (based on the square footage of gross leasable area in the Building as a percentage of the total of square footage of gross leasable area of the buildings in the Project at the time in question) of all Common Area Charges which are related to the Project in general and are not allocated to any one building in the Project. Common Area Charges shall also include a management fee to Landlord in an amount not to exceed an amount not to exceed four percent (4%) of the monthly Rent payable hereunder, and such management fee shall be the sole cost or fee to be paid to Landlord by Tenant for management of the Project. The specific examples of Common Area Charges stated in this Paragraph 11.1 are in no way intended to and shall not limit the costs comprising Common Area Charges, nor shall such examples be deemed to obligate Landlord to incur such costs or to prov...
Common Area Charge. Tenant's Pro Rata Share of the Common Area Gross Costs. Landlord estimates, without any representation or warranty but in good faith based on Landlord's experience with the Shopping Center (as hereinafter defined), that Tenant's Common Area Charge for the first Lease Year (it being understood and agreed that the first six (6) months of the Term shall be free of any Common Area Charge to Tenant) will be approximately $1.00 per square foot. (See Section 12.3).
Common Area Charge or "Common Area Charges" as used in this Lease shall mean and include all items identified in other paragraphs of this Lease as a Common Area Charge and the reasonable and necessary costs paid or incurred by Landlord for the operation and routine maintenance and repair of the Project, which costs shall include, without limitation: the cost of Services and utilities supplied to the Project generally (to the extent the same are not separately charged or metered to tenants of the buildings located on the Land); maintenance and repair of fire protection, storm drainage and sanitary sewer systems; property and liability insurance carried by Landlord pursuant to Paragraph 8 above covering the Premises and other building or improvements located in the Project and the Land. Notwithstanding anything to the contrary contained in this Lease, within ninety (90) days after receipt by Tenant of Landlord's statement of Common Area Charges prepared pursuant to Paragraph 12.2 hereof for any partial annual period, Tenant or its authorized representative shall have the right to inspect the books of Landlord during the business hours of Landlord at Landlord's office within the Project (or within ten miles of the Project) or, at Landlord's option, such other location as Landlord reasonably may specify (but not further than ten miles from the Project), for the purpose of verifying the information contained in the statement. Unless Tenant asserts specific errors within ninety (90) days after receipt of the statement, the statement shall be deemed correct as between Landlord and Tenant.
Common Area Charge which shall be based on Lessee's pro-rata share of the square footage of Lessee's Premises and the aggregate number of square footage of leasable building space in the Brent Park 3 Building, which shaxx xxxxxxx all costs of owning, operating and insuring the Brent Park 3 Building, including xxx xxx xxmited to real estate taxes, insurance, assessments, and maintenance, water and sewer used in the normal course of operation for the intended use of Premises, (Leasable building space). During the first year of this Lease, the Common Area Charge shall be $2.00 per square foot per year and shall be payable monthly in advance as additional rent. In addition to the foregoing, Lessee shall pay the following:
Common Area Charge. Licensee shall pay to Licensor, as an additional charge, in the same manner as it pays the Minimum Fee to Licensor, the sum of $315.00 per month as a common area charge.