Common Area Maintenance. (CAM) shall mean Tenant’s pro rata share of the cost to maintain, clean or repair the common areas 14 and amenities of the Premises as set forth in Paragraph 7.
Common Area Maintenance means the common area maintenance to be provided by Lessor with respect to the areas of the Property that are not a part of the Demised Premises or in space for the exclusive use and occupancy of Another Lessee.
Common Area Maintenance. All expenses and costs arising out of or related to the operating, equipping, lighting, painting, cleaning, repairing, replacing, resurfacing, paving, repaving, and maintaining the Common Area and all portions and components thereof, including, without limitation, (i) the roof of the Premises (including all roof repairs but excluding roof replacement), (ii) the Common Area (including without limitation, the driveways, sidewalks and parking lot), including, without limitation, landscaping (including, without limitation, irrigating, fertilizing, mulching, strawing, planting, replanting and replacing flowers, trees, shrubs and grass), (iii) repairing or maintaining Utilities, and lighting, traffic control, sanitary assessments and services, removal of snow, trash, rubbish, garbage and other refuse, security services, pest control, depreciation and rental fees for machinery or other equipment with respect to such maintenance, all costs for or associated with supplies, material and personnel to implement any of the foregoing. Subject to Special Stipulation 2.
Examples of Common Area Maintenance in a sentence
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.
All utilities, real estate taxes, operating expenses and other apportionable income and expenses paid or payable by Seller, including without limitation, Common Area Maintenance charges due under the Leases (collectively “CAM Charges”), shall be apportioned pro rata on a per diem basis as of 12:01 A.M. on the date of Closing.
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.
The Licensee shall also be required to pay Common Area Maintenance Fees for the respective property Business space allotted to him.
As expenses included in Common Area Maintenance Expenses, Landlord will be responsible for landscaping and maintenance of common areas and parking areas, exterior painting, and common sewage line plumbing.
More Definitions of Common Area Maintenance
Common Area Maintenance as used in this Lease means all costs and expenses of every kind or nature incurred by Landlord in the operation, maintenance, replacement, and repair of the Building and the Property. Common Area Maintenance shall include, without limitation, the cost of police, security and fire protection services, if provided; mowing, gardening and landscaping; cleaning; repairs and painting; striping, sweeping; lighting (including the cost of electricity and maintenance and replacement of fixtures and bulbs); regulating traffic; rubbish, garbage and other refuse removal; pest control; ice and snow removal; machinery, equipment and supplies used in the operation and maintenance of the Building and the Property and facilities; repair of paving, curbs and walkways; utility and drainage fees and utilities, including telephone, cable, gas, electric, water and sewer charges; the cost to Landlord of personnel to implement this operation, maintenance, replacement, and repair of Building and the Property as provided above (including Worker’s Compensation insurance covering such personnel), and an administrative charge equal to fifteen percent (15%) of the total cost of the foregoing. Landlord and Tenant agree that Landlord shall have the sole discretion to determine whether or not a particular service is advisable and to employ such persons and acquire such equipment as Landlord deems advisable in order to provide and maintain the Building and the Property.
Common Area Maintenance. The LESSEE shall have the obligation for his pro rata share as set fourth in Paragraph 3 for the following items described below: Interior: LESSOR
Common Area Maintenance. Tenant shall pay to the Landlord "Tenant's share of common area maintenance cost," which shall mean the total common area maintenance cost (as hereinafter defined) of the property of which the Premises are a part, divided by the total number of rentable square feet of the building in which the Premises are located, multiplied by the number of square feet of said building which constitutes the Premises "Common Area Maintenance Cost" shall meet all actual cost paid by the Landlord or on its behalf in connection with the maintenance, operation, repair, cleaning, water and sewer cost, and security of the common areas of the property, as determined by the Landlord to be necessary or appropriate. The Tenant's Common Area Maintenance charge shall not increase above $.32 per square foot for the first year of this Lease.
Common Area Maintenance shall also include Landlord’s actual annual cost of procuring and maintaining insurance covering fire and such other risks as are from time to time included in standard extended coverage endorsements and special broad form coverages, insuring not less than ninety percent (90%) of the full insurable value of the Project, the Demised Premises Building 1 and Building 2, and improvements and betterments installed by Landlord or others within same, in addition to rent loss insurance. Tenant hereby acknowledges that Landlord will not insure Tenant's personal property, fixtures, equipment, furniture, machinery, decorations, stock-in-trade or other property or the contents within the Demised Premises belonging to the Tenant or others and Tenant shall be solely responsible for maintaining liability coverage and insurance on any and all of its personal property and all of the items herein set forth in this sentence. All Common Area Maintenance charges through the twelfth (12th) month of the Lease Term shall be included in Base Rent. Beginning on the first day of the thirteenth (13th) month after the Commencement Date and adjusted annually thereafter, Tenant shall pay to Landlord an amount equal to Tenant's proportionate share of any increase(s) in the Common Area Maintenance charges over the Base Year, estimated and computed in the same manner as set forth above for Tax Rent. Tenant shall pay its Pro Rata Share of the increase over the Base Year of such estimated Common Area Maintenance charges in equal monthly installments coincident with payment of Base Rent. Landlord shall make available to the Tenant within sixty (60) days of the end of each annual period during the Lease Term, a statement showing the Landlord’s actual costs of maintaining and operating the Common Areas. If Tenant’s Pro Rata Share of the actual Common Area Maintenance charges for such one year period (or portion thereof) exceeds the estimated amount paid by Tenant, Tenant shall pay to the Landlord the balance of its Pro Rata Share of such excess within thirty (30) days after receipt of a statement of Landlord therefore. If the estimated amount so paid by Tenant exceeded the Tenant's Pro Rata Share of the actual Common Area Maintenance charges, then, the Tenant’s share of such excess shall be credited against the next succeeding payment(s) due of Tenant's estimated Pro Rata Share of Common Area Maintenance charges for the next one year period. Failure of Landlord to provide any statement called f...
Common Area Maintenance. ("CAM") means, for each calendar year (or portion thereof) during the Term, the aggregate of all costs, expenses, and liabilities of every kind or nature paid or incurred by Landlord in connection with Landlord's obligation to take reasonable care of the Land and Building as provided in Section 8.
Common Area Maintenance or “CAM” shall mean the management, upkeep and maintenance of the Common Areas of the Project and includes but is not limited to cleaning/housekeeping, security, sanitation, upkeep of all common areas including any facilities/features required to be provided on account of the Environment Clearance provided by the Ministry of Environment and Forests. etc.
Common Area Maintenance means the cost of providing water, sewer, parking lot and landscape maintenance (including cleaning, policing, striping of walkways, sidewalks and parking areas, and the keeping of same drained , shrub and flower upkeep and replacement) and trash removal (excluding that trash generated by Tenant), reasonable, actual costs of managing the Common Areas and operating the Complex (which shall exclude Landlord’s overhead and shall not exceed the lesser of one percent (1%) of the rent specified by Paragraph 3 or competitive rates for such services), costs of legally mandated programs and capital costs of replacements and legally mandated improvements amortized over their useful lives in accordance with generally accepted accounting principles, plus interest on the unamortized portion of such cost at the Bank of America’s reference rate plus two percent (2%). All expenses to be taken into account pursuant to this paragraph shall be “net” only, and for such purpose shall be deemed reduced by the amount of reimbursement, recoupment, payment, discount or allowance received or receivable by Landlord in connection with such expenses.