Common Area Maintenance Charges means all expenses, costs and disbursements which Landlord shall pay or become obligated to pay in connection with operating, maintaining and repairing the Building, Common Areas and Park Areas, snow removal, rubbish removal, cleaning, landscaping, operation of any common security system, common elevator, or heating and air conditioning system, or otherwise including, without limitation: (a) all wages and salaries of all Persons employed in connection therewith (including taxes, insurance and benefits relating thereto), (b) the cost of all supplies and materials used in connection therewith, (c) all maintenance, janitorial and service agreements including management agreements providing management fees not in excess of those customarily charged in the Greater Boston area, (d) utilities not separately metered, (e) insurance including, without limitation, casualty insurance, rent insurance, flood, hazard insurance, if applicable, liability insurance, by umbrella or otherwise, and all such other insurance coverage as Landlord's mortgagees or ground lessors may from time to time require Landlord may from time to time reasonably require or Landlord deems necessary or desirable under the circumstances, (f) assessments and other charges imposed on the owners of the Building or allocated to the Building, or the maintenance of the Park pursuant to operating covenants or otherwise, (g) capital items which are primarily for the purpose of reducing common charges or which may be required by a governmental authority as reasonably amortized by Landlord, and (h) pursuing any application for an abatement of Taxes. Common Area Charges shall not Include (1) capital items, except as provided above, (2) specific costs billed to and paid by specific tenants, or (3) costs incurred by Landlord during the first two Lease Years in connection with the repair and maintenance of the roof and structural elements of the Building. Common Area Charges shall be determined on an accrual basis in accordance with generally accepted accounting principles which shall be consistently applied.
Common Area Maintenance Charges means the costs and expenses described in Section 5.4.2 of this Lease.
Common Area Maintenance Charges means the total of all items of all costs and expenses related to operating, securing, insuring, complying with applicable law, administering, promoting, repairing, cleaning, preserving, altering, landscaping, legal fees and costs of any kind (except with respect to enforcement actions against tenants and negotiation of leases), lighting, replacing, maintaining and enhancing the utility of, the Building and Common Areas, payment of reasonable management fees with respect to the Building and Common Areas, promotional charges, and utilities for the Building. Common Area Maintenance Charges shall not include the following:
4.2.1 Costs of space planning, tenant improvements, marketing expenses, real estate broker commissions, and other costs, disbursements and expenses for leasing, renovating, or improving space for other tenants or occupants (and not Tenant) in the Building;
4.2.2 Costs of a capital nature with respect to roof replacement and structural components of the Building, except that the annual amortization of these costs over the useful life on a straight line basis, of the cost of such capital improvements, repairs, and replacements shall be included;
4.2.3 Legal fees arising out of collection and enforcement disputes and negotiations and lease negotiations with tenants of the Building or park;
4.2.4 Items and services that Landlord provides selectively to one or more tenants or occupants of the Building or park, other than Tenant and which Landlord is not obligated to provide Tenant;
Examples of Common Area Maintenance Charges in a sentence
A Half-yearly Common Area Maintenance Charges of Rs 300/- per sqm + GST/taxes as applicable, of actual area licensed shall be payable to Maha- Metro along with the advance license fee.
For the purpose of this Section, (1) a Monetary Default occurs if Tenant fails to pay any sum of money when due (including, but not limited to, Base Rent, Additional Rent, Percentage Rent, Escalation Rent, Common Area Maintenance Charges, Utility Charges, Pass-thru Expenses, or other Rent); (2) a Non-Monetary Default occurs if Tenant fails to perform any of its obligations under this Lease other than the timely payment of money.
If Landlord shall provide or designate a service for picking up refuse and garbage, Tenant shall use same at Tenant's cost whether billed directly or as part of Common Area Maintenance Charges.
For the purpose of looking after the common parts and portions and for rendition of common services the Vendor shall be entitled to appoint a Facility Management Company (hereinafter referred to as the FMC) on such terms and conditions as the Vendors in its absolute discretion may deem fit and proper and in addition to the payment of Common Area Maintenance Charges the Purchasers shall be liable to make payment of the said Management Fee till the formation of the Holding Organisation legally.
In case there is remaining substantial obligation as per agreement to sell the revenue is recognized as per percentage of completion method.Revenue from Common Area Maintenance Charges is recognized on accrual basis and in accordance with the respective agreement.
More Definitions of Common Area Maintenance Charges
Common Area Maintenance Charges means the total cost and expense reasonably incurred by Landlord in operating, maintaining, managing and repairing the Building and/or the Common Area, including, without limitation, costs and expenses for the following: gardening and landscaping; maintenance and repair of the nonstructural portions of the roof; pest extermination services; utilities, water and sewer charges (other than with respect to utilities separately metered and paid directly by Tenant or other tenants in the Building); maintenance of parking areas; fees, charges and other costs (including, without limitation, consulting, accounting and legal fees, but excluding legal and accounting fees directly attributable to other tenants) reasonably necessary to manage the Building (including a fee to Landlord for management of the Building and the Common Areas not to exceed four percent (4%) of the aggregate basic monthly rent collected from tenants in the Building); costs of compliance with any and all governmental laws, ordinances, and regulations applicable to the Building which were not applicable as of the Commencement Date; installation, maintenance and replacement of signs identifying the Building (other than Tenant's signs); all personal property taxes levied on or attributable to personal property to the extent used in connection with the Building and Common Area; rental or lease payments paid by Landlord for rented or leased personal property to the extent used in the operation or maintenance of the Building; fees for required licenses and permits; repairing, resurfacing, repaving, maintaining, painting, lighting, cleaning, refuse removal, security, and similar items; reasonable and customary operating reserves; a fee to Landlord not to exceed ten percent (10%) of the aggregate of the total of all other Common Area Maintenance Charges (exclusive of the 4% management fee and exclusive of Property Taxes and Insurance Charges) for Landlord's supervision and administration of the Building; and the amortized costs (as reasonably determined by Landlord over the appropriate useful life) to repair, maintain or install capital improvements to comply with governmental regulations or undertaken in good faith with a reasonable expectation of reducing operating costs. Landlord may cause any or all of such services to be provided by an independent contractor.
Common Area Maintenance Charges means the costs of operation, repair, replacement, security, maintenance and management of the Property and its Common Areas, whether located in or outside of the Property and shall include Landlord’s costs and expenses incurred in connection with the following by way of example and illustration but not limitation: (i) all buildings, roofs, retaining walls, entry-way features, water features and other building improvements and facilities used in common with other tenants of the Property, or in connection with the maintenance and/or operation of, and whether located within or outside of, the Property; (ii) all Taxes and assessments, including all costs associated with an appeal of any assessment of Taxes; (iii) governmental assessments or surcharges, including special assessments; (iv) all costs of insurance maintained by Landlord with respect to the Property; (v) all costs of maintenance, cleaning, inspection, security, fire detection and protection, supplies, janitorial, landscaping, window cleaning, garbage removal, trash removal services, parking lot cleaning, repair, replacement, or maintenance, together with the cost of maintaining, repairing, and replacing any HVAC, plumbing, electrical or other mechanical systems serving the Common Area or more than one demised space; (vi) audit, professional and consulting fees and expenses (vii) costs in erecting, maintaining, repairing and replacing pylon and/or monument signs identifying the Shoping Center and/or its anchor tenant (viii) leasing off-site parking areas for customers and employees of the tenants of the Property (ix) salaries, wages and other amounts paid or payable for all personnel (including an on-site and/or off-site property manager) involved in the repair, maintenance, administration, operation, security, gardening, landscaping, supervision, painting or cleaning of the Property, said costs shall also include such fees as may be paid in connection with same, such as management fees; (x) auditing and accounting fees and costs; (xi) any parking charges, utilities surcharges, or any other costs levied, assessed or imposed by, or at the direction of, or resulting from statutes or regulations, or interpretations thereof, promulgated by a governmental authority in connection with the use or occupancy of the Property or the parking facilities serving the Property; (xii) any fees assessed by a property owners’ association; (xiii) an administrative fee of % of Common Area Maintenance Charges for the Pr...
Common Area Maintenance Charges shall collectively mean all amounts expended in connection with the operation, repair, replacement and maintenance of the Common Areas, whether capital or non-capital in nature, and whether paid to Landlord or to a third party in connection with the same, including, without limitation, all amounts expended for all of the following:
(1) General maintenance and repairs, replacements, resurfacing, repaving, painting, restriping, cleaning, and sweeping;
(2) Refuse collection/removal and maintenance of refuse receptacles;
(3) Maintenance, repair and replacement of the non-structural roof (roof membrane) of the Building (including the cost of any service contract therefor);
(4) Maintenance, repair and replacement of exterior glass (window cleaning), sidewalks, curbs, irrigation systems, directional signs and other markers and bumpers;
(5) Gardening, including planting, replanting and pruning of landscaping;
(6) Pest control;
(7) Maintenance and repair of any fire protection systems, fire protection monitoring systems, Common Area lighting systems, Common Area storm drainage systems and any other common use utility systems;
(8) Fire Department or Fire District mitigation costs;
(9) Policing, including the cost of personnel employed to implement such services including, if Landlord deems necessary, the cost of security guards;
(10) Personal property taxes, assessments and possessory interest taxes, or amounts equivalent thereto if no possessory interest tax is assessed, on personal property located on, comprising or used in connection with the operation, repair or maintenance of the Common Areas;
(11) Any parking charges, utilities surcharges, or any other costs levied, assessed or imposed by, or at the direction of, or resulting from, statutes or regulations, or interpretations thereof, promulgated by any governmental authority in connection with the use or occupancy of the Building, the parking facilities serving the Building or any other portion of the Common Areas;
(12) Costs and expenses pertaining to a security system located in the Common Area for the tenants of the Building, if Landlord deems necessary;
(13) Costs and expenses for maintaining any access roads, if any;
(14) Depreciation and maintenance of operating machinery and equipment (if owned) and rental paid for such machinery and equipment (if rented);
(15) A reserve established to provide for the full replacement of all asphalt and pavement contained in the Common Areas at the end of the presently ...
Common Area Maintenance Charges or “CAM Charges” shall mean the charges payable towards the CAM, ground rents, taxes, water charges and costs payable to any authority. It shall include local taxes, betterment
Common Area Maintenance Charges means the total cost and expense incurred by Landlord in operating, maintaining, managing and repairing the Project Common Area, including, without limitation, costs and expenses for the following: gardening and landscaping; maintenance and repair of the roof; pest extermination services; utilities, water and sewer charges (other than with respect to utilities separately metered and paid directly by Tenant or other tenants in the Project); maintenance of parking areas; fees, charges and other costs (including, without limitation, consulting, accounting and legal fees, but excluding legal and accounting fees directly attributable to other tenants) reasonably necessary to manage the Building and Project (including a fee to Landlord for management of the Project and Project Common
Common Area Maintenance Charges means the total of all items of all reasonable and customary costs and expenses incurred by Landlord for operating, securing, insuring, complying with applicable law, repairing, cleaning, preserving, landscaping, lighting, replacing and maintaining the Building, and Common Areas, payment of reasonable management fees with respect to the Building, and utilities for the Building which are not separately metered; provided, however, that Tenant shall be responsible for only thirty five percent (35%) of such costs and expenses with respect to the truck court. Common Area Maintenance Charges shall not include the following:
4.2.1 Costs of space planning, tenant improvements, marketing expenses, real estate broker commissions, and other costs, disbursements and expenses for leasing, renovating, or improving space for other tenants or occupants (and not Tenant) in the Building;
4.2.2 Legal fees arising out of collection and enforcement disputes and negotiations and lease negotiations with tenants of the Building or park;
4.2.3 Items and services that Landlord provides selectively to one or more tenants or occupants of the Building or park, other than Tenant and which Landlord is not obligated to provide Tenant;
4.2.4 Expenses for maintenance, repair, replacement or other work required to be performed by Landlord pursuant to Section 7.1 (except Section 7.1 (ii));
4.2.5 Expenses for maintenance, repair, replacement or other work related to defects, whether patent or latent, in the Landlord’s Work (as defined in Exhibit “C”);
4.2.6 Expenses for maintenance, repair or replacement or other work covered under warranties or guarantees made or held by Landlord;
4.2.7 Fees, costs or expenses paid to an any entity controlled by, controlling, or under common control with, Landlord, to the extent that the amount paid exceeds the prevailing market rate for such services;
4.2.8 Capital costs, including capital improvements, capital repairs, capital equipment and capital tools, as determined in accordance with generally accepted accounting principles, consistently applied, except to the extent that such capital expenditure results in annual savings of Common Area Maintenance Charges equal to or greater than the cost of such item attributed to such year;
4.2.9 Costs of upgrade or otherwise of a capital nature incurred in connection with compliance with changes to handicap, life, fire and safety codes (but excluding the ordinary maintenance necessary for current compliance with su...
Common Area Maintenance Charges for any Lease Year shall mean those items of expenses of operating the Project which are paid by Lessee during such Lease Year (or, in the case of items all or some portion of which is paid in one (I) Lease Year, but properly chargeable to a different or to more than one (I) Lease Year, properly allocated to such Lease Year) that are charged to and reimbursed by Full-Site Tenant under its Full-Site Tenant Lease or Tenants under their Tenant Leases for such Lease Year, including, without limitation, charges for landscaping (including "afforested areas") and maintaining the Project, amounts paid to the Techny Property Association under the Declaration, utilities, repairs and maintenance of common areas (including payments to sub-associations for such repairs and maintenance), fees paid to management agents and other similar items; provided, however, that such fees or payments shall not be in excess of the actual expenses incurred plus reasonable reserves and reasonable management fees. Common Area Maintenance Charges for any Lease Year shall exclude (i) any other amounts payable during such Lease Year that are otherwise deducted in determining Adjusted Project Revenues, (ii) capital expenditures of any kind unless such expenditures are included in operating expenses chargeable to Full-Site Tenant under its Full Site Tenant Lease or Tenants under their Tenant Leases, provided such expenditures are amortized over the reasonably estimated life of the asset to which the capital expenditure relates, and (iii) Impositions. In addition, Common Area Maintenance Charges for any Lease Year shall exclude the amount of any fees or payments made to Lessee, FCL Founders Drive, LLC (including any Person that is the ground lessee under the Ground Lease at any time during the Lease Year for which any such calculation is being made), or to any of their respective Affiliates, in excess of the amounts for such fees that are reasonable and customary for similar services in the Chicago metropolitan commercial real estate market.