Examples of Common Costs in a sentence
If the Sublandlord cannot obtain such an allocation, then the Sublandlord will determine the portion of taxes, rates, duties, assessments or charges attributable to each of the parts of the Common Area using the then current principles of assessment employed by taxing authorities and will add this portion to the Common Costs.
Within a reasonable time period following the end of each Year, the Homeowners Corporation will advise the Subtenant in writing of the actual amount of the Common Costs for the Year and the actual amount required to be paid as the Subtenant’s Proportionate Share of the Common Costs for the Year.
In the event the actual Common Costs for such Year are greater than the Common Costs that had been estimated by the Homeowners Corporation, the Homeowners Corporation shall have the right to either include the amounts in the Common Costs for the upcoming Year or assess the Subtenant for the shortfall, and the Subtenant shall pay such additional amounts at the time or times required by the Homeowners Corporation.
The costs of such insurance will be part of the Common Insurance Cost which shall form part of the Common Costs.
The Subtenant will not do or permit anything to be done which will cause an increase in the Common Costs.