Property Operating Costs definition

Property Operating Costs means all costs incurred in connection with the operation and maintenance of the Property during each Operating Year. Such costs shall include by way of example, rather than limitation;

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Property Operating Costs means those costs and expenses as further elaborated in Section 3.3.3.

Property Operating Costs means all reasonable costs incurred and expenditures of whatever nature made in the operation, management, repair, replacement, maintenance and insurance of the Building and the parking areas serving the Building (collectively, the “Property”), including without limitation a commercially reasonable management fee paid to Landlord’s property manager not to exceed one and three-quarters percent (13⁄4%) of gross revenues from the Property, the costs of Landlord’s management office for the Property, the cost of operating any amenities in the Property available to all tenants of the Property and any subsidy provided by Landlord for or with respect to any such amenity. To the extent that a cost included in Property Operating Costs is also allocable to property other than the Property, such cost shall be equitably allocated to each parcel of property which benefits from such cost. Property Operating Costs shall not include Excluded Costs.

Examples of Property Operating Costs in a sentence

NNN, plus Tenant’s Proportionate Share of Property Operating Costs The foregoing notwithstanding, Tenant shall have the right to convert the third (3rd), fourth (4th), and fifth (5th) two (2) year renewal options set forth above to one (1) year options, upon providing Landlord twelve (12) months notice prior to exercising each such one (1) year option.
NNN, plus Tenant’s Proportionate Share of Property Operating Costs Option Term Two: $10.50/sq.
NNN, plus Tenant’s Proportionate Share of Property Operating Costs Option Term Five: $12.00/sq.
NNN, plus Tenant’s Proportionate Share of Property Operating Costs Option Term Four: $11.50/sq.
NNN, plus Tenant’s Proportionate Share of Property Operating Costs Option Term Three: $11.00/sq.
In addition to Base Rent, Tenant shall pay to Landlord, at the times and in the manner hereinafter provided, as Additional Rent, Tenant’s Pro Rata Share of reasonable Building and Property Operating Costs.
The term "Property Operating Costs" shall mean the total cost and expense incurred, during each Lease Year, in managing, operating, equipping, lighting, repairing, replacing and maintaining the Property, as well as any owners association's common area assessments which are established and which are allocable to the Property as reasonably determined by the Landlord, annualized over a Lease Year.
The obligation of Tenant to pay Landlord Tenant's Pro-Rata Portion of the Property Operating Costs, or Landlord's obligation to refund any excess paid by Tenant shall survive the early termination or expiration of this Lease.
Following the end of each Lease Year, Landlord will ascertain the actual Property Operating Costs for the current Lease Year then ending, and shall compute the difference thereof from the Estimated Tenant's Share paid by Tenant for the applicable Lease Year.
Tenant shall also be obligated to pay Tenant’s Share of Property Operating Costs during each year of any renewal period, as determined pursuant to Section 4 herein.

More Definitions of Property Operating Costs

Property Operating Costs means the total cost and expense incurred, during each Lease Year, in managing, operating, equipping, lighting, repairing, replacing and maintaining the Property, as well as any owners association's common area assessments which are established and which are allocable to the Property as reasonably determined by the Landlord, annualized over a Lease Year. Such operating and maintenance costs shall include all costs and expenses of operating and maintaining such areas and facilities in such manner as Landlord may, from time to time, deem appropriate, and for the best interests of the tenants of the Property, including, without limitation, the following:

Property Operating Costs means all costs incurred and expenditures of whatever nature made in the operation, management, repair, replacement, maintenance and insurance of the Building and the parking areas serving the Building (collectively, the “Property”), including without limitation a management fee paid to Landlord’s property manager, the costs of Landlord’s management office for the Property, the cost of operating any amenities in the Property available to all tenants of the Property and any subsidy provided by Landlord for or with respect to any such amenity. To the extent that a cost included in Property Operating Costs is also allocable to property other than the Property, such cost shall be equitably allocated to each parcel of property which benefits from such cost. Property Operating Costs shall not include Excluded Costs.

Property Operating Costs means all reasonable and customary costs actually incurred in connection with the development (including Property Development Costs, but without duplication thereof ) and operation of the Property as contemplated hereby, which costs are incurred on or after the Effective Date and exclude only the following:

Property Operating Costs means any and all expenses, costs and disbursements of every kind and nature including but not limited to landscaping, snow removal, parking lot repairs and replacements, and other common area expenses for the Property which Tenant shall pay according to its Tenant's Share commencing with the second year thorough the duration of the Lease Term.