Real Estate Charges definition
Real Estate Charges shall include ad valorem taxes, general and special assessments, parking surcharges, fees imposed by any property owner’s or civic association, any tax or excise on rents, any tax or charge for governmental services (such as street maintenance or fire protection) and any tax or charge which replaces any of such above-described “Real Estate Charges”; provided, however, that “Real Estate Charges” shall not be deemed to include any franchise (except as set forth below), estate, inheritance or general income tax; provided, further, that the immediately preceding exclusions notwithstanding, Real Industrial Lease
Real Estate Charges shall include ad valorem taxes and any other taxes on the Industrial Complex, general and special assessments, parking surcharges, any tax or charge for governmental services (such as street maintenance or fire protection) which are paid by Landlord and are attributable to the transfer or transaction directly or indirectly represented by this lease, by any sublease or assignment hereunder or by other leases in the Industrial Complex or by any document to which Tenant is a party creating or transferring (or reflecting the creation or transfer of) any interest or an estate in the Demised Premises and any tax or charge which replaces or is in addition to any of such above-described "real estate charges"; real estate charges shall also include any fees, expenses or costs (including attorneys' fees, expert fees and the like) incurred by Landlord in protesting or contesting any assessments levied or the tax rate but only to the extent that Landlord is successful in reducing any such taxes, assessments or charges. "Real estate charges" shall not be deemed to include sales tax payable by Tenant pursuant to Section 4.6 above, any franchise, estate, inheritance or general income tax, or any interest or penalties (except to the extent that such interest or penalties are caused by any late payment by Tenant). "Insurance expenses" shall include all premiums and other expenses incurred by Landlord for liability insurance and fire and extended coverage property insurance (plus whatever endorsements or special coverages which Landlord, in Landlord's sole but reasonable discretion, may consider appropriate), business interruption, and rent loss, earthquake and any other insurance policy which is carried by Landlord from time to time during the term of this lease insuring the Demised Premises, the Common Area, the Industrial Complex, or any improvements thereon.
Real Estate Charges shall include ad valorem taxes, general and special assessments, parking surcharges, taxes or excises on rents, taxes and charges for governmental services (such as street maintenance or fire protection), and any tax or charge which replaces any such above described Real Estate Charges; provided, however, that Real Estate Charges shall not be deemed to include any franchise, estate, inheritance or general income tax. "Insurance Expenses" shall include all premiums and other expenses incurred by Landlord for liability insurance and fire and extended coverage property insurance (plus whatever endorsements or special coverages Landlord, in Landlord's sole discretion, may consider appropriate).
Examples of Real Estate Charges in a sentence
Additional Rent includes, but is not limited to, Real Estate Charges and Insurance Expenses, as defined herein below.
The initial annual nets for Real Estate Charges and Insurances Expenses are estimated at $_____/SF.
For purposes of this Lease, the term "Rent," "Rents," "Rental" or "Rentals" shall be deemed to include Base Rent (Sections 1.1(l)) and 4.1 of this Lease), Tenant's required payments for Real Estate Charges and Insurance Expenses (Article VI of this Lease), Operating Costs (Section 7.4 of this Lease) and Additional Rent.
Real Estate Charges shall expressly include (a) the franchise tax set forth in V.T.C.A. Tax Code Section 171.0001 et seq., as the same may be amended or recodified from time to time, and (b) any new taxes levied against Landlord and/or the Project in lieu of or in substitution of any ad valorem taxes on the Project or otherwise as a result of property tax reform in the State of Texas.
Real Estate Charges shall not be deemed to include any franchise, estate, inheritance or general income tax, but shall include any such sales, excise or other tax imposed, assessed or levied in connection with ▇▇▇▇▇▇▇▇’s receipt of Tenant’s payment of Guaranteed Rental, additional rent or other sums payable hereunder.
Tenant shall also be liable for Tenant's Proportionate Share of all Real Estate Charges (as defined below) and Insurance Expenses (as defined below) related to the Project or Landlord's ownership of the Project.
Tenant shall pay to Landlord the Real Estate Charges, Insurance Expenses and Operating Expenses (collectively, “Pass-Through Costs”) as set forth above.
Real Estate Charges for tax years commencing prior to or extending beyond the Lease Term shall be prorated to coincide with the corresponding Commencement Date or expiration date of this Lease.
If the Building is not separately assessed, Real Estate Charges allocated to the Building shall be an equitable proportion of the Real Estate Charges for all of the land and improvements included within the tax parcel assessed.
Tenant's Proportionate Share of Taxes, Other Real Estate Charges and Common Area Charges for the Expansion Space are estimated to be $15,897.60 per month.
More Definitions of Real Estate Charges
Real Estate Charges shall include ad valorem taxes, general and special assessments, improvement bond or bonds, levy or tax, any tax or excise on rents, any franchise or gross margins or receipt tax, any tax or charge for governmental services, any tax, exaction or other charge imposed in connection with the ownership, operation, leasing or use of the Premises, any reasonably similar tax or charge which replaces any of such above- described Real Estate Charges, any tax or charge which is implemented after the Effective Date and is assessed in lieu of the whole or part of any of such above-described Real Estate Charges, and any reasonable fees paid by Landlord to consultants, attorneys and other professionals who monitor, negotiate and/or contest any or all above-described Real Estate Charges; provided, however, that Real Estate Charges shall not be deemed to include any capital stock, estate, inheritance or general income tax.
Real Estate Charges shall include ad valorem taxes, general and special assessments, improvement bond or bonds, levy or tax, parking surcharges, any tax or excise on rents, any franchise or gross margins or receipt tax, any tax or charge for governmental services (such as street maintenance or fire protection), any tax, exaction or other charge imposed in connection with the ownership, operation, leasing or use of the Project, any tax or charge which replaces or is in addition to any of such above-described Real Estate Charges, any tax or charge which is implemented after the date of this Lease and is reasonably determined by Landlord to have been assessed in lieu of the whole or part of any of such above-described Real Estate Charges, and any fees paid by Landlord to consultants, attorneys and other professionals who monitor, negotiate and/or contest any or all above-described Real Estate Charges; provided, however, that Real Estate Charges shall not be deemed to include any capital stock, estate, inheritance or general income tax or any CPACE assessments (Commercial Property Assessed Clean Energy). Real Estate Charges shall expressly include (a) the franchise tax set forth in V.T.C.A. Tax Code Section 171.0001 et seq., as the same may be amended or recodified from time to time, and (b) any new taxes levied against Landlord and/or the Project in lieu of or in substitution of any ad valorem taxes on the Project or otherwise as a result of property tax reform in the State of Texas. "Insurance Expenses" shall include all premiums, deductibles and other expenses incurred by Landlord for liability (including umbrella) insurance, property insurance and business interruption insurance (including, without limitation and to the extent deemed appropriate by Landlord, environmental coverage, pollution coverage, mold coverage, terrorism coverage and whatever other special coverages and/or endorsements that Landlord, in Landlord's reasonable discretion, may from time to time consider appropriate in connection with Landlord's ownership, management or operation of the Project). Landlord shall have the right to reasonably reduce or terminate any such insurance or coverage at any time, provided that Landlord shall maintain commercially reasonably insurance consistent with best practices.
Real Estate Charges shall include ad valorem taxes, general and special assessments, any tax or charge for governmental services (such as street maintenance or fire protection) which are attributable to the transfer or transaction directly or indirectly represented by this Lease, by any sublease or assignment hereunder or by any document to which Tenant is a party creating or transferring (or reflecting the creation or transfer) or any interest or an estate in the Demised Premises and any tax or charge which replaces or is in addition to any of such above- described “Real Estate Charges”; Real Estate Charges shall also include any fees, expenses or costs (including attorney’s fees, expert fees and the like) reasonably incurred by Landlord in protesting or contesting any assessments levied or the tax rate. Real Estate Charges shall not be deemed to include any franchise, estate, inheritance or general income tax, but shall include any such sales, excise or other tax imposed, assessed or levied in connection with ▇▇▇▇▇▇▇▇’s receipt of Tenant’s payment of Guaranteed Rental, additional rent or other sums payable hereunder. “Insurance Charges” shall mean the premium for the insurance that Landlord is required to maintain pursuant to Section 11.2.
Real Estate Charges. (as defined below) and “Insurance Charges” (as defined below) related to the Facility or Landlord’s ownership of the Facility. Tenant’s obligations under this Section 4.4 shall be prorated during any partial year (i.e., the first year and the last year of the Lease Term). “Real Estate Charges” shall include ad valorem taxes, general and special assessments, any tax or charge for governmental services (such as street maintenance or fire protection) which are attributable to the transfer or transaction directly or indirectly represented by this Lease, by any sublease or assignment hereunder or by any document to which Tenant is a party creating or transferring (or reflecting the creation or transfer) or any interest or an estate in the Demised Premises and any tax or charge which replaces or is in addition to any of such above- described “Real Estate Charges”; Real Estate Charges shall also include any fees, expenses or costs (including attorney’s fees, expert fees and the like) reasonably incurred by Landlord in protesting or contesting any assessments levied or the tax rate. Real Estate Charges shall not be deemed to include any franchise, estate, inheritance or general income tax, but shall include any such sales, excise or other tax imposed, assessed or levied in connection with ▇▇▇▇▇▇▇▇’s receipt of Tenant’s payment of Guaranteed Rental, additional rent or other sums payable hereunder. “Insurance Charges” shall mean the premium for the insurance that Landlord is required to maintain pursuant to Section 11.2.