This office lease clause states the conditions under which the landlord can and can not furnish any particular item(s) of work or service which would constitute an expense to portions of the Building during the comparative year.
Alaska Clause for Grossing Up the Tenant Proportionate Share
Category:
State:
Multi-State
Control #:
US-OL709
Format:
Word;
PDF
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How to fill out Clause For Grossing Up The Tenant Proportionate Share?
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FAQ
In general, the tenant's proportionate share is determined by taking the building's rentable square footage and dividing it by the tenant's rentable square footage. Local industry customs usually provide the landlord with the guiding principles for: Measuring the building.
Proportionate Share If the Premises are a part of a multiple tenancy complex, the responsibility of the Lessee for costs are determined by taking a percentage of the total cost of the expenses based upon the rentable floor space in said complex occupied by the Lessee.
