The Dallas Texas Building Operating Cost Addendum is a legal document that is often included in leases or rental agreements for commercial properties in the Dallas, Texas area. This addendum outlines the responsibilities for building operating costs between the landlord and the tenant. It is important for both parties to fully understand the terms and conditions laid out in the addendum in order to avoid any disputes or confusion in the future. The purpose of the Dallas Texas Building Operating Cost Addendum is to clearly define and allocate the costs associated with operating and maintaining the building. These costs can include expenses such as property taxes, insurance premiums, utilities, maintenance and repairs, cleaning services, security, landscaping, and general upkeep of the premises. The addendum also outlines how these costs will be calculated and passed on to the tenant. There are different types of Dallas Texas Building Operating Cost Addenda, depending on the specific requirements and circumstances of the property. Here are some common types: 1. Triple Net Lease Addendum: This type of addendum is commonly used in commercial leases where the tenant is responsible for paying the property taxes, building insurance, and maintenance costs in addition to the base rent. 2. Gross Lease Addendum: In this case, the landlord assumes the responsibility of paying for all operating costs associated with the property. The tenant is typically only responsible for paying a fixed monthly rent without having to worry about additional costs. 3. Modified Gross Lease Addendum: This type of addendum combines elements of both the triple net lease and gross lease addendums. The tenant is responsible for paying some building operating costs, such as utilities and maintenance, while the landlord covers the rest. 4. Percentage Lease Addendum: This addendum is commonly used in retail spaces, where the tenant's rent is calculated as a percentage of their sales. In this case, the tenant may be responsible for a portion of the building operating costs based on their percentage of occupancy. It is essential to carefully review and negotiate the terms of the Dallas Texas Building Operating Cost Addendum before signing a lease agreement. Both landlords and tenants should seek professional advice from real estate attorneys or property management experts to ensure that the addendum accurately reflects the intended cost allocation and protects their respective interests.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.