This office lease form is a supplement regarding the building operating expenses which are escalated to the tenant. This form lists items to be excluded from the calculation of building operating costs.
The Arizona Building Operating Cost Addendum is a legal document that outlines the additional expenses and costs associated with operating a building in the state of Arizona. It serves as an appendix to the lease agreement, specifically addressing the financial obligations and responsibilities of both the landlord and tenant. This addendum covers a wide range of expenses incurred during the operation of the building, ensuring clarity and transparency between the parties involved. Some key factors typically addressed in the Arizona Building Operating Cost Addendum include: 1. Common Area Maintenance (CAM) charges: This includes the cost of maintaining and repairing shared spaces, such as hallways, elevators, parking lots, and landscaping. CAM charges encompass services like janitorial work, security, utilities, and regular maintenance of common amenities. 2. Insurance costs: The addendum may specify whether the landlord or tenant is responsible for procuring insurance coverage for the building and its contents. This may encompass liability insurance, property insurance, and other relevant policies. 3. Property taxes: The allocation of property tax payments between the landlord and tenant is often determined in this addendum. It outlines the respective responsibilities for paying property taxes and any potential increases over the term of the lease. 4. Repairs and maintenance: The addendum may outline the tenant's obligations regarding repairs and maintenance of the leased premises. This typically includes repair costs for damages caused by the tenant or their employees. 5. Utilities: The distribution of utility costs, such as water, electricity, and gas, can be stipulated in the addendum. It determines whether the tenant is directly responsible for utility payments or if they are included in the rent. It is important to note that there may be different types or variations of the Arizona Building Operating Cost Addendum based on the particular circumstances of the lease agreement. For instance, there might be a separate addendum for commercial properties, residential properties, or specific types of buildings, such as retail spaces, office buildings, or industrial facilities. Each type of addendum will include relevant clauses and provisions tailored to the nature of the property and the specific obligations associated with its operation.
The Arizona Building Operating Cost Addendum is a legal document that outlines the additional expenses and costs associated with operating a building in the state of Arizona. It serves as an appendix to the lease agreement, specifically addressing the financial obligations and responsibilities of both the landlord and tenant. This addendum covers a wide range of expenses incurred during the operation of the building, ensuring clarity and transparency between the parties involved. Some key factors typically addressed in the Arizona Building Operating Cost Addendum include: 1. Common Area Maintenance (CAM) charges: This includes the cost of maintaining and repairing shared spaces, such as hallways, elevators, parking lots, and landscaping. CAM charges encompass services like janitorial work, security, utilities, and regular maintenance of common amenities. 2. Insurance costs: The addendum may specify whether the landlord or tenant is responsible for procuring insurance coverage for the building and its contents. This may encompass liability insurance, property insurance, and other relevant policies. 3. Property taxes: The allocation of property tax payments between the landlord and tenant is often determined in this addendum. It outlines the respective responsibilities for paying property taxes and any potential increases over the term of the lease. 4. Repairs and maintenance: The addendum may outline the tenant's obligations regarding repairs and maintenance of the leased premises. This typically includes repair costs for damages caused by the tenant or their employees. 5. Utilities: The distribution of utility costs, such as water, electricity, and gas, can be stipulated in the addendum. It determines whether the tenant is directly responsible for utility payments or if they are included in the rent. It is important to note that there may be different types or variations of the Arizona Building Operating Cost Addendum based on the particular circumstances of the lease agreement. For instance, there might be a separate addendum for commercial properties, residential properties, or specific types of buildings, such as retail spaces, office buildings, or industrial facilities. Each type of addendum will include relevant clauses and provisions tailored to the nature of the property and the specific obligations associated with its operation.
