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 District of Columbia Building Operating Cost Addendum is a legal document that is specifically used within the real estate industry. It is an addendum to a lease agreement for commercial properties in the District of Columbia. This particular addendum is designed to outline and specify the responsibilities for operating costs related to the leased property. It provides a comprehensive breakdown of various expenses that the tenant will be responsible for paying, in addition to the base rent amount. These expenses typically include utilities, maintenance, repairs, insurance, and other operational costs that are necessary to maintain the property. The District of Columbia Building Operating Cost Addendum is developed to protect both the landlord and tenant by clearly defining the financial obligations of each party. This ensures that there is transparency and clarity regarding the costs associated with the property's operation. It is important to note that there might be different types or variations of the District of Columbia Building Operating Cost Addendum, depending on the specific terms and conditions agreed upon by the parties involved. Some variations may include specific clauses related to tax increases, common area maintenance charges, or property management fees. Overall, the District of Columbia Building Operating Cost Addendum is a crucial legal document that helps to establish the financial expectations and responsibilities between landlords and tenants in commercial lease agreements. It highlights the various operating expenses that tenants must contribute towards, facilitating a fair and transparent relationship between both parties.
