This office lease clause is used to respond to various changes that might occur within the tenant's office building or shopping center.
Illinois Measurement Representations and Proportionate Share Adjustment of Tenants Proportionate Tax Share
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Your pro rata share of household operating expenses is the average monthly household operating expenses (based on a reasonable estimate if exact figures are not available) divided by the number of people in the household, regardless of age.
The pro-rata share is the percentage of expenses shared by the tenant for the shopping center or office building. In most leases, the pro-rata share is calculated as a fraction of the tenant's demised square footage divided by the total square footage of the shopping center or the building.
The amount due to each shareholder is their pro rata share. This is calculated by dividing the ownership of each person by the total number of shares and then multiplying the resulting fraction by the total amount of the dividend payment.
Pro rata is a calculation that determines the fair distribution of a fixed amount. These calculations are common for issuing dividends and determining part-time salaries. You can calculate pro rata by determining the payee's portion and multiplying it by the total fixed amount.
The easiest way to work out pro rate salary is by dividing the total annual salary by the number of full-time hours. You can then multiply the result by the pro rata hours worked.
Pro-rata share is defined as an equal proportion of a whole. If 5 people want to split a $50 dinner bill using pro-rata share, each person will pay $10. We will focus on subparts (a) and (c) as it relates to aviation: 14 CFR § 61.113 - Private pilot privileges and limitations: Pilot in command.
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.