This office lease clause is used to respond to various changes that might occur within the tenant's office building or shopping center.
Kentucky Measurement Representations and Proportionate Share Adjustment of Tenants Proportionate Tax Share
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Multi-State
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US-OL707
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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.