This office lease clause states the conditions under which the landlord can and can not furnish any particular item(s) of work or service which would constitute an expense to portions of the Building during the comparative year.
Missouri Clause for Grossing Up the Tenant Proportionate Share is a lease provision commonly included in commercial real estate leases. It refers to the process of adjusting the tenant's proportionate share of operating expenses to account for variations in occupancy levels throughout the building or property. This clause ensures fairness in cost-sharing among tenants and serves to maintain consistent expenses. In Missouri, there are three main types of clauses for grossing up the tenant proportionate share: 1. Full Gross-Up: This type of clause requires the landlord to adjust the tenant's proportionate share of expenses based on the assumption that the property is fully occupied. The landlord calculates and spreads the expenses to reflect a hypothetical 100% occupancy rate, even if the actual occupancy is lower. This ensures that each tenant's share is not affected by vacant units. 2. Partial Gross-Up: This clause allows the landlord to adjust the tenant's proportionate share of expenses based on a predetermined occupancy threshold. For example, it may state that the landlord will only gross up the tenant's share if the occupancy rate falls below 80%. This type of clause provides some relief to the landlord when there are minor vacancies or fluctuations in occupancy. 3. No Gross-Up: In some cases, a lease may not include a gross-up clause at all. In this situation, the tenant's proportionate share remains constant, regardless of the occupancy levels. This type of clause can be advantageous for tenants as it ensures their expenses are not affected by fluctuations in the occupancy of the building. Overall, the Missouri Clause for Grossing Up the Tenant Proportionate Share is designed to provide clarity on how operating expenses are allocated among tenants in a commercial lease. It aims to maintain fairness and stability in cost-sharing and ensures that tenants are not unfairly burdened by variations in occupancy levels.Missouri Clause for Grossing Up the Tenant Proportionate Share is a lease provision commonly included in commercial real estate leases. It refers to the process of adjusting the tenant's proportionate share of operating expenses to account for variations in occupancy levels throughout the building or property. This clause ensures fairness in cost-sharing among tenants and serves to maintain consistent expenses. In Missouri, there are three main types of clauses for grossing up the tenant proportionate share: 1. Full Gross-Up: This type of clause requires the landlord to adjust the tenant's proportionate share of expenses based on the assumption that the property is fully occupied. The landlord calculates and spreads the expenses to reflect a hypothetical 100% occupancy rate, even if the actual occupancy is lower. This ensures that each tenant's share is not affected by vacant units. 2. Partial Gross-Up: This clause allows the landlord to adjust the tenant's proportionate share of expenses based on a predetermined occupancy threshold. For example, it may state that the landlord will only gross up the tenant's share if the occupancy rate falls below 80%. This type of clause provides some relief to the landlord when there are minor vacancies or fluctuations in occupancy. 3. No Gross-Up: In some cases, a lease may not include a gross-up clause at all. In this situation, the tenant's proportionate share remains constant, regardless of the occupancy levels. This type of clause can be advantageous for tenants as it ensures their expenses are not affected by fluctuations in the occupancy of the building. Overall, the Missouri Clause for Grossing Up the Tenant Proportionate Share is designed to provide clarity on how operating expenses are allocated among tenants in a commercial lease. It aims to maintain fairness and stability in cost-sharing and ensures that tenants are not unfairly burdened by variations in occupancy levels.
