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 Lima Arizona Building Operating Cost Addendum is a document that outlines the additional expenses associated with operating and maintaining a building in Lima, Arizona. This addendum serves as an extension to the original lease agreement and specifies the costs that the tenant will be responsible for in addition to the base rent. Keywords: Lima Arizona, Building Operating Cost Addendum, additional expenses, operating costs, maintenance, lease agreement, base rent There are two types of Lima Arizona Building Operating Cost Addendum: 1. Full-Service Addendum: This type of addendum includes all operating costs associated with the building, including utilities (water, electricity, gas), property taxes, insurance, repairs, maintenance, cleaning, and security expenses. The tenant agrees to pay a predetermined percentage or a specific dollar amount to cover these costs. 2. Limited-Service Addendum: Unlike the full-service addendum, the limited-service addendum covers a narrower range of operating costs. It typically includes expenses such as cleaning, security, and maintenance, while excluding utilities, property taxes, and insurance. The tenant agrees to pay a fixed amount or a percentage of the base rent to cover these specified costs. In both types of addenda, the purpose is to ensure transparency and accountability in the allocation of building operating costs between the landlord and the tenant. It helps prevent disputes over who is responsible for certain expenses and ensures that tenants understand the additional financial obligations associated with leasing the property. By signing the Lima Arizona Building Operating Cost Addendum, both parties agree to abide by the terms and conditions outlined within the document. It is recommended for tenants to carefully review and understand the addendum before signing, as it may have a significant impact on the total cost of leasing the building in Lima, Arizona.The Lima Arizona Building Operating Cost Addendum is a document that outlines the additional expenses associated with operating and maintaining a building in Lima, Arizona. This addendum serves as an extension to the original lease agreement and specifies the costs that the tenant will be responsible for in addition to the base rent. Keywords: Lima Arizona, Building Operating Cost Addendum, additional expenses, operating costs, maintenance, lease agreement, base rent There are two types of Lima Arizona Building Operating Cost Addendum: 1. Full-Service Addendum: This type of addendum includes all operating costs associated with the building, including utilities (water, electricity, gas), property taxes, insurance, repairs, maintenance, cleaning, and security expenses. The tenant agrees to pay a predetermined percentage or a specific dollar amount to cover these costs. 2. Limited-Service Addendum: Unlike the full-service addendum, the limited-service addendum covers a narrower range of operating costs. It typically includes expenses such as cleaning, security, and maintenance, while excluding utilities, property taxes, and insurance. The tenant agrees to pay a fixed amount or a percentage of the base rent to cover these specified costs. In both types of addenda, the purpose is to ensure transparency and accountability in the allocation of building operating costs between the landlord and the tenant. It helps prevent disputes over who is responsible for certain expenses and ensures that tenants understand the additional financial obligations associated with leasing the property. By signing the Lima Arizona Building Operating Cost Addendum, both parties agree to abide by the terms and conditions outlined within the document. It is recommended for tenants to carefully review and understand the addendum before signing, as it may have a significant impact on the total cost of leasing the building in Lima, Arizona.
