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.
Bexar Texas Clause for Grossing Up the Tenant Proportionate Share refers to a specific clause included in commercial lease agreements in Bexar County, Texas. This clause addresses the allocation of expenses between tenants within a shared space, taking into account variations in occupancy and the need to ensure fair distribution of costs. The purpose of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share is to establish a methodology for calculating each tenant's share of common area expenses, such as utilities, taxes, maintenance, and insurance. This ensures that each tenant pays their fair proportion based on their leased space's size and usage. Different variations of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share may exist, depending on the specific terms agreed upon between the landlord and the tenants. Some common types include: 1. Direct Proportion Method: Under this method, each tenant's share of common area expenses is calculated directly based on the square footage they occupy compared to the total leasable area within the property. For example, if a tenant occupies 2,000 square feet in a total leasable area of 10,000 square feet, their proportionate share would be 20%. 2. Triple Net Lease Method: In a triple net lease, the tenant is responsible for their portion of property taxes, insurance, and maintenance costs in addition to the base rent. The Bexar Texas Clause for Grossing Up the Tenant Proportionate Share in this case would include a provision outlining how these expenses are allocated among tenants based on their leased area. 3. Base Year Method: This method involves establishing a base year during which the property's total expenses are determined. In subsequent years, each tenant's proportionate share is calculated by comparing their proportionate share of expenses in the base year to the current year's expenses. Any increase in expenses is then distributed among tenants based on their initial proportionate share. It is important to note that the specific terms and calculations of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share will vary from lease to lease. It is advisable for both landlords and tenants to thoroughly review and negotiate this clause to ensure a fair and equitable distribution of common area expenses.Bexar Texas Clause for Grossing Up the Tenant Proportionate Share refers to a specific clause included in commercial lease agreements in Bexar County, Texas. This clause addresses the allocation of expenses between tenants within a shared space, taking into account variations in occupancy and the need to ensure fair distribution of costs. The purpose of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share is to establish a methodology for calculating each tenant's share of common area expenses, such as utilities, taxes, maintenance, and insurance. This ensures that each tenant pays their fair proportion based on their leased space's size and usage. Different variations of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share may exist, depending on the specific terms agreed upon between the landlord and the tenants. Some common types include: 1. Direct Proportion Method: Under this method, each tenant's share of common area expenses is calculated directly based on the square footage they occupy compared to the total leasable area within the property. For example, if a tenant occupies 2,000 square feet in a total leasable area of 10,000 square feet, their proportionate share would be 20%. 2. Triple Net Lease Method: In a triple net lease, the tenant is responsible for their portion of property taxes, insurance, and maintenance costs in addition to the base rent. The Bexar Texas Clause for Grossing Up the Tenant Proportionate Share in this case would include a provision outlining how these expenses are allocated among tenants based on their leased area. 3. Base Year Method: This method involves establishing a base year during which the property's total expenses are determined. In subsequent years, each tenant's proportionate share is calculated by comparing their proportionate share of expenses in the base year to the current year's expenses. Any increase in expenses is then distributed among tenants based on their initial proportionate share. It is important to note that the specific terms and calculations of the Bexar Texas Clause for Grossing Up the Tenant Proportionate Share will vary from lease to lease. It is advisable for both landlords and tenants to thoroughly review and negotiate this clause to ensure a fair and equitable distribution of common area expenses.
