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.
A Dallas Texas Clause for Grossing Up the Tenant Proportionate Share is a provision commonly found in commercial leases. It addresses the allocation of operating expenses in multi-tenant properties, ensuring fair distribution amongst all tenants based on their proportionate share of the leased premises. Keywords: Dallas Texas, Clause, Grossing Up, Tenant Proportionate Share, commercial leases, operating expenses, multi-tenant properties, fair distribution, proportionate share, leased premises. This clause typically includes detailed provisions outlining the methodology for calculating the tenant's proportionate share and how any increase in operating expenses is to be addressed. The purpose of this provision is to account for any additional expenses that might arise due to changes in the property's operating costs, such as inflation or unforeseen circumstances. There are various types of Dallas Texas Clauses for Grossing Up the Tenant Proportionate Share that can be seen in commercial leases: 1. Standard Grossing Up Clause: In this type of clause, the tenant's proportionate share is calculated based on the leased premises compared to the total leasable space in the property. Operating expenses are then allocated amongst tenants proportionally to their share, ensuring a fair distribution of costs. 2. Expense Stop Grossing Up Clause: This variation of the clause sets a cap or limit on the amount of operating expenses that will be passed on to tenants. Once the expenses exceed the predetermined cap, the landlord becomes responsible for covering the additional costs, thereby protecting tenants from substantial increases. 3. CPI-based Grossing Up Clause: Some leases may include a clause that ties the grossing up calculation to changes in the Consumer Price Index (CPI). This means that the tenant's proportionate share of operating expenses will be adjusted annually based on the fluctuations of the CPI. The purpose is to keep tenants' costs in line with inflation, ensuring a more accurate allocation of expenses. 4. Base Year Grossing Up Clause: This clause establishes a specific base year against which future operating expenses will be compared. The tenant's proportionate share is calculated by comparing the expenses in subsequent years to the base year. Any increase in expenses will be added to the tenant's share, allowing for a fair distribution of additional costs. In conclusion, a Dallas Texas Clause for Grossing Up the Tenant Proportionate Share is an essential provision in commercial leases. It ensures fair allocation of operating expenses amongst tenants based on their proportionate share of the leased premises. It can come in different variations, such as the Standard Grossing Up Clause, Expense Stop Grossing Up Clause, CPI-based Grossing Up Clause, or Base Year Grossing Up Clause, all serving the purpose of maintaining fairness and transparency in expense allocation.A Dallas Texas Clause for Grossing Up the Tenant Proportionate Share is a provision commonly found in commercial leases. It addresses the allocation of operating expenses in multi-tenant properties, ensuring fair distribution amongst all tenants based on their proportionate share of the leased premises. Keywords: Dallas Texas, Clause, Grossing Up, Tenant Proportionate Share, commercial leases, operating expenses, multi-tenant properties, fair distribution, proportionate share, leased premises. This clause typically includes detailed provisions outlining the methodology for calculating the tenant's proportionate share and how any increase in operating expenses is to be addressed. The purpose of this provision is to account for any additional expenses that might arise due to changes in the property's operating costs, such as inflation or unforeseen circumstances. There are various types of Dallas Texas Clauses for Grossing Up the Tenant Proportionate Share that can be seen in commercial leases: 1. Standard Grossing Up Clause: In this type of clause, the tenant's proportionate share is calculated based on the leased premises compared to the total leasable space in the property. Operating expenses are then allocated amongst tenants proportionally to their share, ensuring a fair distribution of costs. 2. Expense Stop Grossing Up Clause: This variation of the clause sets a cap or limit on the amount of operating expenses that will be passed on to tenants. Once the expenses exceed the predetermined cap, the landlord becomes responsible for covering the additional costs, thereby protecting tenants from substantial increases. 3. CPI-based Grossing Up Clause: Some leases may include a clause that ties the grossing up calculation to changes in the Consumer Price Index (CPI). This means that the tenant's proportionate share of operating expenses will be adjusted annually based on the fluctuations of the CPI. The purpose is to keep tenants' costs in line with inflation, ensuring a more accurate allocation of expenses. 4. Base Year Grossing Up Clause: This clause establishes a specific base year against which future operating expenses will be compared. The tenant's proportionate share is calculated by comparing the expenses in subsequent years to the base year. Any increase in expenses will be added to the tenant's share, allowing for a fair distribution of additional costs. In conclusion, a Dallas Texas Clause for Grossing Up the Tenant Proportionate Share is an essential provision in commercial leases. It ensures fair allocation of operating expenses amongst tenants based on their proportionate share of the leased premises. It can come in different variations, such as the Standard Grossing Up Clause, Expense Stop Grossing Up Clause, CPI-based Grossing Up Clause, or Base Year Grossing Up Clause, all serving the purpose of maintaining fairness and transparency in expense allocation.
