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.
The Harris Texas Clause for Grossing Up the Tenant Proportionate Share is an important aspect of commercial lease agreements in Harris County, Texas. This clause outlines the way in which the costs associated with property taxes, operating expenses, and other charges are distributed among tenants in a commercial property. When drafting a lease agreement, it is crucial to include the Harris Texas Clause for Grossing Up the Tenant Proportionate Share to ensure fairness and transparency in cost allocation. Keywords: Harris Texas Clause, Grossing Up, Tenant Proportionate Share, commercial lease agreements, Harris County, Texas, property taxes, operating expenses, charges, tenants, commercial property, lease agreement, fairness, transparency, cost allocation. There are different types of Harris Texas Clauses for Grossing Up the Tenant Proportionate Share that can be customized based on specific lease requirements and property dynamics. Some variations of this clause include: 1. Fixed Percentage Gross Up Clause: This type of clause determines a fixed percentage by which the Tenant Proportionate Share is grossed up. For example, if the allocated charges for a particular year increase, the tenant's proportionate share may be grossed up by a predetermined fixed percentage to cover the additional costs. 2. Expense Stop Gross Up Clause: Under this clause, there is a cap or expense stop set on the Tenant Proportionate Share. If the expenses exceed this limit, the tenants' proportionate shares are grossed up to cover the excess costs. This type of clause protects the tenants from unforeseen and excessive increases in expenses. 3. Gross Rent Gross Up Clause: This clause factors in the gross rent paid by each tenant when determining the gross-up amount. It ensures that the Tenant Proportionate Share is accurately calculated based on the tenant's share of the overall rent and expenses. This type of clause is commonly used in multi-tenant properties with varying lease rates. 4. Consumer Price Index (CPI) Gross Up Clause: This type of clause takes into account the fluctuations in the Consumer Price Index to determine the Tenant Proportionate Share. The CPI is an economic indicator that measures changes in the average prices of goods and services over time. If the CPI increases, the Tenant Proportionate Share may be grossed up accordingly. By incorporating these different types of Harris Texas Clauses for Grossing Up the Tenant Proportionate Share, landlords and tenants can establish a fair allocation of costs and ensure that all parties contribute their fair share towards the property's operational expenses and taxes.The Harris Texas Clause for Grossing Up the Tenant Proportionate Share is an important aspect of commercial lease agreements in Harris County, Texas. This clause outlines the way in which the costs associated with property taxes, operating expenses, and other charges are distributed among tenants in a commercial property. When drafting a lease agreement, it is crucial to include the Harris Texas Clause for Grossing Up the Tenant Proportionate Share to ensure fairness and transparency in cost allocation. Keywords: Harris Texas Clause, Grossing Up, Tenant Proportionate Share, commercial lease agreements, Harris County, Texas, property taxes, operating expenses, charges, tenants, commercial property, lease agreement, fairness, transparency, cost allocation. There are different types of Harris Texas Clauses for Grossing Up the Tenant Proportionate Share that can be customized based on specific lease requirements and property dynamics. Some variations of this clause include: 1. Fixed Percentage Gross Up Clause: This type of clause determines a fixed percentage by which the Tenant Proportionate Share is grossed up. For example, if the allocated charges for a particular year increase, the tenant's proportionate share may be grossed up by a predetermined fixed percentage to cover the additional costs. 2. Expense Stop Gross Up Clause: Under this clause, there is a cap or expense stop set on the Tenant Proportionate Share. If the expenses exceed this limit, the tenants' proportionate shares are grossed up to cover the excess costs. This type of clause protects the tenants from unforeseen and excessive increases in expenses. 3. Gross Rent Gross Up Clause: This clause factors in the gross rent paid by each tenant when determining the gross-up amount. It ensures that the Tenant Proportionate Share is accurately calculated based on the tenant's share of the overall rent and expenses. This type of clause is commonly used in multi-tenant properties with varying lease rates. 4. Consumer Price Index (CPI) Gross Up Clause: This type of clause takes into account the fluctuations in the Consumer Price Index to determine the Tenant Proportionate Share. The CPI is an economic indicator that measures changes in the average prices of goods and services over time. If the CPI increases, the Tenant Proportionate Share may be grossed up accordingly. By incorporating these different types of Harris Texas Clauses for Grossing Up the Tenant Proportionate Share, landlords and tenants can establish a fair allocation of costs and ensure that all parties contribute their fair share towards the property's operational expenses and taxes.
