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 Tarrant Texas Clause for Grossing Up the Tenant Proportionate Share refers to a specific provision found in commercial lease agreements in the Tarrant County area of Texas. This clause typically addresses the calculation and adjustment of the tenant's proportionate share of certain expenses related to operating and maintaining the property. In simpler terms, the Grossing Up clause ensures that tenants are responsible for their fair share of operating expenses, even if the property is not fully leased. It achieves this by adjusting the tenant's portion to reflect what it would be if the property were fully occupied. There are generally two main types of Tarrant Texas Clauses for Grossing Up the Tenant Proportionate Share: 1. Pro Rata Gross-Up: With a pro rata gross-up, the tenant's share is calculated based on their actual occupancy compared to the total rentable area of the property. This means that if the property is only partially occupied, the tenant's expenses will be adjusted upward to represent what it would be if the property were fully leased. 2. Expense Stop Gross-Up: In an expense stop gross-up, the tenant's share is calculated based on a pre-determined cap or stop point. If the total expenses for the property exceed this cap, the additional expenses are typically shared among the tenants based on their proportionate share. This type of clause provides a layer of protection for tenants, ensuring that they are not responsible for excessive expenses beyond a certain point. Overall, the Tarrant Texas Clause for Grossing Up the Tenant Proportionate Share plays a crucial role in balancing the financial responsibilities between landlords and tenants. It ensures that all costs associated with managing and operating the property are distributed fairly among the tenants, ultimately helping to maintain a healthy and sustainable leasing environment.The Tarrant Texas Clause for Grossing Up the Tenant Proportionate Share refers to a specific provision found in commercial lease agreements in the Tarrant County area of Texas. This clause typically addresses the calculation and adjustment of the tenant's proportionate share of certain expenses related to operating and maintaining the property. In simpler terms, the Grossing Up clause ensures that tenants are responsible for their fair share of operating expenses, even if the property is not fully leased. It achieves this by adjusting the tenant's portion to reflect what it would be if the property were fully occupied. There are generally two main types of Tarrant Texas Clauses for Grossing Up the Tenant Proportionate Share: 1. Pro Rata Gross-Up: With a pro rata gross-up, the tenant's share is calculated based on their actual occupancy compared to the total rentable area of the property. This means that if the property is only partially occupied, the tenant's expenses will be adjusted upward to represent what it would be if the property were fully leased. 2. Expense Stop Gross-Up: In an expense stop gross-up, the tenant's share is calculated based on a pre-determined cap or stop point. If the total expenses for the property exceed this cap, the additional expenses are typically shared among the tenants based on their proportionate share. This type of clause provides a layer of protection for tenants, ensuring that they are not responsible for excessive expenses beyond a certain point. Overall, the Tarrant Texas Clause for Grossing Up the Tenant Proportionate Share plays a crucial role in balancing the financial responsibilities between landlords and tenants. It ensures that all costs associated with managing and operating the property are distributed fairly among the tenants, ultimately helping to maintain a healthy and sustainable leasing environment.
