This office lease clause is used to respond to various changes that might occur within the tenant's office building or shopping center.
Florida Measurement Representations and Proportionate Share Adjustment of Tenants Proportionate Tax Share
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The amount due to each shareholder is their pro rata share. This is calculated by dividing the ownership of each person by the total number of shares and then multiplying the resulting fraction by the total amount of the dividend payment. The majority shareholder's portion, therefore, is (50 / 100) x $200 = $100.
The pro-rata share is the percentage of expenses shared by the tenant for the shopping center or office building. In most leases, the pro-rata share is calculated as a fraction of the tenant's demised square footage divided by the total square footage of the shopping center or the building.
In general, the tenant's proportionate share is determined by taking the building's rentable square footage and dividing it by the tenant's rentable square footage. Local industry customs usually provide the landlord with the guiding principles for: Measuring the building. Tenant's Proportionate Share | Practical Law - Westlaw Westlaw ? document ? Tenant... Westlaw ? document ? Tenant...
Tenant's Percentage Share means the percentage figure obtained by dividing the net rented area of the Premises specified hereinabove by the total net useable area of the rental space in the Building, and by multiplying such quotient by One Hundred (100). Tenant's Percentage Share Definition: 159 Samples - Law Insider lawinsider.com ? dictionary ? tenants-percen... lawinsider.com ? dictionary ? tenants-percen...
In basic terms, a tenant's pro rata share is calculated by dividing the tenant's rentable square footage by the total rentable square footage of a building or property. Alternatively, the pro rata share may be a deemed or stated percentage in the lease.
The pro-rata share is the percentage of expenses shared by the tenant for the shopping center or office building. In most leases, the pro-rata share is calculated as a fraction of the tenant's demised square footage divided by the total square footage of the shopping center or the building. Expense Allocation-The Big Picture - National Retail Tenants Association retailtenants.org ? expense-allocation-the-big-pict... retailtenants.org ? expense-allocation-the-big-pict...
Also known as tenant's pro rata share. The portion of a building occupied by the tenant expressed as a percentage. When a tenant is responsible for paying its proportionate share of the landlord's costs for the building, such as operating expenses and real estate taxes, the tenant pays this amount over a base year.
Your pro rata share of household operating expenses is the average monthly household operating expenses (based on a reasonable estimate if exact figures are not available) divided by the number of people in the household, regardless of age. 416.1133. What is a pro rata share of household operating expenses. - SSA ssa.gov ? OP_Home ? cfr20 ssa.gov ? OP_Home ? cfr20