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.
South Dakota Clause for Grossing Up the Tenant Proportionate Share
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Multi-State
Control #:
US-OL709
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Word;
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How to fill out Clause For Grossing Up The Tenant Proportionate Share?
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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...
Proportionate Share If the Premises are a part of a multiple tenancy complex, the responsibility of the Lessee for costs are determined by taking a percentage of the total cost of the expenses based upon the rentable floor space in said complex occupied by the Lessee.
