AG 2009 03 16 - Laserfiche WebLink

Home Browse Search

ARTICLE 3 ADDITIONAL RENT AND OTHER PAYMENTS 3.1 Additional Rent. Tenant shall pay to Landlord absolutely throughout the Term additional rent (the "Additional Rent")asset forth in Sections 3.1.1 and 3.1.2, 3.1.3, 3, 3.1.4, 3.2 and 3.5 hereinafter. Landlord shall bill Tenant monthly for such Additional Rent. Additional Rent shall be an amount equal to a fraction of property taxes, utilities, common area maintenance, and property insurance. Such fraction shall have as its numerator the floor area of the Premises and shall have as its denominator the floor area of the Building at the time such taxes, utilities, maintenance costs or insurance shall become due and payable (the "Prorata Share"). Landlord shall bill Tenant monthly for such Additional Rent, and Tenant agrees to pay such bills rendered by Landlord within fifteen (15) days after the mailing thereof by Landlord. For the purpose of this Section 3.1, "floor area" shall be deemed to mean the actual number of square feet of floor space within the interior walls without deduction or exclusion for any space occupied by or used by columns, stairs or other interior construction or equipment. For purposes of Section 3.1.1 (i) "Property Taxes" shall mean the levy, assessment or imposition of any tax on the Building (including the real property) and all improvements of a real property nature located thereon; "Common Area Maintenance" shall mean the charges, costs and expenses which are incurred by the Landlord including without limitation: cleaning, window washing, landscaping, lighting, HVAC maintenance„ painting, repairs and replacing concrete or asphalt parking driveways or parking areas; maintaining, repairing and replacing, cleaning, lighting, removing snow and ice, painting and landscaping of all vehicle parking spaces and other outdoor common areas, including any identification and directional signs; security; removing trash and garbage; cleaning supplies, water and sewer charges; gas; electricity, equipment repairs, reasonable depreciation of common areas and equipment used in operating and maintaining the common areas and rent paid for leasing such equipment and other operating expenses attributable to the Building under general accounting principals; and "Landlord Insurance" shall mean the insurance carried by Landlord pursuant to Section 3.1.4 of this Lease. 3.1.1 Property Taxes. Tenant shall pay as Additional Rent its Prorata Share for Property Taxes assessed against Landlord based upon the most recent property tax assessment and rates but shall be adjusted for any changes in such assessment or rates once known. 3.1.2 Utilities. Tenant shall pay as Additional Rent its Prorata Share for gas, water, sewage disposal, cable television, electricity, light, gas, or similar service used, (the "Utilities") rendered or supplied upon or in connection with the Premises during the Term of this Lease. 3.1.3 Common Area Maintenance. Tenant shall pay as Additional Rent its Prorata Share of the costs to Landlord for Common Area Maintenance. 3.1.4 Property Insurance. Tenant shall pay as Additional Rent its Prorata Share of the costs to Landlord of insurance obtained by Landlord in respect of the Premises or any portion thereof in such amounts as either may be required by Landlord's lender or that may be normal or customary for buildings similar to the Building in which the Premises is located. Landlord shall maintain "all risk" coverage on a full replacement cost basis covering the Building (other than any interior improvements made by Tenant) as it exists on the Commencement Date and such other insurance in such amounts covering such other liabilities or hazards as deemed appropriate by Landlord. Landlord's insurance shall be subject to such deductible amounts as Landlord may elect. 2 Attachment number 1 C 7 ii ii i i~ i~ ii n ii i~ n C F- 6 Page 179 of 286 '