Last week, we covered minimum occupancies as a percentage of GLA for denominator purposes. But, sometimes we see another type of minimum – absolute minimum denominators. That is where you might see language to the effect of “The tenant will pay its share of common area maintenance expenses based upon the leased area of the… Continue reading “Absolute” minimum denominators – Yeah! Right!
A few months ago, we had a blog that addressed a difference in lease language where an excluded area was defined as any premises greater than 15,000 sf vs any occupant greater than 15,000 sf – a subtle change in lease language having a material impact on a lease’s or even a property’s cash flow.… Continue reading Leased vs. Leased and Occupied