What is an Operating Costs clause?..
This is also something which is typically included in additional rent and it usually includes ancillary services required to run or manage the building. This will include grounds keeping, snow removal, security, waste management, and the cost of certain repairs. Negotiation of a maximum increase (or minimum notice period of increase): The tenant may negotiate a minimum notice period for an increase and may try to align this with the minimum notice period required for termination to give the tenant the opportunity to exit the contact if the operating costs increase above an acceptable threshold. The Landlord can demand that the tenant proves that he or she is paying all their business taxes. This is to show the landlord that the business is still a going concern.
Blogs related to this clause:
Can emails be considered confidential information, and therefore can come under the obligation to return or destroy?
June 1 2017
COURT ORDERS DELETION OF CONFIDENTIAL EMAILS Pakage Apparel Inc [...]
September 3 2015
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