The Leases in Multiple-Unit Commercial Developments Commonly Permit the Landlord

question 116

Short Answer

The leases in multiple-unit commercial developments commonly permit the landlord to allocate to the tenants various common area and general costs such as property taxes, janitorial services, security services, and snow removal. These costs are usually prorated on the basis of the floor area leased to each tenant. Granny's Chicken, Toys 'n Novelties, and Pine Tree Pharmacy are the three tenants in Pine Tree Square. They lease 172 square metres, 136 square metres, and 420 square metres, respectively. How should common costs totalling $9,872 for the past year be allocated?

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Definitions:

Homeostatic System

A system that regulates its internal environment and tends to maintain a stable, constant condition of properties like temperature or pH.

Settling Point

The Settling Point is a conjectured equilibrium in which factors such as metabolism, appetite, and physical activity balance out to determine one's body weight.

Nutrition

The science that interprets the nutrients and other substances in food in relation to maintenance, growth, reproduction, health, and disease of an organism.

Metabolic Rates

The rate at which the body burns calories to sustain basic life functions.