An encyclopedia entry about pro rata share in leases is presented. The cost of insurance, taxes, management, maintenance and utilities known as operating costs are sometimes shared by the landlord with tenants in a multitenant building. The additional costs imposed by landlords to tenants based on...
Common Area ExpensesIn the event the demised premises are situated in a shopping center or in a commercial building in which there are common areas, Lessee agrees to pay his pro-rata share of maintenance, taxes, and insurance for the common area. ...
Subtenant’s Pro Rata Share. For purposes of this Sublease, “Subtenant’s Share of Operating Expenses of Building” shall be equal to 1.90% representing the ratio of the rentable area of the Subleased Pr...
What is the definition of pro rata share?Originating from the Latin term in proportion, pro rata allocates equal fractions of an amount. The method takes into account a smaller percentage of the entire amount and allocates a relevant cost to that percentage. For instance, when costs relate to...
Mutual insurance company pro proportionately proratable prorate proration References in periodicals archive ? In early July, Immutep announced an equity financing to raise approximately A$10M, comprising of a Placement and a fully underwritten pro rata non-renounceable Entitlement Offer. Immutep announces...
Apro rata clausein an automobile insurance policy provides that when an insured person has other insurance policies covering the same type of risk, the company issuing the policy with the pro rata clause will be liable only for a proportion of the loss represented by the ratio between its poli...
[C19: from pro rata] proˈratableadj proˈrationn Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 pro•rate (proʊˈreɪt, ˈproʊˌreɪt) ...
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Terms used in shipping such as Container Yard,Delivery,Direction finder,Daily pro rata,Deadweight,Deadweight capacity etc. This post explains about terms used in shipping such as Cut-Off Time,Customshouse Broker ,Container Yard,Delivery,Direction finder,Daily pro rata,Deadweight,Deadweight capacity,Devi...
Pro rata typically means that each party or person receives their fair share in proportion to the whole. Pro rata calculations can be used in many areas including determiningdividendpayments. These are cash payments by corporations made to shareholders. Pro rata in the insurance industry is used t...