Property Management
In Kansas commercial property management, what is a 'pro-rata share' clause?
AA clause requiring tenants to share profits with the landlord
BA clause establishing the tenant's percentage of common area and operating costs based on their proportion of occupied space✓ Correct
CA provision requiring equal rent from all tenants
DA clause allowing the landlord to terminate any lease for convenience
Explanation
A pro-rata share clause allocates common area costs, operating expenses, and taxes to each tenant in proportion to the square footage they occupy relative to the total rentable space.
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