Cvent's 23 October 2013 deed of lease at Solutions Plaza in McLean is the only document in SEC full-text search that contains both a must-take obligation and a tenant contraction right. Section 41 starts rent on 25,666 square feet in the 25th full calendar month, in as is condition, on a date no delivery failure can move. Section 50 lets the tenant hand a floor back, but not before 31 July 2020, with notice and the whole contraction fee due twelve months earlier. On the sixth floor of Tower 1 that gap costs about $2.58 million in rent on space the lease says you may eventually return. Impinj's October 2025 amendment conditions its contraction fee on a notice the section never defines, and voids the right outright if the tenant uses its right of first offer. No reported decision has ever construed a must-take obligation.
Article 7 of the lease for The Meadows Racetrack & Casino, signed 9 September 2016, says that any imposition the lessee owes which would not otherwise be due until after the term is payable to the lessor on the last day of the term. Then a proviso carves assessments payable in installments back out. C-PACE assessments run up to thirty years in Ohio, sit on the property tax bill, and carry the lien priority of an ad valorem tax. Texas requires thirty days notice and written consent from the mortgage holder before one is imposed and says nothing about tenants; Florida's statute defines property owner to exclude anyone renting or occupying. Gladstone Commercial's December 2024 noteholders wrote a covenant that stops counting a PACE loan as debt to the extent a tenant pays it. No reported case anywhere decides whether it passes through under a lease taxes clause.
Lexicon Pharmaceuticals signed a lease on 30 July 2024 that stipulates its suite at 25,368 square feet of Rentable Area, confirmed by two architects under ANSI/BOMA Z65.1-2017 Method A, and then says that following the initial Term the landlord may remeasure. About 5,666 of those 25,368 feet are add-on factor the tenant never walks into. The 2024 revision of the office standard moved ground-level outdoor amenity space into rentable area, and measurement firms are quoting 3 to 4% of found area in Class A buildings, which on a 400,000 square foot building at $40 a foot and a 6% cap rate is $8 million of value. Three other SEC-filed leases answer the same question differently: one bite only, deleted outright, and never. McClain v. Octagon Plaza held in 2008 that a clause agreeing the square footage is a reasonable approximation and that rent is not subject to revision does not stop a fraud claim over 186 feet.
Five executed leases filed with the SEC share one Article 14 and disagree about what a tenant may subtract before splitting sublease profit with its landlord. Sagimet's May 2026 Foster City lease takes 75% of the Transfer Premium and lists no deductions at all. Obsidian's Cambridge lease allows four. Ethos's San Francisco lease allows two. In August 2018 Global Blood Therapeutics bought one parenthetical, 23 words long, that added the unamortized cost of its own build-out to the list, and paid for it by letting the landlord ignore five months of free rent. Vacant sublease space is down 15.4% year over year to 95.6 million square feet, and in San Francisco sublease asking rent is $52.34 against a direct class A label of $77.89, so for most tenants the premium is zero and the clause still costs a $1,500 review fee and a CPA certification.
Four New York leases filed with the SEC price the same commodity four different ways. The Graybar Building lease guarantees SL Green a markup of at least 20% over its own utility bill, in a sentence that overrides the tenant's apparent protection of a 1970 Con Edison tariff. One Penn Plaza caps Vornado at 104% of metered cost and sends disagreements to expedited AAA arbitration, and separately raises fixed rent whenever the utility's average cost per kilowatt hour rises. G-III settles on 5% over a named rate schedule. Commercial power prices rose 24% in Ohio and 21.5% in Virginia in the year to July 2026, and the clause decides who absorbs it.
