Annual Basic Rental Clause Samples
The Annual Basic Rental clause defines the base amount of rent that a tenant is required to pay to the landlord each year under a lease agreement. This clause typically specifies the exact dollar amount or the method for calculating the annual rent, and may outline the payment schedule, such as monthly or quarterly installments. By clearly stating the tenant’s fundamental financial obligation, this clause ensures both parties understand the minimum rent due each year, thereby preventing disputes and providing a predictable revenue stream for the landlord.
Annual Basic Rental. Annual Basic Rental shall be payable in equal monthly installments in advance on the first day of each full calendar month during the Term, the first such payment to also include any prorated Annual Basic Rental for the period from the date of the commencement of the Term to the first day of the first full calendar month in the Term.
Annual Basic Rental. Annual Basic Rental shall be payable without prior demand in equal monthly installments in advance commencing on the Rent Commencement Date and thereafter on the first day of each full calendar month during the Term of this Lease. If the Rent Commencement Date or the Lease Termination Date occurs on a date other than on the first or the last day of a calendar month, as applicable, then the first and last monthly installment of Annual Basic Rental shall be prorated for such fractional calendar month based upon the actual number of days in such month.
Annual Basic Rental. Subject to the terms of Section 9.2(c) of this Lease, Annual Basic Rental shall be paid without prior demand in equal monthly installments in advance, commencing on the Rent Commencement Date, and thereafter on the first day of each full calendar month during the Term of this Lease. If the Rent Commencement Date or the Lease Termination date occurs on a date other than on the first or the last day of a calendar month, as applicable, then the first and last monthly installment of Annual Basic Rental shall be prorated for such fractional calendar month based upon the actual number of days in such month.