Base Rent for Renewal Lease Term Sample Clauses

Base Rent for Renewal Lease Term. The Base Rent for the Renewal Lease Term shall be the Fair Market Rental Rate, determined as follows:
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Base Rent for Renewal Lease Term. If Tenant exercises the Renewal Option, the Base Rent shall be $8.90 per rentable square foot for the first Renewal Option and $9.73 per rentable square foot for the second Renewal Option; provided Tenant accepts the Premises "as-is". Should Tenant elect to exercise the Renewal Option with a Tenant Improvement Allowance ($200,000.00 per Renewal Option), then the Base Rent shall be $9.72 per rentable square foot for the first Renewal Option and $10.55 per rentable square foot for the second Renewal Option.
Sample 1
Base Rent for Renewal Lease Term. If Tenant exercises the Renewal Option, then Base Rent for the Renewal Lease Term shall be the lesser of: (a) the then-existing market rate; or (b) Five percent (5%) over Base Rent at the time that the Renewal Option is exercised (to be escalated annually by three percent (3%) within the Renewal Lease Term). LEASE ADDENDUM NUMBER FOUR AMERICANS WITH DISABILITIES ACT LANGUAGE Landlord and Tenant agree to the following with regards to The Americans with Disabilities Act and related laws: Tenant, at Tenant's sole expense, shall comply with all laws, rules, orders, ordinances, directions, regulations and requirements of federal, state, county and municipal authorities now in force, which shall impose any duty upon Landlord or Tenant with respect to the use, occupation or alteration of the Demised Premises, and Tenant shall use all reasonable efforts to fully comply with The Americans With Disabilities Act of 1990 (the "ADA"). Landlord's responsibility for compliance with ADA shall include the common areas and restrooms of the Building, but not the Demised Premises. If Tenant receives any notices alleging violation of ADA relating to any portion of the Building or of the Demised Premises; any written claims or threats regarding non-compliance with ADA and relating to any portion of the Building or of the Demised Premises; or any governmental or regulatory actions or investigations instituted or threatened regarding non-compliance with ADA and relating to any portion of the Building or of the Demised Premises, then Tenant shall, within ten (10) days after receipt of such, advise Landlord in writing, and provide Landlord with copies of any such claim, threat, action or investigation (as applicable).
Sample 1
Base Rent for Renewal Lease Term. The Minimum Base Rent for the Renewal Lease Term shall be paid according to the following Base Rent Schedule: First Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 4.00 13-24 $ 4.10 25-36 $ 4.20 37-48 $ 4.30 49-60 $ 4.40 Second Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 4.50 13-24 $ 4.60 25-36 $ 4.70 37-48 $ 4.80 49-60 $ 4.90 Third Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 5.00 13-24 $ 5.10 25-36 $ 5.20 37-48 $ 5.30 49-60 $ 5.40 EXHIBIT A LEGAL DESCRIPTION/SPACE PLAN (SEE ATTACHED) The Premises are located on a portion of the real property described as follows: Being known and designated as Lot 11 as shown on a plat entitled Revision No. 2 of Section I of West Point Business Center as recorded in Plat Book 33 at Page 86 in the office of the Register of Deeds of Forsyth County, North Carolina, reference to which is hereby made for a more particular description. Exhibit A [SCHEMATIC DRAWING OF THE PREMISES] EXHIBIT A-1 SUITE F and CONSTRUCTION STAGING SPACES (SEE ATTACHED) EXHIBIT A-1 [SCHEMATIC DRAWING OF THE SPACES] EXHIBIT A-2 PARKING SPACES, TRUCK COURT AND OUTSIDE EQUIPMENT (SEE ATTACHED) [SCHEMATIC DRAWING OF THE SPACES] EXHIBIT B RULES AND REGULATIONS
Sample 1
Base Rent for Renewal Lease Term. If Tenant exercised the Renewal Option, the Base Rent shall be adjusted for the Renewal Lease Term to an amount equal to ninety-five percent (95%) of the then prevailing lease rates for comparable space in the Spring Forest/Capital Boulevard Submarket in the Raleigh, North Carolina area.
Sample 1
Base Rent for Renewal Lease Term. The Minimum Base Rent for the Renewal Lease Term shall be market value as determined by Landlord.
Sample 1
Base Rent for Renewal Lease Term. The Base Rent for the renewal for the 1028 square feet shall be the rent for the premises on the last year of the lease plus three (3%) escalations for each year. MONTHLY PARKING CONTRACT CENTRAL PARKING SYSTEM CENTRAL PARKING SYSTEM, INC., Operator of the Atrium Garage hereby grants to: BXXXXXXX.XXX, INC. Date_______________________ BUSINESS ADDRESS 600 Xxxxxxxxx Xx., Xxxxx 000, Xxxxxxxxxx, XX 00000 PHONE: the privilege of utilizing 3 non-reserved parking spaces in the Atrium Garage at no charge. This Agreement to become effective on Lease Commencement and terminate on Lease Expiration. Any parking spaces in addition to those outlined above shall be under separate agreement with CENTRAL PARKING SYSTEM. The Lessee will be issued a magnetic access card. This card is not transferable. There will be a $10.00 charge for lost access cards. There will be no charge for damaged cards unless they have been subjected to direct sunlight, extreme heat or abuse. There will be a $10.00 charge for cards damaged due to abuse. Lessee agrees to return the access card upon termination. For any cards not returned, you will be invoiced a $10.00 fee per card. Any misuse of your access card will result in immediate cancellation of your parking privileges. A set up fee shall not be required on the initial 3 parking spaces at $ 0.00 per month. Neither CENTRAL PARKING SYSTEM, WXXXXX CORPORATION OF DELAWARE nor Garage owners assume any responsibility whatsoever for loss or damage of the vehicle or its contents, however caused. AUTOMOBILES SHOULD BE LOCKED AND VALUABLES SHOULD NOT BE LEFT IN AUTOMOBILE. Lessee agrees to abide by any and all regulations pertaining to the use of the facility as may from time to time be prescribed by CENTRL PARKING SYSTEM, and further agrees to park all automobiles in any area within the facility designated by CENTRAL PARKING SYSTEM. No refunds, credits or allowances will be granted to lessee for absence, vacation, or other non-use of the garage facility under this contract. BXXXXXXX.XXX, INC. CENTRAL PARKING SYSTEM ____________________________ ________________________ ____________________________
Sample 1
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Related to Base Rent for Renewal Lease Term

  • Option to Extend Lease Term Landlord hereby grants to Tenant one option to extend the Lease Term of the 000 Xxxx Xxxxx Lease for a five (5) year term commencing when the prior term expires, under the following terms and conditions:

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Base Rent 3.1 Beginning on the Rent Commencement Date, Tenant shall pay, without prior notice or demand, to Landlord or Landlord’s agent at the management office of the Project, or, at Landlord’s option, at such other place as Landlord may from time to time designate in advance and in writing, (i) by a check for currency which, at the time of payment, is legal tender for private or public debts in the United States of America, or (ii) if so elected by Tenant, by electronic funds transfer to the account of Landlord as provided to Tenant, base rent (“Base Rent”) as set forth in Section 4 of the Summary, payable in equal monthly installments as set forth in Section 4 of the Summary in advance on or before the first day of each and every calendar month during the Lease Term, without any setoff or deduction whatsoever. The Base Rent for the first full month of the Lease Term shall be paid at the time of Tenant’s execution of this Lease. If any Rent payment date (including the Rent Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis. Base Rent and Additional Rent, as defined below, shall together be denominated “Rent.” Without limiting the foregoing, Tenant’s obligation to pay Rent shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or (except as expressly provided herein) any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Fixed Rent Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12th) of the Annual Fixed Rent specified in Section 1.1 hereof. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, as agent of Landlord. All remittances received by BOSTON PROPERTIES LIMITED PARTNERSHIP, as agent as aforesaid, or by any subsequently designated recipient, shall be treated as a payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date shall be other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and shall commence on the Rent Commencement Date and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement.

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