Base Rental Clause Samples
The Base Rental clause defines the fixed amount of rent that a tenant is required to pay to the landlord for occupying leased premises, typically on a monthly or annual basis. This clause specifies the payment schedule, the amount due, and may outline any adjustments or escalations over the lease term, such as annual increases or step-ups. Its core practical function is to establish a clear and predictable financial obligation for the tenant, ensuring both parties understand the minimum rent due regardless of other variable charges or expenses.
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Base Rental. 4.1 Section 2.02 of the Original Lease is amended to change the Base Rental to the amounts as follows: Subject to any Base Rental adjustments as set forth herein, Tenant hereby agrees to pay to Landlord a Base Rental per square foot, per year, payable in monthly installments, for the Leased Premises as per the following schedule: Commencement Date through: First year: $ 13.41 Second year: 14.61 Third year: 14.91 Fourth year: 15.66 Fifth year: 16.41 Sixth year: 15.26 Seventh year: 15.61 Eighth year: 15.96 Ninth year: 16.31 Tenth year: 16.66
4.2 In respect to any space within the Leased Premises that Tenant is not using ("unused space"),the Base Rental for such space shall be suspended ("Base Rental Abatement") for any day that Tenant is not using such space as herein set forth. The amount of any Base Rental Abatement shall equal the number of square feet of such Net Rentable Area of unused space multiplied by the per square foot Base Rent applicable to the Leased Premises at the time in question, pro-rated per diem. Tenant shall designate the unused area of space by providing a written notice to Landlord, specifying therein the applicable number of square feet, the applicable amount of Base Rental Abatement and the date on which the non-use commenced. Similarly, if Tenant resumes use of any space that has been designated as unused space, Tenant shall designate the unused space that Tenant is returning to use by providing a written notice to Landlord, specifying therein the applicable number of square feet, the applicable amount of Base Rental Abatement that ceases to apply to such space and the date on which the resumption of use of such space commenced. The monthly rent payments shall be adjusted to reflect such changes as they occur, and Additional Rental Adjustments shall apply only to Leased Premises less the amount of unused space that exists from time to time. Except for temporary cubicle structures or office furnishings occupying such space, Tenant shall not use any such unused space for storage or any other purposes. The unused space for which any Base Rental Abatement applies on and following the Commencement Date, and which will continue to apply until changed by written notice as aforesaid,is Two Thousand Two Hundred Thirty Three (2233) square feet on the 2nd floor as shown on Exhibit 4.2 ("Initial Unused Space"). Accordingly, the amount of rent set forth in Section 4.1 is the Base Rental per square foot for the Leased Premises, and the number of...
Base Rental. 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.
Base Rental. From and after the Rent Commencement Date, Tenant shall pay to Landlord a base monthly rental (herein called “Base Rental”) equal to the Base Rental set forth in the Basic Lease Information.
Base Rental. Beginning on Commencement Date for the Original Premises, the Basic Rent shall be calculated as: Based upon the Original 17,126 rsf. Months 1-3 [**** ] [**** ] Months 4-39 [**** ] [**** ] Months 40-63 [**** ] [**** ] Beginning on the Expansion Commencement Date for the 4th Floor Expansion Space, the Basic Rent shall be calculated as: Based upon the 4th Floor Expansion Space of 21,068 rsf. 4th floor expansion commencement date for 1st 60 days [**** ] [**** ] Third Month to 39th month of Original Premises on 3rd floor [**** ] [**** ] Month 40 to 63rd month of Original Premises on 3rd floor [**** ] [**** ]
Base Rental. Subject to adjustments in accordance with Article 7 below, from and after the Rental Commencement Date Tenant shall pay to Landlord a base annual rental (herein called "Base Rental") equal to the Base Rental Rate set forth in Article 1(j) above multiplied by the Rentable Floor Area of Demised Premises set forth in Article 1(g) above.
Base Rental. (a) Tenant agrees to pay during the Lease Term, to Landlord, without any setoff or deduction whatsoever the Base Rental, and all such other sums of money payable by the Tenant hereunder as additional rent (whether or not expressly characterized as additional rent), all of which are sometimes herein collectively called "rent", for the nonpayment of which Landlord shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. If no earlier due date is expressly specified herein for the payment of additional rent, additional rent shall be payable in full no later than the due date of the next following installment of Base Rental. The annual Base Rental for each lease year or portion thereof during the Lease Term, together with any estimated adjustments thereto pursuant to Exhibit D hereof, shall be due and payable in advance in twelve (12) equal installments on the first day of each calendar month during the Lease Term, and Tenant hereby agrees to pay such Base Rental and any adjustments thereto as additional rent to Landlord at Landlord's address provided herein (or such other address as may be designated by Landlord 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 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, based on the number of days in such month.
(b) In the event any installment of rent is not paid(5) of when due and payable, Tenant shall pay a late charge of four percent (4%) of the delinquent amount.
Base Rental. Tenant hereby agrees to pay a base annual rental (herein called the “Base Rental”) of $226,290 at the rate of $19.85 per square foot of Rentable Area. The Tenant shall also pay, as additional rent, all such other sums of money as shall become due and payable by Tenant to Landlord under this Lease Agreement. The Base Rental shall be due and payable in twelve (12) equal installments of $18,857.50 on the first day of each calendar month during the initial term and any extensions or renewals thereof, and Tenant hereby agrees to pay such rent to Landlord monthly in advance without demand and without any reduction, abatement, counterclaim or setoff, at such address as may be designated by Landlord. The “Base Rental,” and any other additional rental shall be collectively referred to as “Rent” or “rent.” If the term of this Lease Agreement as heretofore established commences on other than the first day of a month or terminates on other than the last day of a month, then the Rent provided for herein for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The Base Rental shall be adjusted five (5) times during the Lease Term: (1) upon the first day of the fourth year of the Lease Term; and, (2) upon the first day of the seventh year of the Lease Term (collectively, the “Adjustment Dates”). Upon each of the Adjustment Dates, the Base Rental shall be adjusted to a ten percent (10%) increase every three (3) years.
Base Rental. Throughout the Term, Tenant shall pay an annual base rental (the “Base Rental") equal to the Base Rate set forth below. The “Base Rental” is as follows: Rental Period Base Rate Months 1-60 $2,758,265.52 ($229,855.46 monthly) Months 61-120 $2,922,587.76 ($243,548.98 monthly)
Base Rental. Beginning on November 15, 2005 (“Sublease Rent Commencement Date”) and each month thereafter during the Term of this Sublease and ending on the Sublease Expiration Date, Subtenant shall pay to Sublandlord base rent (“Base Rental”) in the following amounts: Base Rental and additional rent (including without limitation, late charges) shall hereinafter be collectively referred to as “Rent” Subtenant shall pay the first monthly installment of Base Rental upon the execution of this Sublease.
Base Rental. (a) Tenant covenants and agrees to pay to Landlord during the Lease Term the amounts specified in Article 1(k) (as adjusted from time to time, the "Base Rental") as base rent for the Premises. The Base Rental shall be paid in equal monthly installments in advance, without demand, deduction or set off, on the first (1st) day of each and every calendar month during the Lease Term. A prorated monthly installment shall be paid in advance on the Rental Commencement Date for any fraction of a month if the Rental Commencement Date occurs on any day other than the first day of any month and on the first day of the final month of the Lease Term for any fraction of a month if the Lease Term shall expire or terminate on any day other than the last day of any month.
(b) The Base Rental for the first year of the Lease Term is set forth in Article 1(k) above. On each anniversary of the Commencement Date, the Base Rental shall be increased to an amount equal to the product of: (i) the amount of Base Rental for the previous calendar year (or portion thereof adjusted to reflect an annual rental) multiplied by (ii) the Increase Multiplier.
(c) Tenant covenants and agrees to pay to Landlord during the Lease Term such sums as are referred to herein as "Additional Rental" when due, without demand, deduction or set off. As used herein, the term "Rent" shall mean Base Rental, Additional Rental, and any other amounts due from Tenant hereunder. Any sums payable to Landlord by Tenant hereunder shall be deemed Additional Rental, and Landlord shall have all of the remedies upon default as it does for failure to pay Base Rental.