BASIC LEASE TERMS Clause Samples
The BASIC LEASE TERMS clause serves to summarize the essential details of a lease agreement in a clear, easily referenced section. It typically lists key information such as the names of the landlord and tenant, the property address, lease duration, rent amount, security deposit, and important dates. By consolidating these fundamental terms at the beginning of the lease, this clause ensures that both parties can quickly identify and confirm the main contractual obligations, reducing the risk of misunderstandings and streamlining reference throughout the lease term.
BASIC LEASE TERMS. The following terms shall have the following meanings in this Lease:
BASIC LEASE TERMS. Each reference in this Lease to the "
BASIC LEASE TERMS. In addition to the terms defined in Article 2 and elsewhere in this Lease, the terms set forth below shall have the meanings herein specified when referred to in this Lease:
BASIC LEASE TERMS. The basic terms of the Lease set forth in this Article 1 shall be read in conjunction with the other Articles of this Lease, which define and explain the basic terms.
1.1 Address for Notice (see Section 24.19) Landlord: ▇▇▇▇▇▇▇ – ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Tenant: At the Premises, or Address for Tenant other than at the Premises (required): ▇▇▇▇-▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ 1.2 Description of Premises: Property Name: Green Dragon Colony Address: ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Approximate Rentable Square Footage: 2,002 Pro Rata Share: 9.1249%
BASIC LEASE TERMS. The Demised Premises are more specifically described in, and are leased under the provisions of, a lease agreement (the "Lease"), the basic terms of which are described below:
BASIC LEASE TERMS. The following capitalized terms shall have the meanings set forth below: PREMISES: That certain building containing approximately 471,744 rentable square feet, as shown on Exhibit "A-1" (the "Original Building") and appurtenant parking area, landscaping, easements and related improvements (which Original Building and appurtenant parking area, landscaping, easements and related improvements shall be collectively referred to as the "Original Premises") to be built by Landlord. The Original Premises, as expanded (if at all) in accordance with the Lease, shall be referred to as the "Premises." The square footage of the Original Building and any expansions in the Building (the Original Building, as expanded, shall be referred to as the "Building") will be measured from the outside of any exterior walls containing the Building, will exclude any exterior storage areas, patios, loading docks, truck staging areas, sidewalks, or other areas not intended for use as office or warehouse space, and (for the purpose of computing the amount of Base Rent, additional rent or other amounts payable by Tenant to Landlord under this Lease) will exclude any mezzanines or other increases in the square footage of the Building constructed by or for Tenant at Tenant's sole cost and expense. On or before the Rent Commencement Date, Landlord and Tenant shall determine the Commencement Date of the Term, the Rent Commencement Date, the expiration date of the Term, the original Base Rent, the exercise date(s) for any options to extend or renew, and such other information as the parties elect to include. Such dates, amounts, figures and information shall be set forth in a written memorandum signed by both Landlord and Tenant. The parties agree that the square footage of the Original Building will be and is the 471,744 figure set forth above (subject to any modifications in the Original Building that may hereafter be agreed upon) and that the square footage of any expansions in the Building will be measured in the manner set forth above.
BASIC LEASE TERMS. The terms set out and defined in this Section, whenever used in this Lease with the first letter of each word capitalized, shall have only the meanings set forth in this section, unless such meanings are expressly modified, limited or expanded elsewhere in this Lease.
BASIC LEASE TERMS. The basic terms of the Lease set forth in this Article 1 shall be read in conjunction with the other Articles of this Lease, which define and explain the basic terms.
1.1 Address for Notice (see Section 24.19): Landlord: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: [6868 ▇▇▇▇▇ ▇▇▇▇▇] Property Management Tenant: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
1.2 Description of Premises:
BASIC LEASE TERMS. This Section sets forth certain basic terms of this Lease for reference purposes. This Section is to be read in conjunction with the other provisions of this Lease; provided, however, to the extent of any inconsistency between this Section and the other provisions of this Lease, this Section shall control.
BASIC LEASE TERMS. Landlord leases to Tenant, and Tenant rents and hires from Landlord, the Premises described in Section 1.1 below, for the rents hereinafter reserved, for the term stated in Section 1.4 below, and upon and subject to the terms, conditions (including limitations, restrictions, and reservations), and covenants hereinafter provided. Each party hereby expressly covenants and agrees to observe and perform all of the conditions and covenants herein contained on its part to be observed and performed. The parties agree that the following table (the "Table") sets forth in summary form the basic terms of this Lease, as all of such terms as defined below: ---------------------------------------------------------------------------------------------------------------- Period Suite # Square Footage Monthly Base Pro Rata Share Base Year Rent (incl. CAM) ---------------------------------------------------------------------------------------------------------------- May 15, 1998 - B-E 1930 s.f. $2509.00 5.68% 1998 May 14, 2001 ---------------------------------------------------------------------------------------------------------------- In the event of any conflict between the terms contained in the Table and the terms contained in subsequent sections of the Lease, the terms of the Table shall control, subject to any adjustments specifically provided for in any other provisions of the Lease.
