Basic Rent Etc Sample Clauses
The 'Basic Rent, etc' clause defines the primary monetary obligations a tenant must pay to the landlord under a lease, typically specifying the base rent amount and the schedule for payment. In practice, this clause may also outline additional recurring charges such as operating expenses, taxes, or utilities that are the tenant's responsibility, and clarify when and how these payments are to be made. Its core function is to ensure both parties have a clear understanding of the tenant's financial commitments, thereby reducing the risk of disputes over payment terms during the lease term.
Basic Rent Etc. Lessee agrees to pay Basic Rent for the Leased Property in advance in consecutive monthly installments on each Lease Period Date during the Term, each installment to cover the Lease Period immediately following the date on which it is due in such amounts as set forth in Exhibit B hereto; provided that if Lessee shall pay the Release Price in full, in cash, prior to September 29, 1996 and the other conditions in Section 3(b) of the Restructure Agreement are satisfied, the Lessee shall receive a credit on Basic Rent and any Supplemental Rent in the amount of Two Million Dollars ($2,000,000), and Exhibits B and C hereto shall be revised accordingly.
Basic Rent Etc