Example No. 2. If Ground Rent is equal to $41,700 and the Percentage Threshold is $56,700: $56,700 - $41,700 = $15,000 and Percentage Rent of $15,000 is due for that month.
Appears in 1 contract
Sources: Lease Agreement
Example No. 21. If Ground Rent is equal to $41,700 and the Percentage Threshold is $56,70036,700: $56,700 36,700 - $41,700 = $15,000 A negative number and no Percentage Rent of $15,000 is due for that monthdue.
Appears in 1 contract
Sources: Lease Agreement