Free Basic Rent Sample Clauses
The 'Free Basic Rent' clause provides that the tenant is not required to pay the base rent for a specified initial period of the lease. Typically, this applies to the first few months of the lease term, during which the tenant occupies the premises without owing the standard monthly rent, though other charges like utilities or operating expenses may still apply. This clause serves as an incentive for tenants to enter into a lease and helps offset their initial move-in or setup costs, making the property more attractive and easing the tenant’s financial burden at the start of the lease.
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Free Basic Rent. The Tenant shall have a Basic Free Rent period of Two (2) months from the Commencement Date for 2758,2762, 2768 Rupert and 2774, 2788 Rupert. During this period the Tenant shall pay to the landlord its Proportionate Share of Operating Costs and Property Taxes and any separate utilities and/or operating costs directly attributable to the Leased Premises. The Tenant shall have a Basic Free Rent period of Three (3) months from the Commencement Date for 2748 Rupert. During this period the Tenant shall pay to the landlord its Proportionate Share of Operating Costs and Property Taxes and any separate utilities and/or operating costs directly attributable to the Leased Premises.
Free Basic Rent. Notwithstanding anything to the contrary herein contained, but subject to the Tenant being in occupancy and not in default, the Landlord shall provide the Tenant with sixteen (16) months free Basic Rent. The free Basic Rent shall be applied by the Landlord against the payment of Basic Rent accruing due during following calendar months of the Term:
(a) March 2012 through May 2012, inclusive;
(b) March 2013 through May 2013, inclusive;
(c) February 2014 through May 2014, inclusive;
(d) March 2015 through May 2015, inclusive;
(e) March 2016 through May 2016, inclusive, and Sections 1.1(j) and 5.1 hereto shall be deemed to have been amended accordingly. For greater certainty, the Tenant acknowledges and agrees that notwithstanding the periods of free Basic Rent set out above it shall remain responsible for payments of all other amounts owing under this Lease.
Free Basic Rent. Notwithstanding anything to the contrary herein contained, but subject to the Tenant being in occupancy and not in default, the Landlord shall provide the Tenant with sixteen (16) months free Basic Rent. The free Basic Rent shall be applied by the Landlord against the payment of Basic Rent accruing due during following calendar months of the Term:
(a) April 2012 through June 2012, inclusive; (b) April 2013 through June 2013, inclusive; (c) March 2014 through June 2014, inclusive; (d) April 2015 through June 2015, inclusive; (e) April 2016 through June 2016, inclusive, and Sections 1.1(j) and 5.1 hereto shall be deemed to have been amended accordingly. For greater certainty, the Tenant acknowledges and agrees that notwithstanding the periods of free Basic Rent set out above it shall remain responsible for payments of all other amounts owing under this Lease.”.
(c) Section 5.7 of the Lease is amended by deleting reference to “June 2012, June 2013, June 2014 and June 2015” and replacing with “July 2012, July 2013, July 2014 and July 2015”.
Free Basic Rent. Notwithstanding any terms to the contrary in this Lease, the Tenant shall not be required to pay Basic Rent for the first 2 months of the Initial Term (the “Free Basic Rent Period”).
Free Basic Rent. The Landlord will grant the Tenant possession of the Leased Premises for four (4) months free of Basic Rent, which will be based on $19.00 per square foot of Basic Rent The free Basic Rent will be applied as a credit to the Basic Rent owing by the Tenant to the Landlord for the period of August 1st, 2014 to November 30, 2014. During this free rent period, the Tenant will continue to pay its proportionate share of operating costs, realty taxes and any other amounts owing in accordance with the Lease.
Free Basic Rent. Notwithstanding anything to the contrary herein contained, but subject to the Tenant being in occupancy and not in default, the Landlord shall provide the Tenant with four (4) months free Basic Rent. The free Basic Rent shall be applied by the Landlord against the payment of Basic Rent accruing due during the calendar months of February 2011, February 2012, January 2013 and January 2014 of the Term and Sections 1.1(j) and 5.1 hereto shall be deemed to have been amended accordingly. For greater certainty, the Tenant acknowledges and agrees that notwithstanding the period of free Basic Rent set out above it shall remain responsible for payments of all other amounts owing under this Lease.