PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second year of the term and each year thereafter ("the adjustment date") to the greater of: 1) the monthly rent in effect immediately preceding the adjustment date plus four percent (4%); or 2) the monthly rent as adjusted for the change in the Consumer Price Index (CPI), as calculated below.
Appears in 7 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second year of the term and each year thereafter ("the adjustment date") to the greater of: 1) the monthly rent in effect immediately preceding the adjustment date plus four three percent (43%); or 2) the monthly rent as adjusted for the change in the Consumer Price Index (CPI), as calculated below.
Appears in 4 contracts
Samples: Lease Agreement, www.cityofberkeley.info, www.cityofberkeley.info
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second third year of the term Term (May 1, 2025) and each year thereafter ("the adjustment date") to the greater of: 1) the ). The adjusted monthly rent in effect immediately preceding the adjustment date plus four will be calculated by adding three percent (43%); or 2) . Monthly rent increases based on the monthly rent as adjusted for the change annual 3% adjustment have been calculated and are further described in the Consumer Price Index (CPI)Exhibit C, as calculated belowattached to and made a part of this Lease.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second year of the term and each year thereafter ("the adjustment date") to the greater lesser of: 1) the monthly rent in effect immediately preceding the adjustment date plus four three percent (43%); or 2) the monthly rent as adjusted for the change in the Consumer Price Index (CPI), as calculated below.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second third year of the term and each year thereafter ("the adjustment date") to the greater of: 1) the monthly rent in effect immediately preceding the adjustment date plus four three percent (42%); or 2) the monthly rent as adjusted for the change in the Consumer Price Index (CPI), as calculated below.
Appears in 1 contract
Samples: berkeleyca.gov
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second year of the term Term and each year thereafter ("the adjustment date") to the greater of: 1) the ). The adjusted monthly rent in effect immediately preceding the adjustment date plus four will be calculated by adding three percent (43%); or 2) . Monthly rent increases based on the monthly rent as adjusted for the change annual 3% adjustment have been calculated and are further described in the Consumer Price Index (CPI)Exhibit C, as calculated belowattached to and made a part of this Lease.
Appears in 1 contract
Samples: Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the second year of the term and each year thereafter ("the adjustment date") to the greater lesser of: 1) the monthly rent in effect immediately preceding the adjustment date plus four three percent (43%); or 2) the monthly rent as adjusted for the change any increase in the Consumer Price Index (CPI), as calculated below.
Appears in 1 contract
Samples: Lease Agreement