Common use of REASSESSMENT OF RENTAL VALUE Clause in Contracts

REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the Lease, Lessor shall reassess the fair rental value of the remaining Premises and shall adjust the Lease Fee if necessary to assure that the monthly fee does not exceed the monthly fair rental value of the premises for use as restricted by the Lease.

Appears in 1 contract

Samples: Community Land Trust Ground Lease

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REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the Lease, . Lessor shall reassess the fair rental value of the remaining Premises and shall adjust the Ground Lease Fee if necessary to assure ensure that the monthly fee does not exceed the monthly fair rental value of the premises for use as restricted by the Lease.

Appears in 1 contract

Samples: Lease Agreement

REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the this Lease, Lessor IHT shall reassess the fair rental value of the remaining Leased Premises and shall adjust the Ground Lease Fee if necessary to assure ensure that the monthly fee does not exceed the monthly fair rental value of the premises for use as restricted by the this Lease.

Appears in 1 contract

Samples: Island Housing Trust Ground Lease

REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the Lease, Lessor shall reassess the fair rental value of the remaining Premises and shall adjust the Ground Lease Fee if necessary to assure that the monthly fee does not exceed the monthly fair rental value of the premises for use as restricted by the Lease.

Appears in 1 contract

Samples: Lease

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REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the Lease, Lessor shall reassess the fair rental value of the remaining Premises and shall adjust reduce the Lease Fee if necessary to assure that the monthly fee does not exceed the monthly fair rental value of the premises Leased Premises for use as restricted by the this Lease.

Appears in 1 contract

Samples: www.homesteadclt.org

REASSESSMENT OF RENTAL VALUE. In the event of any taking that reduces the size of the Leased Premises but does not result in the termination of the this Lease, Lessor shall reassess the fair rental value of the remaining Leased Premises and shall adjust the Ground Lease Fee if necessary to assure ensure that the monthly fee does not exceed the monthly fair rental value of the premises for use as restricted by the this Lease.

Appears in 1 contract

Samples: Island Housing Trust Ground Lease

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