Rent Absolute Clause Samples
The 'Rent Absolute' clause establishes that the tenant's obligation to pay rent is unconditional and not subject to any deductions, set-offs, or counterclaims. In practice, this means the tenant must pay the full rent amount regardless of any disputes, defects in the property, or interruptions in services. This clause ensures the landlord receives a consistent income stream and shifts the risk of property issues or other problems to the tenant, thereby providing financial certainty for the landlord.
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Rent Absolute. This Lease shall be deemed and construed to be a “net lease” and, except as otherwise specifically provided in this Lease, Tenant agrees to pay all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the ownership, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, which, except for the execution and delivery hereof, would otherwise have been payable by Landlord.
Rent Absolute. Except as otherwise expressly ------------- provided herein, this Lease shall be deemed and construed to be a "net lease" and Tenant agrees to pay all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the ownership, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, which, except for the execution and delivery hereof, would otherwise have been payable by Landlord.
Rent Absolute. 17.1 The Personal Property and the Demised Premises are let and leased subject to the rights, if any of patients currently residing in the Demised Premises and the state of the title thereof as of the date the Lessor acquires title from its seller, to any state of facts which an accurate survey or physical inspection thereof might show, and to all zoning regulations, restrictions, rules and ordinances, building restrictions and other laws and regulations now in effect or hereafter adopted by any governmental authority having jurisdiction thereover. Lessee has examined the Personal Property and the Demised Premises and has found the same satisfactory. Lessee acknowledges that the Personal Property and the Demised Premises are the property of Lessor and that Lessee has the leasehold rights as set forth in the terms and conditions of this Lease. As a material inducement to Lessor in the making of and entry into this Lease, Lessee hereby expressly agrees as follows:
(a) It is the responsibility of the Lessee to be fully acquainted with the nature, in all respects, of the Demised Premises, including (but not by way of limitation); the soil and geology thereof, the waters thereof and thereunder; the drainage thereof; the manner of construction and the condition and state of repair and lack of repair of all improvements of every nature; the nature, provisions and effect of all health, fire, zoning, building, subdivision and all other use and occupancy laws, ordinances, and regulations applicable thereto; and the nature and extent of the rights of others with respect thereto, whether by way of reversion, easement, right of way, prescription, adverse possession, profit, servitude, lease, tenancy, lien, encumbrance, license, contract, reservation, condition, right of re-entry, possibility of reverter, sufferance or otherwise. Lessor makes no representation as to, and has no duty to be informed with respect to, any of the matters set forth in the preceding sentence. Lessee hereby accepts the Demised Premises as suitable and adequate in all respects for the conduct of the business and the uses of the Demised Premises contemplated under the provisions of the Lease. Notwithstanding the foregoing, Lessor represents that it has no actual knowledge of anything related to the foregoing which would cause the Demised Premises to be materially inadequate for its permitted use hereunder.
(b) Lessee expressly covenants and agrees that it hereby takes this Lease and the leasehold...
Rent Absolute. Damage to or destruction of any portion of the buildings, structures and fixtures of the Facility, by fire, the elements or any other cause whatsoever, whether with or without fault on the part of Tenant, shall not terminate this Agreement or entitle Tenant to surrender the Facility or entitle Tenant to any abatement of or reduction in the Rent payable, or otherwise affect the respective obligations of the parties hereto, any present or future law to the contrary notwithstanding.
Rent Absolute. 25 ARTICLE XVI. Assignment-Subletting by Tenant . . . . . . . . . 26 ARTICLE XVII.
Rent Absolute. Any damage or destruction to all or any portion of the buildings, structures and fixtures upon the demised premises, by fire, the elements, or any other cause whatsoever, whether with or without fault on the part of Tenant, shall not, terminate this lease or entitle Tenant to surrender the demised premises or entitle Tenant to any abatement of or reduction in the rent payable, or otherwise affect the respective obligations of the parties hereto. If the use of the demised premises for any purpose should, at any time during the term of this lease, be prohibited by law or ordinance or other governmental regulation, or prevented by injunction, this lease shall not be thereby terminated, nor shall Tenant be entitled by reason thereof to surrender the demised premises, or to any abatement or reduction in rent, nor shall the respective obligations of the parties hereby be otherwise affected unless such eviction is due to the act of Landlord or any person or persons claiming any interest in the demised premises by or under Landlord.
Rent Absolute. It is the intent of the parties that the Basic Rent provided in this Lease shall be a net payment to Landlord; that this Lease shall continue for the full Lease Term notwithstanding any occurrence preventing or restricting use and occupancy of the Demised Premises, including any damage or destruction affecting the Demised Premises, and any action by governmental authority relating to or affecting the Demised Premises, except as otherwise specifically provided in this Lease; that the Basic Rent and Additional Rent shall be absolutely payable without offset, reduction, deduction, counterclaim, or abatement for any cause except as otherwise specifically provided in this Lease; that Landlord shall not bear any costs or expenses relating to the Demised Premises or provide any services or do any act in connection with the Demised Premises except as otherwise specifically provided in this Lease; and that Tenant shall pay, in addition to Basic Rent, Additional Rent to cover costs and expenses relating to the Demised Premises, the Common Facilities, and the Property, all as hereinafter provided.
Rent Absolute. 8 ARTICLE XIII.
Rent Absolute. 43 Section 34.17. Tenant Authority.................................................. 43
Rent Absolute. Subject to Section 22.1 hereof, and without impairing the rights of Tenant to contest or challenge taxes, charges, assessments and other amounts charged by third parties for labor or services in connection with the operation of the Premises in accordance with Article III hereof, Tenant acknowledges that its obligation under this Lease to pay Rent in the amounts and in the manner herein provided is absolute and unconditional, notwithstanding Section 21.19, and shall continue in full force and effect without abatement or offset of any nature whatsoever regardless of any inability of Tenant to use or occupy the Premises (or any portion thereof) for any reason whatsoever including, without limitation, failure to complete Landlord’s Work, war, acts of God, storms, governmental regulations, strike, other labor troubles, loss, damage, destruction, loss of possession or right of possession, disrepair, obsolescence, failure of the Premises to properly operate for any cause and at any time, improper installation or condition or suitability or adaptability of the Premises for Tenant’s cause or purpose, or any other cause whatsoever.