Rent Decrease Sample Clauses
A Rent Decrease clause allows for the reduction of rent payments under certain specified conditions during a lease term. Typically, this clause outlines scenarios such as property damage, loss of essential services, or regulatory changes that materially affect the tenant's use of the premises, triggering a temporary or permanent reduction in rent. Its core practical function is to provide financial relief to tenants when circumstances beyond their control diminish the value or usability of the leased property, ensuring fairness and risk allocation between landlord and tenant.
Rent Decrease. Tenant can show a change in his/her circumstances (such as a decline in income) which would justify a re-determination of rent. A downward adjustment in rent shall become effective immediately.
Rent Decrease. The adjustment will be effective on the first day of the month after the date of the reported change.
Rent Decrease. In the event that Tenant elects an Early Termination Option, effective upon the close of escrow for such Model Home sale, the Rent shall decrease by an amount equal to the then current Rent amount for such Model Home.
Rent Decrease. From and after February 1, 2002, the base rent paid by Tenant and Tenant's share of Additional Rent shall be decreased to reflect the space removed from the Premises by this Second Amendment.