Rent Determination. The Base Rent for the Option Period shall be the then Fair Market Rental Rate. This Option shall not be personal to Lessee and may be exercised by any assignee of the Lessee permitted under the terms of the Lease. The Option shall be applicable to all space leased by the Lessee pursuant to the Lease.
Rent Determination. The parties shall have thirty (30) days after Lessor receives the option notice in which to agree on the Market Value Rent during the extended term. Within the thirty (30) day period after Lessor receives the option notice, Lessor and Lessee shall meet and each shall simultaneously provide to the other its written opinion of the Market Value Rent for the Premises for the renewal term (the Lessor and Lessee Determination Notices, respectively). If the parties agree on the Market Value Rent for the extended term during that period, they shall immediately execute an amendment to this Lease stating the Market Value Rent for the extended term. If the parties are unable to agree on the Market Value Rent for the extended term within that period, then within fifteen (15) days after the expiration of that period, each party, at its costs and by giving notice to the other party, shall appoint a real estate agent of broker "agent/broker") with at least five (5) years' full-time commercial real estate brokerage experience in the area in which the Premises are located, to determine and set the Market Value Rent fr the extended term. f a party does not appoint a real estate agent/broker within fifteen (15) days after the other party has given notice of the name of its agent/broker, the single agent/broker appointed shall be the sole determiner of and shall set the Market Value Rent for the extended term. If the two real estate agent/brokers are appointed by the parties as stated in this paragraph, they shall meet promptly and attempt to set the Market Value Rent for the extended term. If they are unable to agree within thirty (30) days after the second real estate agent/broker has been appointed, they shall attempt to select a third real estate agent/broker meeting the qualifications stated in this paragraph, within fifteen (15) days after the last day the two agent/brokers are given to set the Market Value Rent. If they are unable to agree on the third real estate agent/broker, either of the parties to this Lease, by giving fifteen (15) days' notice to the other party can apply to the then president of the San Xxxx Board of Realtors or to the presiding judge of the superior Court of Santa Xxxxx County for the selection of a third real estate agent/broker who meets the qualifications stated in this paragraph. Each of the parties shall bear one-half (1/2) of the cost of appointing the third real estate agent/broker and of paying the third agent/broker's fee. The third ag...
Rent Determination. Tenant agrees to pay to Landlord each year during the Term (as the Term may be adjusted pursuant to Section 3.2 or 3.3) the Annual Rent (Annual Base Rent plus applicable CAM charges) for the Premises. Annual Rent shall be paid in monthly installments in advance, on or before the first day of each calendar month during the Term; provided that Tenant shall pay to the Landlord prior to Commencement Date the prorated Monthly Rent attributable to the month in which the Commencement Date occurs if other than the first day of a month. The Monthly Rent shall include Florida State Sales Tax thereon and any other tax applicable to said Monthly Rent. Concurrently with the execution of this Lease, Tenant shall pay to Landlord the Monthly Rent for the first month's rent. All rent payable by Tenant to Landlord under this Lease shall be paid to Landlord in lawful money of the United States of America at Landlord's address on Page 1 herein, or to any other person or at any place Landlord may designate in writing. Unless otherwise specified, the term "rent" or "Rent" as used in this Lease shall include Base Rent plus CAM charges (as described in Section 5.1 below), and any other additional rent payable hereunder, plus all applicable taxes. All rent shall be paid without prior demand, deduction, setoff or counterclaim.
Rent Determination. The rental amount is based on one of two Housing Authority-designated methods as listed below:
Rent Determination. All provisions of the Lease and this Addendum shall continue in full force and effect during the Option Period; provided, however, that the Base Rent for the first year of the Option Period shall be set at the "Prevailing Market Rent" (as such term is defined below), but in no event less than the Base Rent in effect during the final month of the Original Term. Lessor and Lessee shall have thirty EXHIBIT 10.8.1
Rent Determination. Tenant agrees to pay to Landlord each year during the Term the Annual Rent for the Premises. Said Annual Rent shall be paid in monthly installments equal to the Monthly Rent. The Monthly Rent shall be due and payable in advance, on or before the first day of each calendar month during the entire Term, commencing with the first day of the first full calendar month of the Term; provided that Tenant shall pay to the Landlord on the Commencement Date the prorated Monthly Rent attributable to the month in which the Commencement Date occurs if the Commencement Date is other than the first day of a month. Concurrently with the execution of this Lease, Tenant shall pay to Landlord the Prepaid Rent, plus Florida State Sales Tax thereon and any other tax applicable to said prepaid Rent. All rent payable by Tenant to Landlord under this Lease shall be paid to Landlord in lawful money of the United States of America at Landlord's office on Page 1 herein, or to any other person or at any place Landlord designates in writing.
Rent Determination. The Options granted hereunder shall be upon the terms and conditions contained in the Lease except (i) options to extend, following the Options granted in this Section, and rights of first offer or abilities to request expansion space shall not be applicable, (ii) no Landlord's contributions, tenant allowances or similar concessions shall be applicable, (iii) no leasing commissions shall be payable by Landlord, (iv) the Base Year for the First Option shall be the last year of the initial Lease Term and the Base Year for the Second Option shall be the last year of the First Option Term, (v) the restriction on increases in the Capped Operating Expenses shall not apply during either Option Term, and (vi) the Rent to be paid by Tenant to Landlord during the Option shall be equal to 95% of the then Market Rate, as hereinafter defined; provided, however, that in no event shall the
Rent Determination. The Option granted hereunder shall be upon the terms and conditions contained in the Lease except (i) rights of first offer or abilities to request expansion space shall not be applicable, (ii) no Landlord's contributions, tenant allowances or similar concessions shall be applicable, (iii) no leasing commissions shall be payable by Landlord, (iv) the Base Year for Option Term shall be the last year of the initial Lease Term, and (v) the Rent to be paid by Tenant to Landlord during the Option shall be the then Market Rate, as hereinafter defined. Subject to said caveat, Rent for the Option Term shall be determined as follows:
Rent Determination. The Rent payable by Tenant for the Premises during the Renewal Term shall be determined as follows:
Rent Determination. Fair Market Rent shall be determined in the following manner:
