Rent Rent Adjustments. 17 3.1. Rent......................................................................................................17 3.2. Confirmation of Percentage Rent and Sundry Rent...........................................................21 3.3. Additional Charges........................................................................................22 3.4. Net Lease; No Termination, Abatement, Etc.................................................................23 3.5. Material Changes in Economic Climate......................................................................23 3.6. Rent Adjustment: Basic Assumptions Incorrect.............................................................24 ARTICLE 4
Rent Rent Adjustments. The Lessee shall pay to the Lessor for the use of the Leased Premises a monthly rent amount of One Hundred Forty-Two and 50/100 Dollars ($142.50) (the “Monthly Rent”) payable in advance on or before the first (1st) of each applicable month (unless otherwise provided for herein), without further notice from Lessor. The Lessee may prepay the total Monthly Rent for the entire Term on or before the beginning of the Term. In which case, Lessor shall reduce the Monthly Rent by Two Percent (2%) for the entire Term, and no further Monthly Rent payments shall be due from Lessee for the remainder of the Term. A Monthly Rent payment received by Lessor after the fifth (5th) day of the applicable month for which said Monthly Rent is due shall be considered late, and Lessor shall assess Lessee a Twenty-five and no/100 Dollars ($25.00) late fee. The postage date of a mailed Monthly Rent payment shall determine the date of payment. The Monthly Rent specified herein shall be subject to reexamination and readjustment on each annual anniversary of the date of this Lease, if applicable.
Rent Rent Adjustments. 17 3.1. Rent...................................................................................................17 3.2. Confirmation of Percentage Rent........................................................................20 3.3.
Rent Rent Adjustments
