Rental Rate. The initial annual rent for each Property will be equal to nine and forty-five hundredths (9.45%) percent of the Purchase Price for such Property, as defined in Exhibit "A". Beginning in the sixth lease year, and every fifth lease year thereafter, inclusive of renewal periods, the annual rent will increase by an amount equal to the lesser of the prior year's scheduled rent multiplied by 10.0%, or the prior year's scheduled rent increased by 200% of the cumulative change in the consumer price index over the previous five (5) lease years.
Appears in 5 contracts
Samples: Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxi LTD Partnership), Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund 24 LLC), Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxi LTD Partnership)
Rental Rate. The initial annual rent for each Property will be equal to nine and forty-five hundredths (9.45%) percent 9.50% of the Purchase Price for such Property, as defined in Exhibit "A". Beginning in the sixth lease year, and every fifth lease year thereafter, inclusive of renewal periods, the annual rent will increase by an amount equal to the lesser of the prior year's scheduled rent multiplied by 10.0%, or the prior year's scheduled rent increased by 200% of the cumulative change in the consumer price index over the previous five (5) lease years.
Appears in 1 contract
Samples: Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxii LTD Partnership)
