USE OF NET EQUIVALENT LEASE RATES FOR COMPARABLE TRANSACTIONS. The Net Equivalent Lease Rates for the Comparable Transactions shall then be used to reconcile, in a manner usual and customary for a real estate appraisal process, to a conclusion of Market Rent which shall be stated as a "Base Year" lease rate applicable to each year of the Option Term. An example of the application of using the process set forth on this Exhibit G to arrive at the Market Rent is attached hereto as Schedule 1. SCHEDULE 1 TO EXHIBIT G XXXXXX SABRE SPRINGS DETERMINATION OF MARKET RENT—EXAMPLE As an example of the determination of the Market Rent, assume that there is a 100,000 rentable square foot Comparable Transaction with a five (5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, a tenant improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Base Year Operating Expenses and Tax Expenses of $12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows.
Appears in 2 contracts
Samples: Office Lease (Bridgepoint Education Inc), Office Lease (Bridgepoint Education Inc)
USE OF NET EQUIVALENT LEASE RATES FOR COMPARABLE TRANSACTIONS. The Net Equivalent Lease Rates for the Comparable Transactions shall then be used to reconcile, in a manner usual and customary for a real estate appraisal process, to a conclusion of Market Rent which shall be stated as a "Base Year" “NNN” lease rate applicable to each year of the Option Term. An example of the application of using the process set forth on this Exhibit G H to arrive at the Market Rent is attached hereto as Schedule 1. EXHIBIT H -3- XXXXXX REALTY XXXXXX CENTRE DEL MAR [Airgain, Inc.] SCHEDULE 1 TO EXHIBIT G H XXXXXX SABRE SPRINGS CENTRE DEL MAR DETERMINATION OF MARKET RENT—RENT – EXAMPLE As an example of the determination of the Market Rent, assume that there is a 100,000 10,000 rentable square foot Comparable Transaction with a five (5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, a tenant an improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Base Year Operating Expenses and Tax Expenses of $12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows.
Appears in 2 contracts
Samples: Office Lease (Airgain Inc), Office Lease (Airgain Inc)