Base Rent definition
Examples of Base Rent in a sentence
During the period of any such holding over, all provisions of this Lease shall be and remain in effect except that the monthly Base Rent rate shall be at 150% the amount of Base Rent rate payable for the last full calendar month of the Lease Term.
Tenant may, in its discretion, pay Base Rent by EFT payment in which case Landlord shall provide to Tenant account information and wire transfer instructions such that Tenant can pay electronically by wire transfer of immediately available federal funds.
Within twenty (20) days after the selection of Landlord’s appraiser, the two (2) appraisers shall render a joint written determination of the Fair Market Rent, which determination shall take into consideration any differences between the Building and those buildings comparable to the Building located in the Market Area, including without limitation age, location, setting and type of building, but in no event shall the Fair Market Rent be less than the Minimum Extension Base Rent.
As of the commencement of the Option Term, the Base Rental rate for the Premises for the first year of the Option Term will be adjusted to the prevailing Market Base Rental Rate (hereinafter defined) as of the commencement of the Option Term; provided, however, in no event shall Base Rent be below the Base Rent paid during the last year of the Initial Lease Term.
In the event Tenant remains in possession of the Premises after the expiration of the Term hereof, with ▇▇▇▇▇▇▇▇’s written consent, Tenant shall be a month-to-month tenant and such tenancy shall be subject to all the provisions hereof, except that the monthly base rental shall be at 200% of the monthly Base Rent payable hereunder upon such expiration of the Term.