Base Rent/RSF definition
Base Rent/RSF. The industrial gross Base Annual Rent will be sixty-two dollars ($62.00) per rentable square foot, with three percent (3%) annual increases commencing on the first anniversary of the Commencement Date. Prepaid Base Rent Amount: $0 Base Year: 2016 Base Tax Year: 2016 Project Square Footage: 660,223 RSF Tenant’s Percentage Share: 9.22%
Examples of Base Rent/RSF in a sentence
The ROFR Amendment shall include that the ROFR Space shall be included in the Subleased Premises upon delivery of the ROFR in the condition agreed to by the parties, Base Rent shall be adjusted to include the RSF of the ROFR Premises at the applicable Monthly Base Rent/RSF, and Subtenant’s Proportionate Share shall be equitably and reasonably adjusted.