Cost of the Lease definition

Cost of the Lease. For the lease term commencing on July 1, 2022 through June 30, 2027 the annual cost of this lease will be approximately, $45,071.28 or $8.75 per square foot per year payable in equal monthly installments of $3,755.94 per month. The total cost of this lease contract is $225,356.40.
Sample 1
Cost of the Lease. For the lease term commencing on September 1, 2022 through August 31, 2025, the annual cost of this lease will be $44,205.00 or approximately, $15.00 per square foot per year payable in equal monthly installments of $3,683.75 per month. The total cost of this lease contract is $132,615.00. Source of Funding: DOT operational cost center. Consequences of delaying or abandoning the lease: Delaying or canceling the renewal of the lease would result in loss of services mandated by the state and federal government.
Sample 1
Cost of the Lease. For the lease term commencing on September 1, 2022 through August 31, 2027, the annual cost of this lease will be $18,600.00 or approximately, $5.48 per square foot per year payable in equal monthly installments of $1,550.00 per month. The total cost of this lease contract is $93,000.00 Source of Funding: DOT operational cost center. Consequences of delaying or abandoning the lease: Delaying or canceling the renewal of the lease would result in loss of necessary storage space for various bureaus of the Iowa Department of Transportation.
Sample 1

Examples of Cost of the Lease in a sentence

  • You must identify each item of leased, loaned, or rented personal property as follows:  Owner’s/Lessor’s Name, Address, and Telephone Number  Property Description Including Model, Serial Number, or Capacity  Check New or Used  Total Cost of the Lease to You  Original Installed Cost  Lease Number  Lease Term (From-To)  Total Amount of Annual Rent.

  • You must identify each item of leased, loaned, or rented personal property as follows: ◼ Owner’s/Lessor’s Name, Address, and Telephone Number ◼ Property Description Including Model, Serial Number, or Capacity ◼ Check New or Used ◼ Total Cost of the Lease to You ◼ Original Installed Cost ◼ Lease Number ◼ Lease Term (From- To) ◼ Total Amount of Annual Rent.

  • Aggrieved workers, given their limited access to information and grievance redressal mechanisms coupled with the language barriers, have no other recourse than parting with their hard- earned money.Most of the labour legislations are not complied with by the employers in the case of migrant workers.

  • See below.Dimensions of Building: Dimensions of Lot: Annual Cost of the Lease, if applicable: Estimated Cost of Construction or Leasehold Improvements Type of Construction of Building: Estimated Annual Depreciation on Building or Leasehold Improvements: Estimated Cost of Furniture, Fixtures, and Equipment: Estimated Depreciation on Furniture, Fixtures, and Equipment: k.

  • Mr. Rose informed Council that all of this information is outlined in Staff's Report under "Funding to Cover the Cost of the Lease and Purchase".

  • You must identify each item of leased, loaned, or rented personal property as follows: ■ Owner’s/Lessor’s Name, Address, and Telephone Number ■ Property Description Including Model and Serial Number ■ Total Cost of the Lease to You ■ Original Installed Cost ■ Lease Number ■ Lease Term (From-To) ■ Total Amount of Annual Rent.

  • If the Lessor determines that the total amount of software license fees and other costs exceed twenty-five percent (25%) of the Total Cost of the Lease, Lessor shall have the option to exclude the excess software license fees and other costs from the lease under this Individual Agreement and Lessee agrees to reimburse Lessor for such amounts within 14 days of receipt of an invoice from the Lessor..

  • You must identify any leased, loaned, or rented equipment accompanying the drilling rig, as follows: Owner’s/Lessor’s Name, Address, and Telephone Number Description of Equipment, Including Type, Model Number, and Serial Number Lease:Total Cost of the Lease to You Lease NumberLease Term (From-To)Total Amount of Annual RentIf any of the leased equipment listed is capitalized on your books and records, please check the box at the beginning of the line corresponding with the name of the Lessor.

  • You must identify each item of leased personal property as follows:  Owner's/ Lessor's Name, Address, and Telephone Number  Property Description Including Model and Serial Number  Cost of the Lease  Lease Number  Lease Term (From-To)  Total Amount of Annual Rent.

  • You must identify each item of leased, loaned, or rented personal property as follows: ■ Owner’s/Lessor’s Name, Address, and Telephone Number ■ Property Description Including Model, Serial Number, or Capacity ■ Check New or Used ■ Total Cost of the Lease to You ■ Original Installed Cost ■ Lease Number ■ Lease Term (From-To) ■ Total Amount of Annual Rent.

Related to Cost of the Lease

  • Cost of the Work means those costs described in Paragraph 11.2.

  • Cost of the Project means and embraces the cost of construction; the cost of all

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Extension Term means the time period defined in §2.C.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Base Year means the period set forth in Section 5 of the Summary.

  • Landlord Delay means any actual delay in the completion of the Improvements as a result of Landlord’s breach or material default under this Third Amendment (including, without limitation, any breach of representation or warranty); any delays relating to any of the matters specified in Section 5.3 of Exhibit B; any failure to respond to any items required to be furnished or approved by Landlord within a time period expressly set forth in this Third Amendment or the Lease (unless a deemed approval is specified, in which case no Landlord Delay shall be assessed); Landlord’s failure to allow contractors access to the Building or Premises as scheduled in advance with the Building’s property manager or Landlord’s request for material changes in the fmal Plans and Specifications after Landlord’s approval thereof (unless such request was caused by an error or omission by Tenant), provided, however, that notwithstanding the foregoing, no Landlord Delay shall be deemed to have occurred unless and until Tenant has delivered to Landlord a factually correct written notice (the “Landlord Delay Notice”), specifying the bona fide action or inaction which Tenant contends constitutes the Landlord Delay. If such action or inaction is not cured by Landlord within two (2) business days of Landlord’s receipt of such Landlord Delay Notice, then the Landlord Delay shall be deemed to have occurred as of the expiration of such two (2) business day period. A delay in construction of the Improvements due to a Tenant Delay (as defined in Exhibit B, attached to and part of the Original Lease), any Force Majeure event or a delay by any governmental authority (including but not limited to the City of Los Angeles) shall not be deemed a Landlord Delay. Any Landlord Delay Notice shall be sent to the notice address set forth in the Lease with copies to (a) to the property manager at the management office of the Building; and to (b) Xxxxxxx Xxxxxx Management LLC, 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxx Xxxxxx, Xxxxxxxxxx 00000, Attention: Leasing Legal Department Manager.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being understood and agreed that Seller shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following: