Free Rent means the amount of base rent and tenant reimbursements that are abated according to the applicable lease agreement(s).
Free Rent means the period at inception of a tenant's lease during which the tenant does not pay base rent and operating expenses, as provided for under the lease agreement.
Free Rent. Landlord’s Work: Free Rent: Tenant shall receive an Allowance in the form of Free Rent for the first Four (4) months of the term of the Lease. Tenant shall pay CAM and Taxes during Free Rent period. Unit to be left in broom clean condition free of furniture, dirt, and debris.
Examples of Free Rent in a sentence
II.6. Free Rent: Please indicate any free rent in the space provided on the SAP form.
Free Rent and Rental Abatements: A schedule of all free rent or rental abatement activity should be included in the monthly accounting package.
II.5. Free Rent: Please indicate any free rent in the space provided on the SAP form.
The average rainfall of the district is 628 mm which is low compared to the state average of 896 mm.
Tenant shall pay a Modified Gross Rental Rate equal to $34.30 per RSF ($28.25 per RSF - net) for the first year following the expiration of the Free Rent Period with ninety cents ($0.90) per RSF annual increases throughout the remaining Lease Term.
More Definitions of Free Rent
Free Rent shall have the meaning set forth in Section 7.7.1 hereof.
Free Rent. No rent shall be due for the period of 07/01/2012 – 07/31/2012 “Security Deposit” $5,134.00
Free Rent. The first three (3) months rent shall be abated on the 3,773 R.S.F. portion of the Subleased Premises outlined on Attachment "B".
Free Rent. Credit. At Closing, Purchaser shall receive a credit to the Purchase Price in the amount equal to all unreimbursed costs due to tenants of the Properties for tenant improvements or abated rent in lieu of reimbursement for tenant improvement costs as well as all leasing commissions due brokers under the Leases all of which Sellers represent and warrant are identified in Exhibit E hereto to the extent due or existing as of the Closing Date.
Free Rent shall include only rent that is abated or not charged from and after the time that a tenant has completed its tenant improvements such that the premises are in a condition to be occupied. Exhibit E The determination of Market Rent shall take into consideration the value of the existing improvements in the Premises, as compared to the value of the existing improvements in such comparable space, with such value to be based upon the age, quality and layout of the improvements. Sublease and expansion transactions shall not be considered in establishing Market Rent. Landlord cannot be compelled to pay any concessions or allowances to Tenant during the Extension Term but market rate concessions and allowances for lease extensions may be considered in establishing Market Rent. Market Rent may include periodic or annual increases if such increases are consistent with then-existing market conditions.
Free Rent. Lessee shall be granted months one and two of the lease term as free rent. 53.
Free Rent. Notwithstanding any thing prior herein, there shall be no rent payable for the month of September 1999 nor for the month of September 2000. The Tenant shall still be required to pay additional rent and utility charges for the said two months. Tenant's 6. The Tenant covenants with the Landlord. Covenants