Rent definition
Examples of Rent in a sentence
On or before the Commencement Date, the Occupier shall provide to the Provider a current dated cheque representing the first instalment of the Rent and post-dated cheques representing the subsequent instalments of the Rent.
If the Occupier holds over without the consent of the Provider and fails to vacate the Licenced Area after the End of the Term, despite any contrary provisions, the Occupier shall be liable to pay the Provider the prorated Rent for the use and occupation of the Licenced Area from the End of the Term up to the date the Licenced Area is surrendered to the Provider.
For the avoidance of doubt the Rent includes the cost of the Basic Services but does not include any amounts payable by the Occupier in respect of Additional Services or any other costs associated with occupation of the Licenced Area.
The Tenant shall be entitled to a rent free period from the 1/1/2025 to 28/2/2025 (both days inclusive) provided that the Tenant shall be responsible for the charges of Government Rent, Government Rates, management fees, water, electricity and other outgoings payable in respect of Premises during such rent free period.
Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase, during the period from the Reference Trust Agreement to the date of any such increase, in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled “All Services Less Rent of Shelter” or similar index as described under Section 3.18.