Examples of Rent Year in a sentence
Pending determination of the Rent for any Rent Year, Rent is paid at the rate payable at the end of the previous Rent Year.
If this Lease ends at a time other than at the end of a Rent Year, the Lessee must pay to the Lessor prior to the end of this Lease the proportion of the Rent due at that time and the Parties must pay any monies owing to the other under this clause 4 (subject to any right of set-off) within one month of the Lease ending.
Rent is payable monthly in advance on the first day of each month by instalments each being one- twelfth (to the next whole cent) of the Rent for that Rent Year.
Rent Year means each separate year of the Term, with the first Rent Year commencing on the Commencement Date and each subsequent Rent Year commencing on the anniversary of the Commencement Date in each succeeding year.
If the Lessor does not undertake a Rent Review for a Rent Year, then the Lessor may at any time throughout the Term or after the Expiry Date recover from the Lessee the difference between the Rent that was paid by the Lessee and the Rent that ought to have been paid had the Rent Review occurred.