Amount of the Rent Sample Clauses

Amount of the Rent. 3.1.1 The Lease has been granted and accepted for an annual rent excluding taxes and excluding charges of an amount of nine hundred and eighteen thousand seven hundred and seventy euros (€ 918,770) (with VAT at the rate in force on the date that payment is due) (hereinafter the “Rent”).3.1.2 The Rent includes the annual fee for the non-exclusive right of access to the floor areas dedicated to the staff canteen. The annual Rent is all-inclusive and independent of the effective use of all or part of the Leased Premises (including the parking places and/or the staff canteen). Notwithstanding the above, it is specified, for information, that the Rent has been calculated according the following basis: ● Eight hundred and four thousand two hundred and seventy euros (€ 804,270) for premises for office use, i.e a rent of € 285 per square meter, ● Sixty thousand euros (€ 60,000) for the outside parking places, i.e a rent of € 1,500 per place, ● Thirty eight thousand five hundred euros (€ 38,500) for "Silo" parking place, i.e a loan of €1,750 per place, ● Sixteen thousand euros (€ 16,000) for "VIP" parking palces, i.e a rent of € 2,000 per place.

Amount of the Rent. The present commercial lease is granted for furnished property and accepted in exchange for payment to the LESSOR by the LESSEE of variable rent which is completely indexed on the real occupancy of the apartment covered by the present agreement, by the clientele of the LESSEE, since this latter party will sublet it to its clientele for the weeks that it is not occupied by the LESSOR. This rent shall be equal to 75% excl. tax of the sales excl. tax of the unit alone, resulting from subleasing to tourists, net of commissions paid to distributors, tour operators, travel agencies or other intermediaries. The rent is subject to V.A.T. at the current rate of 10% for residential units and 20% for parking spaces. It is hereby pointed out that the rent indicated above applies to the private areas of the furnished lot and to the shares of common areas assigned to this lot. The common areas necessary to the LESSEE are accessory to the furnished rental and will, therefore, be made available to it by the Co-owners’ Association and/or by each LESSOR within the framework of said commercial lease, free of charge for the needs of its operation. As such, the LESSEE will provide proof of this variable rent by providing the LESSOR with the effective occupancy, week by week, of the lots covered by the present agreement. An annual adjustment will take place on the last due date of each year. Sales generated by the LESSEE from the hotel-style services or other services offered to the clientele in addition to the lodging are excluded.