Gross Rent. For the first year of the Term (12 months' occupancy), Tenant shall pay to Landlord Twenty Six Thousand Four Hundred Twenty Nine and 00/100 Dollars ($26,429.00) as gross rent ($13.00 per rentable square foot) for the Premises (the "Annual Gross Rent"), due and payable on the first day of each calendar month (first month's Rent and Security Deposit due upon Tenants' execution of this Lease) during the first year of the Term at Two Thousand Two Hundred Two and 42/100 Dollars ($2,202.42 ) per month ("Monthly Rent") together with any and all applicable sales and other taxes now or later enacted. Tenant covenants to pay without notice, deduction, set-off or abatement to Landlord the Gross Rent. All sums due and payable by Tenant to Landlord under the terms and provisions of this Lease shall constitute "Additional Rent" under this Lease. All checks or negotiable drafts for Monthly Rent and any Additional Rent are to be made payable to the order of Landlord and mailed or hand delivered to Landlord's office or to any other office so designated by Landlord. If the Commencement Date is not on the first day of a calendar month, the first payment due and payable shall include a per diem proration payment for such partial calendar month together with Monthly Rent for the month next following the Commencement Date. Commencing in the second (2nd) Lease Year (after 12 months of occupancy), and each Lease Year thereafter, the Annual Gross Rent shall escalate on the basis of five percent (5%) over the previous Lease Year's Annual Gross Rent plus applicable sales and other taxes thereon, now existing or later enacted. However, if the amount of Real Estate Taxes, Utilities (total of electricity, water, garbage removal) or Insurance increase in excess of 5% during any calendar year of this Lease over the previous calendar year, Tenant will be charged its proportionate share of such increase over 5%. Tenant's share of such increased costs shall be determined by multiplying the increase over 5% by a fraction, the numerator of which shall be the square footage of the Tenant's Premises and the denominator of which shall be the total leased space of the Building as reasonably determined by Landlord. For years where occupancy is less than a calendar year, Tenant's proportionate share, if any, will be prorated accordingly.
Gross Rent. $ Monthly Rent Discount/Incentive/Concession/Credit (if applicable):$ Resident acknowledges that late payments may result in the loss of Monthly Rent Discount/Incentive/Concession/Credit. Net Rent (gross rent minus concessions): $ Resident agrees to pay net rent of $ due on or before the day of each month. For tenancy beginning after the first of the month, the rent will be prorated as follows (select one): □First month’s will be prorated the first month rent will be $ . Resident is responsible for paying the full the regular monthly rent on the date due. □Second month’s will be pro-rated. The prorated amount is $ from / / through / / . Pro-rated rent amount is calculated by dividing the monthly rent by 30-days to calculate the daily rate. and then multiplying the number of days tenant is occupying the residency. Succeeding monthly periodic rental payment shall commence as outlined above. Resident agrees to pay rent at the management office or at such other place as Owner/Agent may designate: (address) Additional instructions: . If Resident submits payment of rent to a “drop box” provided by the management office, rent shall be deemed submitted on the next business day. If the Resident submits payment by mail, rent shall be deemed submitted five (5) days after the postmark. Rent payments must be tendered by [select all applicable; at least two must be checked] □ check, □ certified cashier’s check, □ electronic payment or fund, □ money order, or □ cash. All monies paid are applied to the oldest outstanding balances first. Owner/Agent may change the terms of this lease in accordance with applicable law, including rent increases and other modifications to the terms of the contract. Rent payments made by a third-party or an individual(s) not named on this agreement shall be accepted by Owner/Agent and shall be deemed tendered on behalf of the residents/occupants named in this agreement only and does not constitute a tenancy with the payor.
Gross Rent. For greater certainty, Tenant shall pay directly to the Landlord all gross rents, prepayments and deposits to be applied to the Sublandlord's rental account, as Gross Rent for the Third Floor Leased Premises, payable in equal monthly installments in advance on the first day of each calendar month during the term of the Sublease.
Gross Rent. In addition to Rent in Section 4.a, Tenant agrees to pay Landlord, on 6,994 rentable square feet, “all-in” gross rent (“Rent”), for the remainder of the Initial Term of the Lease, at the rate of $14.00 per square foot, plus applicable sales tax. Tenant is not responsible for any Common Area Maintenance or costs related thereto. Rent shall be due and payable, in advance, in equal monthly installments of $8,159.67, commencing on the date Tenant takes occupancy, or October 15, 2013, whichever occurs first, and continuing on the first day of each calendar month thereafter during the Initial Term. Rent for periods of less than one full month will be pro-rated on a daily basis. The parties agree that when the occupancy date is agreed upon, they will execute a document certifying said date of occupancy.
Gross Rent. The Lessee shall pay annual Gross Rent to the average amount of Thirty-Four Dollars ($34.00) per square foot of leaseable retail area of the Leased Premises. The Gross Rent shall be paid in equal monthly instalments, monthly in advance. According to the following schedule: Yrs 1-5 Square feet Rate Total Retail 384 $34.00 $13,056.00 Promotion 0.06 $783.36 Total Annual $13,839.36 Monthly $1,153.28 +HST There shall be no Additional Rent payable under this Agreement, save and except monies to be paid under Article VI of this Lease.
Gross Rent. The "Gross Rent" shall consist of (a) Base Rent and (b) additional charges ("Additional Charges '9 consisting of all other sums of money that shall become due from and payable by Tenant to Landlord hereunder.
Gross Rent. (1) Each Tenant will pay to the Landlord its proportion, calculated pursuant to the Joint Venture Agreement (such proportion of amounts owing herein referred to as the “Proportion”), without demand, of the total, gross, all-inclusive rent ("Gross Rent") of thirty seven thousand dollars ($37,000) per annum, payable in equal Quarterly installments in advance of nine thousand two hundred and fifty dollars ($9,250).
Gross Rent. Subtenant covenants to pay to Tenant in Canadian dollars, in advance on the first day of each and every calendar month during the Term hereof, without previous demand therefore and without any delay, defense, set-off, abatement or deduction, suspension or counterclaim whatsoever, a rent of One Hundred and Seventy Dollars ($170.00) per square foot of the Subleased Premises and a rent of One Hundred Dollars ($100.00) per square foot of the Storage Premises, per annum plus all applicable taxes (the “Gross Rent”). Subtenant will deliver to Tenant every (3) three months, a series of three (3) monthly post-dated cheques for the rental year for the total monthly payments of Gross Rent for such months during the Term. Rent for partial calendar months at the beginning or the expiration of the Term of this Agreement shall be prorated.
Gross Rent. Any commission due to Outside Broker shall be based upon Gross Rent. “Gross Rent” shall mean base rental plus the operating expenses (operating expenses shall be based on Landlord’s current estimate of operating expense for calendar year 2014, which is $12.23 per rentable square foot of space within the Premises per year multiplied by number of years (prorated for any partial year) within the term of the Lease). Without limitation to the generality of the foregoing, the following shall be excluded from Gross. Rent for the purpose of commission calculation hereunder: (a) Escalations in Base Rent to the extent due to consumer price index adjustments or percentage Gross Rent, or due to the amortization of excess tenant finish allowances amortized therein; (b) Additional rent paid by Tenant Prospect for special tenant services over and above building standard services; (c) Amortization of special leasehold improvements paid for by Landlord and specifically reimbursed by Tenant Prospect by way of additional rental; (d) Amounts paid by Landlord but reimbursable by Tenant through rent or otherwise; (e) Gross Rent or other payments for parking, storage, roof top rights, or other amenities (whether paid separately or included in the rental); (f) Late payment charges or interest; (g) Rental payable upon continuation of tenancy subsequent to lease expiration or termination due to holdover; (h) Taxes imposed by any governmental authority on the rent(s) collected by Landlord; (i) Security deposits paid by Tenant Prospect pursuant to the terms of the Lease; or 0) any abated rent, free rent periods or amounts reduced.
Gross Rent a. With the exception detailed in subparagraph (b) of this Section 4, Sublessee agrees to pay Sublessor during the Term, Gross Rent in the amount of $3,239.83 per month, payable on the first day of each month throughout the Term. The Gross Rent includes an agreed upon adjustment to partially compensate Sublessee for the cost of three (3) parking spaces acquired by Sublessee that are in addition to the one (1) parking space provided by Sublessor pursuant to section 6 hereof.
