Rent and Security. 3 ARTICLE 5. ADDITIONAL RENT FOR ESCALATIONS IN REAL ESTATE TAXES.......................................... 5 ARTICLE 6.
Rent and Security. 3.1 In consideration of the Lessor agreeing to lease out to the Lessee the Premises, the Lessee shall pay the Lessor rent @ Rs. 38/- per sq. ft. per month) on the super area i.e. Rs. 7,31,614/- (Rupees Seven Lacs Thirty One Thousand Six Hundred and Fourteen Only) per month for the initial period of three years in respect of the Premises. It is clarified that the above rental shall include the cost of doing false ceiling, false ceiling lighting, a/c ducting , fire sprinkler and cement screeding, subject to a maximum expense cap of Rs.225/- per sq. ft. on the super area, which shall be provided by the Lessor in the Premises.
Rent and Security. 3.1 In consideration of the Lessor agreeing to lease out to the Lessee the Premises, the Lessee shall pay the Lessor the rent @ Rs. 47/-per sq. ft (Rupees Forty Seven only per square feet per month for the initial period of Two years in respect of the Premises from the date of commencement of this Agreement. Thereafter the rent shall increase by 18% (Eighteen percent) over the last rent paid after expiry of every two year lease period, for two more terms of two years each. The Lessor shall bear the cost on renovation of interior work already done in the premises and the acquisition of additional office furniture a communication equipment, telephones and the like. However the cost shall be limited to maximum of Rs.5,00,000.00 (Rupees Five Lakhs only). This cost shall be reimbursed to the lessee who undertakes the work of renovation as per its requirement. If Lessor fails reimburse Lessee within 30 days of its submission of a request, Lessee may deduct such sum from the next rent coming due.
Rent and Security. 3.1 In consideration of the Lessor agreeing to lease out to the Lessee the Premises, the Lessee shall pay the Lessor the rent @ Rs. 34/- per sq. ft. per month for Lease Period in respect of the Premises from 01.01.2003 which is 3 months after the execution of this Agreement.
Rent and Security. Section 2.01 Amount of Minimum Rent............................... 3 Section 2.02
Rent and Security. 3.1 Base Rent. *
Rent and Security. A. Tenant agrees to and shall pay to Landlord, as rent for the Premises, rent in equal monthly installments at the rate of $31,250.00 per month, plus applicable sales tax, in advance on the first day of each month commencing on the 1st day of August 1998 and monthly thereafter. Upon the commencement of each five (5) year renewal period hereunder, the square foot rent rate shall be adjusted by increasing (and never decreasing) the square foot rent rate of the last completed lease term by an amount equal to the percentage increase in the CPI between the first and last month of the last completed lease term. For purposes of this lease, CPI is defined as the Consumer Price Index for All Urban Consumers, AU Items (Base year 1982-84 =100) published by the United States Department of Labor, Bureau of Labor Statistics. If the Bureau of Labor Statistics substantially revises the manner in which the CPI is determined, if practicable an adjustment shall be made in the revised index which would produce results equivalent, as nearly as possible to those which would produce results equivalent to those that would be produced if the CPI were not so revised. If an adjustment required by the preceding sentence is not practicable, or if the CPI become unavailable to the public because publication is discontinued, or otherwise, Landlord shall substitute therefor a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar published by a governmental agency, major bank, other financial institution, university or recognized financial publisher.
Rent and Security. 3.1 The first two sentences at Section 3A of the Lease are hereby amended to read as follows: "Tenant agrees to and shall pay to Landlord, as rent for the Premises, rent in equal monthly installments at the rate of $31,250.00 per month, as adjusted pursuant to the provisions of this Section 3A and Section 3D, plus applicable sales tax, in advance on the first day of each month commencing on the 1st day of August 1998 and monthly thereafter. Upon the commencement of each lease year on the anniversary date of this Amendment, the rent shall be adjusted by increasing (and never decreasing) the rent of the last completed lease year by an amount equal to the percentage increase in the CPI between the first and last month of the last completed lease year."
Rent and Security. FOR THE LEASE 3
Rent and Security. Section 2.01 Rent and Rent Adjustment 3 Section 2.02 Additional Rent 4 Section 2.03 Personal Property Tax 9 Section 2.04 Security Deposit 9 Section 2.05 Sales Tax 9
