Examples of Current Rent in a sentence
Example: Fair Market Rent Value $2,000/month – Current Rent $1,500/month =$500 Rent Increase.
The New Rent shall never be an amount less than the Current Rent.
Year Built:_ Garage: Yes [ ] If yes: Attached [ ] Detached [ ] How many cars:_ _ number of parking places:_ Fireplace: Yes [ ] Pool: Yes [ ] Spa: Yes [ ] Patio: Yes [ ] Decks: Yes [ ] Landscaped: Yes [ ] IS THIS PROPERTY CURRENTLY RENTED: Yes [ ] No [ ] Requested or Current Rent: _ per month.
If the Indexes remain the same, there will be no increase from the Current Rent to the New Rent.
During the second year and every year thereafter this Lease Agreement is in full force and effect, rent for the current 12-month period (Current Rent) shall be adjusted based on changes in Consumer Price Index for All Urban Consumers for the Los Angeles-Riverside-Orange County region, as published by the United States Department of Labor, Bureau of Labor Statistics (Index), to determine the amount of rent for the upcoming twelve (12) months (New Rent).