Examples of Rent Free Period in a sentence
Annual Rent The initial annual rent will be [ ] POUNDS £[ ] (exclusive of any VAT properly chargeable on it) payable in advance by equal instalments as set out in the Lease [subject to the Rent Free Period].
Rent- Free Period: No rent free period will be provided to the Tenant Additional Rent/ Operating Expenses: The lease shall be entirely Net to the Landlord.
Notwithstanding the foregoing, if there is an Event of Default by the Tenant under this Lease at any time during the Term, then the entire Basic Rent otherwise due and payable for the Basic Rent Free Period shall become immediately due and payable by the Tenant.
The Basic Rent Free Period shall apply only during the initial Term of this Lease and the Tenant acknowledges and agrees that it shall not be entitled to any rent free periods during any renewal of this Lease or extension of the Term.
For greater certainty, the Tenant shall pay all other amounts payable pursuant to this Lease during the Basic Rent Free Period, including without limitation all Additional Rent.