Rent Per Square Foot definition

Rent Per Square Foot means the sum of the then Fixed Rent, Escalation Rent and Electricity Additional Rent divided by the Space Factor.

Rent Per Square Foot shall have the meaning set forth in Section 12.7 hereof.

Rent Per Square Foot. The Basic Rent shall be Twenty Two and no/00 Dollars ($22.00) per square foot of the Leased Premises during the First Lease Year. For each Lease Year thereafter during the Term, the Rent per Square Foot of the Leased Premises shall be increased by three percent (3%) as provided for in this Lease.

Examples of Rent Per Square Foot in a sentence

• Annualized Cash Rent Per Square Foot is cash rental revenue (base rent plus cost recovery income, excluding straight-line rent) for the month of December of the respective year multiplied by 12, divided by total occupied rentable square footage.

• Pennsylvania Real Estate Investment TrustSummarized Sales and Rent Per Square Foot and Occupancy Percentages (1) Average gross rent for malls includes all non-anchor space owned by the Company and leased to tenants that occupy individual spaces of less than 10,000 square feet.

• Subject Property 700 s.f. Rent #1800 s.f. Rent #2750 s.f. Rent #3650 s.f.Rent Per Month (Adjusted) $1,000$990$944Rent Per Room Rent Per Square Foot Answer: Subject Property 700 s.f. Rent #1800 s.f. Rent #2750 s.f. Rent #3650 s.f.Rent Per Month (Adjusted) $1,000$ 990$ 944Rent Per Room $ 286$ 283$ 270Rent Per Square Foot $ 1.25$1.32$1.45 The most accurate unit of comparison is rent per square foot.

• Non‐Core) 7.5% 5.1%Average In‐Place Rent Per Square Foot $30.29 $30.17 Residential Portfolio Operating Residential Units 6,082 5,826 % Leased Residential (Excl.

• Average Rent Per Square Foot The average rental rate per square foot is another important indicator of the ability of the REIT to generate cash flows from its properties.

More Definitions of Rent Per Square Foot

Rent Per Square Foot means the sum of the then Base Rent and Escalation Rent divided by the Premises Rentable Square Feet.

Rent Per Square Foot means the sum of the then annual Basic Rent and any additional rent divided by the Space Factor.

Rent Per Square Foot means the sum of the then Fixed Rent, Escalation Rent, and, if applicable, Electricity Additional Rent divided by the Space Factor.

Rent Per Square Foot means the sum of the Fixed Rent and Recurring Additional Rent then payable hereunder divided by the total RSF of the Demised Premises;

Rent Per Square Foot. Interior: $28.50 for Years 1-5 $31.35 for Years 6-10 $34.49 for Years 11-15 $37.94 for Years 16-20 Exterior: $1.00 per annum for the entire term of the Lease. Rent Per Annum: Interior: $ 944,034.00 for Years 1-5 $1,038,437.40 for Years 6-10 $1,142,446.76 for Years 11-15 $1,256,724.56 for Years 16-20 Exterior: $1.00 per annum for the entire term of the Lease. Use Restrictions: The Premises can only be used for a Pre-Kindergarten program through Grade 8. No grades above 8th Grade or a Charter School will be permitted, without prior written consent of Landlord. Landlord’s Use: Classrooms on Saturdays and Sundays from 8 AM to 2 PM and the Auditorium approximately twelve (12) times per year on Friday evenings after 5:00 PM and all day on Saturdays and/or Sunday. During the first five (5) years of the Lease, Landlord shall be permitted to use the Auditorium during school hours approximately 6 times per year for a New York City Police Department event, with thirty (30) days’ prior notice to the Department. . All Landlord use will be pursuant to a Use Permit to be filed with the Department each September. Electric By: Department. Heat and Hot Water by: Department. Boiler Replacement & Repairs: Landlord is responsible for repairs and replacement of the two (2) boilers. The Department shall be responsible for daily boiler operations and inspections for both boilers and repairs up to a maximum of nine hundred fifty dollars ($950.00) per boiler incurred in a given Lease year. Landlord shall be responsible for the costs of boiler repairs after the first nine hundred fifty dollars ($950.00) for each boiler. Exterior, Structural, including Windows, Frames & Window Mechanisms, Roof Repairs and Pavement by: Landlord. Interior Repairs by: Department. Tenant’s Alterations and Improvements by: The Authority, based on scope of work developed by the Authority. The current estimated cost is approximately seven million dollars ($7,000,000.00). Landlord’s Alterations and Improvements by: Landlord, as per scope of work developed by the Authority. Real Estate Taxes & Assessments by: The Premises are currently tax-exempt. In the event that the Premises become taxable due to the Lease, the Department will be responsible for all Real Estate taxes and assessments. Cold Water and Sewer Charges by: Department.

Rent Per Square Foot means the total Annual Base Rent (as adjusted pursuant to Article 6 of this Lease) for the Premises divided by the Usable Square Feet in the Premises.

Rent Per Square Foot. Eleven Dollars ($11.00) per square foot of Rentable Area during the first Lease Year. For each Lease Year (or part of a Lease Year) thereafter during the Term, the Rent per Square Foot shall be an amount equal to 102.15% of the Rent per Square Foot for the immediately preceding Lease Year.