1Rent Sample Clauses
The 'Rent' clause defines the tenant's obligation to pay a specified amount to the landlord for use of the leased property. It typically outlines the amount of rent due, the frequency and method of payment, and any adjustments or escalations that may occur during the lease term. For example, it may specify that rent is due monthly on the first day of each month and detail acceptable payment methods. This clause ensures both parties are clear on the financial terms of the lease, reducing the risk of disputes over payment expectations.
1Rent. To pay to the Landlord the Rent without any deduction or set off [if an option fee has been paid: save for a deduction of the Option Fee] (except where lawfully provided by statute).
1Rent. TENANT agrees to pay LANDLORD rent for the Premises, without any offset or reduction whatever (except as made in accordance with the express provisions of this Lease), equal to the Total Scheduled Base Rent, in monthly installments as shown in Section 1.1 payable in advance with the first month’s rent due upon Tenant’s execution of this Lease and then payable on the twenty-fifth day of each calendar month included in the Term; and for any portion of a calendar month at the beginning or end of the Term, at the prorated monthly rate in advance.
1Rent. Section 4.1 of the Original Amended Lease is hereby deleted in its entirety and replaced with the following:
4. 1Rent.For calendar year 2024, Tenant shall pay Landlord rent in the amount of Two Million US Dollars (US $2,000,000.00) per year in equal monthly installments of One Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 67/100 US Dollars (US $166,666.67), payable in advance, in the manner prescribed in Section 4.4. Beginning on January 1, 2025, Tenant shall pay Landlord rent in the amount of Two Million Ten Thousand Eight Hundred Fifty-Seven US Dollars (US $2,010,857) per year, through December 31, 2025, in equal monthly installments of One Hundred Sixty-Seven Thousand Five Hundred Seventy-One and 42-100 US dollars (US $167,571.42), payable in advance, in the manner prescribed in Section 4.4. Thereafter, commencing on January l, 2026, the rent shall increase by 2% annually for the remainder of the Initial Term and provided as follows: 2026: $2,051,074.14 per year in equal monthly installments of One Hundred Seventy Thousand Nine Hundred Twenty-Two and 85-100 US dollars (US $170,922.85); 2027: $2,092,095.62 per year in equal monthly installments of One Hundred Seventy-Four Thousand Three Hundred Forty-One Dollars and 30-100 (US $174,341.30); 2028: $2,133,937.54 per year in equal monthly installments of One Hundred Seventy Seven Thousand Eight Hundred Twenty-Eight Dollars and 13-100 (US $177,828.13); 2029: $2,176,616.29 per year in equal monthly installments of One Hundred Eighty-One Thousand Three Hundred Eighty-Four and 69-100 (US $181,384.69); 2030: $2,220,148.61 per year in equal monthly installments of One Hundred Eighty-Five Thousand Twelve and 38-100 (US $185,012.38); 2031: $2,264,551.58 per year in equal monthly installments of One Hundred Eighty-Eight Thousand Seven Hundred and Twelve dollars and 63-100 (US $188,712.63); 2032: $2,309,842.62 per year in equal monthly installments of One Hundred Ninety-Two Thousand Four Hundred Eighty-Six and 88-100 (US $192,486.88); 2033: $2,356,039.47 per year in equal monthly installments of One Hundred Ninety-Six Thousand Three Hundred Thirty-Six and 62-100 (US $196,336.62); 2034: $2,403,160.26 per year in equal monthly installments of Two Hundred Thousand Two Hundred Sixty-Three and 35-100 (US $200,263.35).
1Rent. Tenant shall pay to Landlord, at Landlord’s Address for Payment of Rent designated in the Basic Lease Information, or at such other address as Landlord may from time to time designate in writing to Tenant for the payment of Rent, the Base Rent, in advance, on the first day of each calendar month. It is intended that this Lease be a “triple net lease.” Except as expressly provided to the contrary in this Lease, Landlord shall not be required to make any expenditure, incur any obligation 1 or incur any liability of any kind whatsoever in connection with this Lease or the ownership, construction, maintenance, operation or repair of the Premises or the Project. If the Term commences (or ends) on a date other than the first (or last) day of a month, Base Rent shall be prorated on the basis of a thirty (30) day month. All sums other than Base Rent which Tenant is obligated to pay under this Lease shall be deemed to be additional rent due hereunder (“Additional Rent”), whether or not such sums are designated Additional Rent and, together with the Base Rent, shall be due and payable to Landlord commencing on the Possession Date. The term “Rent” means the Base Rent and all Additional Rent payable hereunder.
1Rent. Lessee shall pay the following sums as Rent: