Additional Landlord Payments Sample Clauses
The 'Additional Landlord Payments' clause defines the landlord's right to receive payments from the tenant beyond the standard rent. These payments may include reimbursements for property taxes, insurance premiums, maintenance costs, or utilities that the landlord covers on behalf of the tenant. For example, if the landlord pays for building repairs or common area expenses, the tenant may be required to reimburse these costs. This clause ensures that the landlord is not financially disadvantaged by expenses incurred in managing or maintaining the property, thereby allocating certain operational costs to the tenant.
Additional Landlord Payments. If Landlord makes a Landlord Payment other than the initial Acquisition Payment, the Base Rent will be increased effective on the Payment Date based upon the applicable rate of return to Landlord as set forth in the Term Sheet. Until Tenant receives a revised Rent Schedule from Landlord, Tenant shall for each month [i] continue to make installments of Base Rent according to the Rent Schedule in effect on the day before the Payment Date; and [ii] within 10 days following Landlord’s issuance of an invoice, pay the difference between the installment of Base Rent that Tenant paid to Landlord for such month and the installment of Base Rent actually due to Landlord for such month as a result of the Landlord Payment. On the first day of the month following receipt of the revised Rent Schedule, Tenant shall pay the monthly installment of Base Rent specified in the revised Rent Schedule.