ADJUSTED RENTAL Sample Clauses
The Adjusted Rental clause defines how the amount of rent payable under a lease may be modified during the term of the agreement. Typically, this clause outlines specific circumstances or triggers—such as changes in operating costs, property taxes, or market rent reviews—that can lead to an increase or decrease in the rental amount. For example, the rent might be adjusted annually based on a consumer price index or after a periodic market assessment. The core function of this clause is to ensure that the rental payments remain fair and reflective of current economic conditions, thereby protecting both the landlord and tenant from significant financial imbalances over time.
ADJUSTED RENTAL. After delivery of LESSOR's notice as provided in Articles 2, 6, 8 and 17, and determination of the amount of LESSEE's pro rata share of taxes, insurance, maintenance and other expenses due upon notice, if any, the monthly installment of rent then being paid by LESSEE shall be increased by 1/12th of the amount of LESSEE's pro rata share of LESSOR's reasonable estimate of the next billing amount The adjusted monthly rental as determined by the preceding sentence shall be paid by LESSEE until receipt by LESSEE of LESSOR's notice the next succeeding calendar year, If the term of this lease ends on other than the last day of a calendar year, LESSEE's pro rata share shown on the notice delivered after the end of the term shall be reduced proportionately and any payment due shall also be apportioned and paid as aforesaid.
ADJUSTED RENTAL. The Minimum Rent shall be subject to adjustment every three years during the Term and any renewal Terms, to give effect to increases, if any, in the cost of living. The first such adjustment shall be made at the beginning of the fourth Lease Year, (a Lease Year being defined as each period of twelve (12) consecutive months during the term of this Lease beginning on the same day and month of each calendar year as the day and month of the Commencement Date). For this purpose, the rental for each of the following three Lease Years shall be computed by multiplying the Minimum Rent provided for in Section 3.01 by a fraction, the numerator of which shall be the Consumer Price Index for All Urban Consumers ("CPI-U") published by the United States Department of Labor, Bureau of Labor Statistics for the second month preceding the commencement of the then current Lease Year ("Comparison CPI-U") or the most recent month available and the denominator of which shall be the CPI-U for the month in which this Lease commences ("Base Index"). This same procedure shall be repeated every three Lease Years during the Term or any renewals. If the Comparison CPI-U exceeds the Base Index, then the new rental payable for each of the ensuing three Lease Years shall be the sum as computed above. If the Comparison CPI-U is less than or equal to the Base Index, then the rental payable for each of the ensuing three Lease Years will not be adjusted. In the event the CPI-U shall no longer be published or its contents changed so that it is no longer recognized as an accurate measure of the cost of living, then another Index, generally recognized as being authoritative, shall be substituted for purposes of the foregoing calculations. Landlord shall give notice in writing to Tenant at least thirty (30) days before the commencement date of each ensuing Lease Year of any adjustment in the rental to be made on account of this section for said ensuing Lease Year.
ADJUSTED RENTAL. As rental for the use of the leased premises for the thirtieth (30th) year, and for each subsequent year thereafter, Lessee shall pay to Lessor as annual rental a sum equal to the original rental due plus an increase of Four Hundred Thirty-Six Dollars and Sixty-Two Cents ($436.62) per year for each year following the twenty-ninth (29th) year of this Lease. Such rental payment shall be payable in advance in equal quarterly installments commencing three (3) months after the payment of the final annual rental payment for the twenty-ninth (29th) year, and quarterly thereafter.
ADJUSTED RENTAL. After the first full Lease year (first twelve (12) months) of the term of this Lease, Tenant shall pay to Landlord, as adjusted annual rental, the amount computed as hereinafter provided: The rental payable for each lease year subsequent to the first full lease year shall be the above basic annual rental adjusted (upward only) to The Revised Consumer Price Index for Urban Wage Earners and Clerical Workers (revised CPI-W) as determined and published by the United States Department of Labor based on all items for the period 1982-1984 equals One Hundred (1982-1984 = 100), or its successor or most nearly comparable successor at the commencement of each new lease year by adding to said basic annual rental thirty percent 30% of any increase resulting from multiplying the basic annual rental by a fraction, the denominator of which shall be such Index published three (3) months preceding the month of the execution of this lease, and numerator of which fraction shall be such Index published three (3) months preceding the month of the commencement of the new lease year. The basic annual rental adjusted as aforesaid shall be the rental for the ensuing lease year; provided, however, that in no event shall the adjusted annual rental be less than the annual rental for the preceding lease year. If no such index shall exist, Landlord, at its option, may select any other published index which reasonably reflects the cost of living or inflation, or both. The annual rental, adjusted as aforesaid, shall be due and payable in equal monthly installments in advance on the first day of each month throughout the lease year, except, however, when retroactive payments are made necessary by delay in the publication of the appropriate Index.