Annual Basic Rent and Additional Rent Sample Clauses
The 'Annual Basic Rent and Additional Rent' clause defines the tenant's obligation to pay a fixed base rent each year, along with any supplementary charges that may arise under the lease. In practice, the basic rent is typically a set amount due in regular installments, while additional rent can include costs such as property taxes, maintenance fees, or utilities that the landlord passes on to the tenant. This clause ensures that all financial responsibilities are clearly outlined, preventing disputes over payment and allocating the costs of property operation between landlord and tenant.
Annual Basic Rent and Additional Rent. Commencing on the Commencement Date, the Tenant will pay to the Landlord or as the Landlord may in writing direct, in lawful money of Canada without any abatement, set-off, compensation or deduction whatsoever, the aggregate of:
(a) Annual Basic Rent for each Lease Year, payable in advance in equal consecutive monthly instalments on the first day of each month in each year of the Term;
(b) the Licensing Fee, payable in accordance with Schedule B, Section 3;
(c) Operating Costs and Taxes, payable in accordance with Section 3.2; and
(d) the cost of all utilities consumed on the Premises, in accordance with Section 3.4. Rent will be payable at the Landlord’s address specified in Section 1.1(a)(ii) or at such other place as the Landlord may from time to time direct in writing. The Landlord may, at its option, apply all sums received from or due to the Tenant against any amounts due and payable under this Lease in such manner as the Landlord sees fit.
Annual Basic Rent and Additional Rent. Yielding and paying therefor during the term the following rent payable at the landlord’s address specified on page 1 or at such other place as the landlord may from time to time designate in writing;
(a) Annual Basic Rent payable in advance in equal consecutive monthly installments on the first day of each and every month in each and every year of the term commencing on the commencement date and continuing until and including the first day of the month immediately preceding the expiry date; and: Late payment fee of $250 per payment will be charge on late payment
(b) Additional Rent payable in accordance with the previsions of this lease
(c) Triple Net Rent Cost will be payable in accordance with clause 3.1(a) of this lease
Annual Basic Rent and Additional Rent. Yielding and paying therefor during the Term the following Rent payable to the Landlord in care of ▇▇▇▇▇▇▇ Resourses Inc. at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇.▇. or at such other place as the Landlord may from time to time designate in writing, in the following instalments:
(a) rent of Twenty Seven Thousand Nine Hundred and Ninety One dollars ($27,991.12) per annum (herein called the "Annual Basic Rent") payable in advance in equal consecutive monthly instalments of two thousand three hundred and thirty two Dollars ($2332.60) each on the first day of each and every month in each and every year of the Term commencing on the first day of September, 1999 and continuing until and including the first day of the month immediately preceding the Expiry Date; and
(b) the Additional Rent payable in accordance with the provisions of this Lease.
Annual Basic Rent and Additional Rent. The Tenant shall pay to the Landlord during the Term the following Rent payable at the Landlord's address specified in the Lease Summary or at such other place as the Landlord may from time to time designate in writing, in the following installments:
(a) the Annual Basic Rent (plus applicable GST) payable in advance in consecutive monthly instalments on the first day of each and every month in each and every year of the Term, commencing on the Commencement Date and continuing until and including the first day of the month in which the Expiry Date falls; and
(b) the Additional Rent payable in advance in consecutive monthly instalments on the first day of each and every month in each and every year of the Term, commencing on the Commencement Date and continuing until and including the first day of the month in which the Expiry Date falls, unless indicated otherwise in this Lease. The Landlord confirms that the estimated Additional Rent payable by the Tenant is approximately $1.20 per square foot of the rentable area of the Premises per annum. The Landlord acknowledges receipt of the Prepaid Rent, which shall be applied by the Landlord to the Annual Basic Rent (plus applicable GST) due and payable for the first month of the Term.
Annual Basic Rent and Additional Rent. Subject to the provision below, the Tenant will pay to the Landlord or as the Landlord may in writing direct, in lawful money of Canada, the aggregate of:
(a) Beginning on the Commencement Date, Annual Basic Rent for each Lease Year, payable in advance in equal consecutive monthly instalments of $10,800.00 plus GST on the first day of each month in each year of the Term; and
(b) Beginning on the Occupancy Date, the Tenant’s proportionate shares of the Operating Costs and Property Taxes, payable in accordance with Section 3.2. Rent will be payable at the Landlord’s address specified in Paragraph 1.1(a)(ii) or at such other place as the Landlord may from time to time direct in writing.
Annual Basic Rent and Additional Rent. The Tenant will pay to the Landlord during the Term the following Rent payable at the Landlord’s address specified in the Lease Summary or at such other place as the Landlord may from time to time designate in writing, in the following instalments:
(a) the Annual Basic Rent (plus applicable GST) payable in advance in consecutive monthly instalments on the first day of each and every month in each and every year of the Term, commencing on the Commencement Date and continuing until and including the first day of the month in which the Expiry Date falls; and
(b) the Additional Rent payable in advance in consecutive monthly instalments on the first day of each and every month in each and every year of the Term, commencing on the Commencement Date and continuing until and including the first day of the month in which the Expiry Date falls, unless indicated otherwise in this Lease.