ANNUAL RENT ADJUSTMENT. To partially compensate for the effect of inflation, a portion of the rental rate (viz. $ 7.50 per square foot per year) shall be adjusted annually to reflect reductions, if any, in the purchasing power of the dollar. Three separate generic elements of cost (namely: labor, materials and energy) shall be deemed to be representative of all operational costs. Indices for measuring changes in the dollar value for each of these cost elements shall be: janitorial hourly labor rate, Consumer Price Index, and the average cost per kilowatt-hour of electricity (including without limitation all demand charges), respectively. Changes in each of these shall adjust rent as provided below: Generic Element's Cost Element of Cost Index Share --------------- ----- ----- 1. Labor Janitorial rate $3.00 2. Material C.P.I. $3.00 3. Energy Average k Wh cost $1.50 The base index for each of these indices shall be established from data for the month of September of the year preceding the year in which this Lease commences. Indices for each succeeding year shall be calculated annually using September experience data, and the ratio that these annual indices bear to their respective base index shall be reduced by 1.00 then multiplied by the individual element's cost share as specified in Items 1, 2 and 3 above, and by the area of Premises as set forth in Article l(b). Each January 1, following the calendar year in which the Lease becomes effective, the Monthly Rent in Article 1(d) shall be increased by one- twelfth (1/12) of the sum of the amounts so determined. No changes in the rent as specified above shall take place during the calendar year in which the Lease Term commences. The janitorial hourly labor rate shall be that as established by the Building Services Employees International Union Local No. 6 for journeymen including all applicable taxes and fringe benefits payable by employers. The labor rate to be used as a base index for this Lease shall be $12.81. The Consumer Price Index to be used shall be the Revised Consumer Price Index for Urban Wage Earners and Clerical Workers, U.S. City Average, All-Items Series (1982-1984 = 100), as published by
ANNUAL RENT ADJUSTMENT. The rent will be adjusted annually in the manner stipulated by law. The rent will be adjusted annually in the manner determined by law (Articles 7:252 and 253 of the Dutch Civil Code). This means that the rent can be changed at the Landlord's proposal by a percentage that is at most equal to the legally permitted percentage or amount on the effective date of such change for accommodation with a non-liberalized rent and that the tenant has the right to object to the proposal.
ANNUAL RENT ADJUSTMENT. In the event of a foreclosure of a mortgage secured by this Lease (whether by judicial proceedings or by virtue of any power of sale contained in the mortgage), or any conveyance of this Lease to the mortgagee or its designee by an assignment or by a deed in lieu of foreclosure or other similar instrument, if any of the dwelling units in the Project on the Premises are not used as affordable units as described in Section 14 above, the Annual Rent shall be increased in the following manner:
ANNUAL RENT ADJUSTMENT. Free sector rental housing
ANNUAL RENT ADJUSTMENT. To partially compensate for the effect of inflation, a portion of the rental rate (viz. $7.50 per square foot per year) shall be adjusted to reflect reductions, if any, in the purchasing power of the dollar. Three separate generic elements of cost (namely: labor, materials and energy) shall be deemed to be representative of all operational costs. Indices for measuring changes in the dollar value for each of these cost elements shall be: janitorial hourly labor rate, Consumer Price Index, and the average cost per kilowatt-hour of electricity (including without limitation all demand charges), respectively. Changes in each of these shall adjust rent as provided below: Generic Element's Cost Element of Cost Index Share --------------- ----- --------------
ANNUAL RENT ADJUSTMENT. 5.1 In the event of a decontrolled rent price as meant in Art. 7:247 of the Dutch Civil Code, the rent will be adjusted annually in the way as defined in Article 5.1 of the general provisions.
ANNUAL RENT ADJUSTMENT. The Base Rent shall be increased ---------------------- commencing on the first anniversary of the Lease Commencement Date, and on each anniversary of the Commencement Date of this Lease thereafter in an amount equal to 3% of the last preceding year's Base Rent.
ANNUAL RENT ADJUSTMENT. The minimum Base Monthly Rent set forth in Article 1.5 of this Lease shall be adjusted as follows: Beginning on November 1, 2010 through October 31, 2011 the minimum Base Monthly Rent shall be $2,861.96*. Beginning on November 1, 2011 through March 20, 2012 the minimum Base Monthly Rent shall be $2,947.82*.
ANNUAL RENT ADJUSTMENT. Authority will review and approve the Affordable Rents proposed by Developer for the Housing Units together with the monthly allowances proposed by Developer for utilities and services to be paid by the tenant. Developer must annually reexamine the income of each tenant household living in the Housing Units in accordance with Sections 1203 and 1214 herein. The maximum monthly rent must be recalculated by Developer and reviewed and approved by Authority annually, and may change as changes in the applicable gross Rent amounts, the income adjustments, or the monthly allowance for utilities and services warrant. Any increase in Rents for the Housing Units is subject to the provisions of outstanding leases. Developer must provide all tenants not less than thirty (30) days prior written notice before implementing any increase in Rents.
ANNUAL RENT ADJUSTMENT. On the yearly anniversary of the commencement of this Lease, and for each successive year of the lease term thereafter, the annual rent shall increase by 2% or an annual amount equal to the CPI (Consumer Price Index) as calculated for the previous calendar year, whichever is greater.
