Annual Rent Increase. Base Rent shall increase each Lease Year, effective on the Anniversary Date of the Commencement Date, by an amount equal to the Annual Rental Increase, as set forth in Section 1.1.
Annual Rent Increase. On the first anniversary of the Commencement Date, and each anniversary thereafter, the Base Rent shall be increased by the current County Adjustment Factor. This will determine the new “Base Rent” for the new year. The County "Adjustment Factor" shall be a percentage calculated as follows: Beginning January 1, 2023, and every three (3) year period thereafter, the annual rent increase shall be determined by calculating the average annual California Consumer Price Index for all areas and all consumers as reported by the State of California, Department of Industrial Relations ("CPI"), for the preceding three (3) years, with the resulting adjusted CPI applied for that year and the two (2) years that follow. However, the Adjustment Factor shall not be less than one percent (1%) nor more than six percent (6%). The rental amount rate schedule for this Lease through December 31 of the year preceding the next Adjustment Factor calculation date is set forth in Exhibit “C” attached hereto and incorporated herein.
Annual Rent Increase. For other than month-to-month rentals, the rent shall increase annually on July 1 of each year, but not decrease, based on the previous calendar year’s Consumer Price Index (“CPI”). The CPI will be calculated on the difference between January of the prior year and January of the current year. The adjustment will be the increase in the CPI using the All Urban Consumers (CPI-U), U.S. City Average, CPI--All Items Index as published by the Bureau of Labor Statistics of the United States Department of Labor. If the CPI is no longer being published, then the Index shall be the figure reported in the U.S. Department of Labor's most recent comprehensive official index then in use and most nearly answering the description of the CPI. All sums resulting from the computation of annual lease fees shall be rounded up to the nearest whole dollar.
Annual Rent Increase. The Lease is amended to provide that, commencing on October 1, 2024, Rent shall increase by three percent (3%) over the Rent paid during the previous year and on an annual basis thereafter.
Annual Rent Increase. The annual increase will be set at 2.5%, starting May 1st 2021. Therefore, the following annual Rent will apply starting at the 1st of May of each consecutive year: 2021-$5,000/month per acre 2022-$5,125/month per acre 2023-$5,253.12/month per acre 2024-$5,384.44/month per acre 2025-$5,519.05/month per acre 2026-$5,657.02/month per acre 2027-$5,798.44/month per acre
Annual Rent Increase. 3% Months 13-24: Base Rent is $9,298.33 Months 25-36: Base Rent is $9,577.27
Annual Rent Increase. Tenant shall pay to Landlord a rental increase of three percent (3%) of the original monthly rental stated in Section 3, starting on January 1 of each calendar year beginning after the date of this Lease, as more particularly detailed in Special Stipulation #2.
Annual Rent Increase. On the first anniversary of the Commencement Date, and each anniversary thereafter, the Base Rent shall be increased by the current County Adjustment Factor. This will determine the new “Base Rent” for the new year.
Annual Rent Increase. Tenant shall pay an annual Minimum Rent in an amount increased over the amount charged during the immediately preceding Lease Year pursuant to the Second Addendum, commencing with the Second Lease Year and continuing on each annual anniversary thereafter throughout the Term and any extension or renewals thereof, payable in equal monthly installments (of one-twelfth of the annual amount of Minimum Rent so computed), payable without notice, demand, deduction, or set-off whatsoever.
Annual Rent Increase. For each Lease Year during the Term after the first Lease Year, the annual Base Rent shall be that amount which is the sum equaling the product obtained by multiplying the Base Rent for the immediately preceding Lease Year by 103%. A schedule of the Base Rent increases is found at clause (g) of the Fundamental Lease Provisions. With respect to the Premises Portion #3, the first annual Base Rent increase shall be effective on October 6, 2000, i.e. the first anniversary of the Commencement Date with respect to the Premises Portion #1 and the Premises Portion #2; to the end that the Base Rent rate shall be the same with respect to the entire Premises at all times during the Term of the Lease.
