{"component": "clause", "props": {"groups": [{"size": 255, "snippet": "Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.", "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "other-rent", "type": "definition", "offset": [31, 41]}, {"key": "from-time-to-time", "type": "clause", "offset": [82, 99]}, {"key": "to-lessor", "type": "definition", "offset": [101, 110]}, {"key": "lawful-money-of-the-united-states", "type": "definition", "offset": [114, 147]}, {"key": "the-day", "type": "definition", "offset": [191, 198]}, {"key": "terms-of", "type": "definition", "offset": [228, 236]}, {"key": "charges-for", "type": "clause", "offset": [282, 293]}, {"key": "during-the-term", "type": "clause", "offset": [305, 320]}, {"key": "full-month", "type": "definition", "offset": [355, 365]}, {"key": "actual-number-of-days", "type": "clause", "offset": [399, 420]}, {"key": "base-rent-and-other-charges", "type": "clause", "offset": [455, 482]}, {"key": "other-persons", "type": "clause", "offset": [547, 560]}, {"key": "in-writing", "type": "definition", "offset": [630, 640]}, {"key": "to-lessee", "type": "definition", "offset": [641, 650]}], "samples": [{"hash": "8rjbSjSclnd", "uri": "/contracts/8rjbSjSclnd#base-rent", "label": "Annual Report", "score": 23.635181427, "published": true}, {"hash": "1bHbcUFr1fL", "uri": "/contracts/1bHbcUFr1fL#base-rent", "label": "Form 10 K/A", "score": 23.635181427, "published": true}, {"hash": "azarI6vKe2K", "uri": "/contracts/azarI6vKe2K#base-rent", "label": "Lease Agreement (Parametric Sound Corp)", "score": 20.3716640472, "published": true}], "hash": "d7b3c9976bd7ca7ae257ecb50929b9fa", "id": 1}, {"size": 185, "snippet": "Tenant shall pay, without notice or demand, to Landlord or Landlord\u2019s agent at the management office for the Building, or at such other place as Landlord may from time to time designate in writing, in cash or other immediately available good funds, base rent (\u201cBase Rent\u201d) as set forth in Section 8 of the Summary, payable in equal monthly installments as set forth in Section 8 of the Summary in advance on or before the first day of each and every month starting on the Rent Commencement Date and continuing during the remainder of the Lease Term, without any setoff or deduction whatsoever. The Base Rent and Additional Rent for the first full month and partial month of the Lease Term in which Base Rent is payable hereunder shall be paid at the time of Tenant\u2019s execution of this Lease. If any rental payment date (including the Rent Commencement Date) falls on a day of the month other than the first day of such month or if any rental payment is for a period which is shorter than one month, then the rental for any such fractional month shall be a proportionate amount of a full calendar month\u2019s rental based on the proportion that the number of days in such fractional month bears to the number of days in the calendar month during which such fractional month occurs. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis. Notwithstanding the preceding provisions of this Article 3 to the contrary, provided that Tenant is not in default under this Lease, the Base Rent due for the last full calendar month of the Lease Term (the \u201cRent Abatement Period\u201d) shall be fully abated (the \u201cAbated Rent\u201d). Tenant shall be required to pay Tenant\u2019s Share of Operating Expenses, Tax Expenses, and Utilities Costs due pursuant to the terms of this Lease during the Rent Abatement Period. Furthermore, if a material default beyond any notice and cure period by Tenant shall occur during the Rent Abatement Period, the Abated Rent shall be immediately due and payable.", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "notice-or-demand", "type": "clause", "offset": [26, 42]}, {"key": "landlord-or-landlord", "type": "definition", "offset": [47, 67]}, {"key": "management-office", "type": "definition", "offset": [83, 100]}, {"key": "for-the-building", "type": "clause", "offset": [101, 117]}, {"key": "as-landlord", "type": "definition", "offset": [142, 153]}, {"key": "from-time-to-time", "type": "clause", "offset": [158, 175]}, {"key": "in-writing", "type": "definition", "offset": [186, 196]}, {"key": "immediately-available", "type": "definition", "offset": [215, 236]}, {"key": "good-funds", "type": "definition", "offset": [237, 247]}, {"key": "section-8", "type": "definition", "offset": [289, 298]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [326, 352]}, {"key": "in-advance", "type": "clause", "offset": [394, 404]}, {"key": "day-of", "type": "clause", "offset": [428, 434]}, {"key": "rent-commencement-date", "type": "definition", "offset": [472, 494]}, {"key": "the-lease-term", "type": "definition", "offset": [534, 548]}, {"key": "base-rent-and-additional-rent", "type": "clause", "offset": [598, 627]}, {"key": "full-month", "type": "definition", "offset": [642, 652]}, {"key": "partial-month", "type": "definition", "offset": [657, 670]}, {"key": "at-the-time", "type": "definition", "offset": [743, 754]}, {"key": "of-tenant", "type": "clause", "offset": [755, 764]}, {"key": "rental-payment-date", "type": "definition", "offset": [799, 818]}, {"key": "a-day", "type": "definition", "offset": [867, 872]}, {"key": "one-month", "type": "clause", "offset": [988, 997]}, {"key": "the-rental", "type": "clause", "offset": [1004, 1014]}, {"key": "fractional-month", "type": "clause", "offset": [1028, 1044]}, {"key": "proportionate-amount", "type": "definition", "offset": [1056, 1076]}, {"key": "full-calendar-month", "type": "definition", "offset": [1082, 1101]}, {"key": "based-on", "type": "definition", "offset": [1111, 1119]}, {"key": "days-in", "type": "definition", "offset": [1154, 1161]}, {"key": "other-payments", "type": "definition", "offset": [1281, 1295]}, {"key": "terms-of", "type": "definition", "offset": [1341, 1349]}, {"key": "time-basis", "type": "clause", "offset": [1389, 1399]}, {"key": "on-the-same-basis", "type": "definition", "offset": [1418, 1435]}, {"key": "notwithstanding-the", "type": "definition", "offset": [1437, 1456]}, {"key": "article-3", "type": "definition", "offset": [1486, 1495]}, {"key": "provided-that", "type": "definition", "offset": [1513, 1526]}, {"key": "under-this-lease", "type": "clause", "offset": [1552, 1568]}, {"key": "rent-due", "type": "clause", "offset": [1579, 1587]}, {"key": "rent-abatement-period", "type": "clause", "offset": [1645, 1666]}, {"key": "abated-rent", "type": "clause", "offset": [1697, 1708]}, {"key": "to-pay", "type": "clause", "offset": [1737, 1743]}, {"key": "share-of-operating-expenses", "type": "clause", "offset": [1753, 1780]}, {"key": "tax-expenses", "type": "definition", "offset": [1782, 1794]}, {"key": "utilities-costs", "type": "clause", "offset": [1800, 1815]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1820, 1841]}, {"key": "material-default", "type": "clause", "offset": [1908, 1924]}, {"key": "notice-and-cure-period", "type": "definition", "offset": [1936, 1958]}, {"key": "by-tenant", "type": "definition", "offset": [1959, 1968]}, {"key": "due-and-payable", "type": "definition", "offset": [2052, 2067]}], "samples": [{"hash": "7LoCBlIydWn", "uri": "/contracts/7LoCBlIydWn#base-rent", "label": "Lease (Atlas Crest Investment Corp.)", "score": 32.6057510376, "published": true}], "hash": "daa15a875457e105280c6d93bbd1f83e", "id": 2}, {"size": 121, "snippet": "(i) Tenant shall pay to Landlord, during the Term, an annual rent amount (the \u201cBase Rent\u201d), exclusive of any other charge to be paid by Tenant, payable in equal, consecutive monthly installments, in advance, without any abatement, deductions, reduction or set-off whatsoever, on the first day of each calendar month throughout the Term and pro rata for any partial month during the Term. The Base Rent as of the Commencement Date shall be ($ ) (the \u201cInitial Base Rent\u201d).\n(ii) Following the Commencement Date, the Initial Base Rent shall be reset as of the earlier of (A) the first day of the month that immediately follows the month in which Stabilization (as defined below) of the Property occurs and (B) [Insert Fixed Date] (such earlier date, the \u201cInitial Rent Reset Date\u201d), as follows: The Initial Base Rent shall be reset to an amount equal to the sum of (1) the Initial Base Rent and (2) the aggregate sum of the CPI Rent Adjustment Amount (as hereinafter defined) for each lease year that would have been calculated during the period beginning on the Commencement Date and ending on the Initial Rent Reset Date (including pro rata for any partial lease year during such period) had the Base Rent been increased annually by an amount equal to the CPI Rent Adjustment Amount on each anniversary of the Commencement Date during such period, with, for the avoidance of doubt, each such CPI Rent Adjustment Amount compounded over the prior lease years. For the avoidance of doubt, the Initial Base Rent shall be fixed and without adjustment until it is reset on the Initial Rent Reset Date, in accordance with the terms of this Section 3(a)(ii).\n(iii) Beginning on the first (1st) anniversary of the Initial Rent Reset Date and on each anniversary thereafter during the Term of this Lease, the then-current Base Rent will increase by an amount equal to the CPI Rent Adjustment Amount.\n(iv) As used herein:", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [4, 16]}, {"key": "to-landlord", "type": "clause", "offset": [21, 32]}, {"key": "rent-amount", "type": "definition", "offset": [61, 72]}, {"key": "other-charge", "type": "definition", "offset": [109, 121]}, {"key": "by-tenant", "type": "definition", "offset": [133, 142]}, {"key": "monthly-installments", "type": "definition", "offset": [174, 194]}, {"key": "in-advance", "type": "clause", "offset": [196, 206]}, {"key": "day-of", "type": "clause", "offset": [289, 295]}, {"key": "calendar-month", "type": "clause", "offset": [301, 315]}, {"key": "pro-rata", "type": "definition", "offset": [340, 348]}, {"key": "partial-month", "type": "definition", "offset": [357, 370]}, {"key": "the-base-rent", "type": "clause", "offset": [388, 401]}, {"key": "as-of-the-commencement-date", "type": "clause", "offset": [402, 429]}, {"key": "initial-base-rent", "type": "definition", "offset": [450, 467]}, {"key": "following-the", "type": "definition", "offset": [476, 489]}, {"key": "the-property", "type": "clause", "offset": [678, 690]}, {"key": "fixed-date", "type": "clause", "offset": [714, 724]}, {"key": "initial-rent", "type": "definition", "offset": [751, 763]}, {"key": "reset-date", "type": "clause", "offset": [764, 774]}, {"key": "equal-to", "type": "definition", "offset": [840, 848]}, {"key": "sum-of", "type": "clause", "offset": [853, 859]}, {"key": "cpi-rent-adjustment-amount", "type": "definition", "offset": [919, 945]}, {"key": "beginning-on-the-commencement-date", "type": "clause", "offset": [1041, 1075]}, {"key": "partial-lease-year", "type": "clause", "offset": [1146, 1164]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1351, 1377]}, {"key": "lease-years", "type": "clause", "offset": [1442, 1453]}, {"key": "in-accordance-with", "type": "definition", "offset": [1593, 1611]}, {"key": "terms-of", "type": "definition", "offset": [1616, 1624]}, {"key": "during-the-term-of-this-lease", "type": "clause", "offset": [1761, 1790]}], "samples": [{"hash": "jcj1uYMQt0o", "uri": "/contracts/jcj1uYMQt0o#base-rent", "label": "Master Lease Agreement (Aimco OP L.P.)", "score": 31.8446273804, "published": true}, {"hash": "dKlgD2IkPle", "uri": "/contracts/dKlgD2IkPle#base-rent", "label": "Master Lease Agreement (Aimco OP L.P.)", "score": 31.8446273804, "published": true}, {"hash": "aiXLPCXGbuc", "uri": "/contracts/aiXLPCXGbuc#base-rent", "label": "Master Lease Agreement (Aimco OP L.P.)", "score": 31.8446273804, "published": true}], "hash": "840db03aa6db98ed262bf275ec47524e", "id": 3}, {"size": 74, "snippet": "Tenant shall pay to Landlord the Minimum Annual Rent in the Monthly Rental Installments, in advance, without deduction or offset, beginning on the Commencement Date and on or before the first day of each and every calendar month thereafter during the Lease Term. The Monthly Rental Installment for partial calendar months shall be prorated.", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "to-landlord", "type": "clause", "offset": [17, 28]}, {"key": "minimum-annual-rent", "type": "clause", "offset": [33, 52]}, {"key": "monthly-rental-installments", "type": "clause", "offset": [60, 87]}, {"key": "in-advance", "type": "clause", "offset": [89, 99]}, {"key": "beginning-on-the-commencement-date", "type": "clause", "offset": [130, 164]}, {"key": "day-of", "type": "clause", "offset": [192, 198]}, {"key": "during-the-lease-term", "type": "clause", "offset": [240, 261]}, {"key": "calendar-months", "type": "definition", "offset": [306, 321]}], "samples": [{"hash": "kzLNx1foLy4", "uri": "/contracts/kzLNx1foLy4#base-rent", "label": "Lease Agreement (Design Within Reach Inc)", "score": 21.0, "published": true}, {"hash": "iT3V48ZAxRd", "uri": "/contracts/iT3V48ZAxRd#base-rent", "label": "Lease Agreement (Eschelon Telecom Inc)", "score": 21.0, "published": true}, {"hash": "hOGo7KqDl5v", "uri": "/contracts/hOGo7KqDl5v#base-rent", "label": "Lease Agreement (Xenogen Corp)", "score": 21.0, "published": true}], "hash": "ab15afc8c76d1f3dddeab4e7e4f0e67c", "id": 6}, {"size": 68, "snippet": "(a) Tenant shall pay Base Rent in the manner set forth below. Base Rent shall be payable monthly, in arrears, without notice on the Rent Commencement Date, and continuing thereafter on the first LIBOR Business Day of each successive month, except that the last installment of Base Rent shall be payable on the last day of the Term (each such date shall be a \"Rent Payment Date\") and shall be an amount sufficient to pay all Base Rent accrued through the end of the Term. Tenant shall pay Base Rent as follows: The Senior Rent Component shall be paid to UBS, and the Equity Rent Component shall be paid to Landlord, at the Address for Rent set forth in the Basic Lease Provisions (or, if the UBS Loan has been replaced by a New Loan or Replacement Loan, then the Senior Rent Component shall be paid directly to the holder of such New Loan or Replacement Loan) or at such other place as Landlord and Tenant may from time to time mutually agree upon, in their respective sole and absolute discretion. Tenant shall pay Base Rent by wire transfer or by check. Landlord or UBS or such other holder of a New Loan, as the case may be, shall supply Tenant with such bank account information as Tenant shall require to enable payment by wire transfer. The parties agree that Tenant is paying the Senior Rent Component of Base Rent directly to UBS for the convenience of the parties in order to satisfy Landlord's obligations to pay interest under the UBS Loan for the period of time corresponding to the Term of this Lease; all Base Rent payments shall be deemed payments to Landlord to the extent of the Equity Rent Component and payments of the interest due to UBS under the UBS Loan to the extent of the Senior Rent Component.", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [4, 16]}, {"key": "in-arrears", "type": "definition", "offset": [98, 108]}, {"key": "without-notice", "type": "definition", "offset": [110, 124]}, {"key": "rent-commencement-date", "type": "definition", "offset": [132, 154]}, {"key": "day-of", "type": "clause", "offset": [210, 216]}, {"key": "last-installment", "type": "definition", "offset": [256, 272]}, {"key": "last-day", "type": "clause", "offset": [310, 318]}, {"key": "rent-payment-date", "type": "clause", "offset": [359, 376]}, {"key": "end-of-the-term", "type": "clause", "offset": [454, 469]}, {"key": "senior-rent", "type": "definition", "offset": [514, 525]}, {"key": "equity-rent", "type": "definition", "offset": [566, 577]}, {"key": "for-rent", "type": "clause", "offset": [630, 638]}, {"key": "basic-lease-provisions", "type": "definition", "offset": [656, 678]}, {"key": "ubs-loan", "type": "definition", "offset": [691, 699]}, {"key": "new-loan", "type": "definition", "offset": [723, 731]}, {"key": "replacement-loan", "type": "definition", "offset": [735, 751]}, {"key": "the-holder", "type": "clause", "offset": [810, 820]}, {"key": "tenant-may", "type": "definition", "offset": [898, 908]}, {"key": "from-time-to-time", "type": "clause", "offset": [909, 926]}, {"key": "mutually-agree", "type": "definition", "offset": [927, 941]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [968, 996]}, {"key": "by-check", "type": "clause", "offset": [1045, 1053]}, {"key": "other-holder", "type": "definition", "offset": [1079, 1091]}, {"key": "the-case", "type": "definition", "offset": [1110, 1118]}, {"key": "bank-account-information", "type": "clause", "offset": [1157, 1181]}, {"key": "as-tenant", "type": "definition", "offset": [1182, 1191]}, {"key": "payment-by-wire-transfer", "type": "clause", "offset": [1216, 1240]}, {"key": "the-parties-agree-that", "type": "clause", "offset": [1242, 1264]}, {"key": "convenience-of-the-parties", "type": "clause", "offset": [1345, 1371]}, {"key": "in-order-to", "type": "clause", "offset": [1372, 1383]}, {"key": "pay-interest", "type": "clause", "offset": [1418, 1430]}, {"key": "period-of-time", "type": "clause", "offset": [1458, 1472]}, {"key": "term-of-this-lease", "type": "definition", "offset": [1494, 1512]}, {"key": "payments-shall-be", "type": "clause", "offset": [1528, 1545]}, {"key": "payments-to-landlord", "type": "clause", "offset": [1553, 1573]}, {"key": "to-the-extent", "type": "clause", "offset": [1574, 1587]}, {"key": "interest-due", "type": "clause", "offset": [1637, 1649]}], "samples": [{"hash": "gnQlY6RqDhp", "uri": "/contracts/gnQlY6RqDhp#base-rent", "label": "Ground Lease (Cisco Systems Inc)", "score": 18.0, "published": true}, {"hash": "f5e1VQu3S3B", "uri": "/contracts/f5e1VQu3S3B#base-rent", "label": "Ground Lease (Cisco Systems Inc)", "score": 18.0, "published": true}, {"hash": "cD0nVzcN3o3", "uri": "/contracts/cD0nVzcN3o3#base-rent", "label": "Ground Lease (Cisco Systems Inc)", "score": 18.0, "published": true}], "hash": "a96413d244d00de69cd9f724b2c91222", "id": 7}, {"size": 102, "snippet": "The net monthly payment shall be dollars ($ ), payable monthly with the first payment due upon the commencement of the Lease and each monthly installment payable thereafter on the day of each month. Said net monthly payment is-hereafter referred to as the \"Base Rent\". Rent for any period during the term hereon, which is for less than 1 month shall be a pro-rata portion of the monthly rent.", "snippet_links": [{"key": "the-net", "type": "clause", "offset": [0, 7]}, {"key": "monthly-payment", "type": "definition", "offset": [8, 23]}, {"key": "first-payment-due", "type": "definition", "offset": [72, 89]}, {"key": "commencement-of-the-lease", "type": "clause", "offset": [99, 124]}, {"key": "monthly-installment", "type": "clause", "offset": [134, 153]}, {"key": "day-of", "type": "clause", "offset": [180, 186]}, {"key": "during-the-term", "type": "clause", "offset": [289, 304]}, {"key": "rata-portion", "type": "definition", "offset": [359, 371]}, {"key": "monthly-rent", "type": "definition", "offset": [379, 391]}], "samples": [{"hash": "5pOUybRrN3b", "uri": "/contracts/5pOUybRrN3b#base-rent", "label": "Commercial Lease Agreement", "score": 30.1492977142, "published": true}, {"hash": "eL9yy1j1KS7", "uri": "/contracts/eL9yy1j1KS7#base-rent", "label": "Commercial Lease Agreement", "score": 29.2962551117, "published": true}, {"hash": "kICmkwN80O0", "uri": "/contracts/kICmkwN80O0#base-rent", "label": "Commercial Lease Agreement", "score": 27.7568397522, "published": true}], "hash": "7aede7f786e53e358f55f31dec98ab84", "id": 4}, {"size": 77, "snippet": "Subject to adjustment as hereinafter provided in paragraph 4.3, and except as may be otherwise expressly provided in this Lease, Lessee shall pay to Lessor the Base Rent for the Premises set forth in paragraph 1.6 of the Basic Lease Provisions, without offset or deduction. Lessee shall pay Lessor upon execution hereof the advance Base Rent described in paragraph 1.8 of the Basic Lease Provisions. Rent for any period during the term hereof which is for less than one month shall be prorated based upon the actual number of days of the calendar month involved. Rent shall be payable in lawful money of the United States to Lessor at the address stated herein or to such other persons or at such other places as Lessor may designate in writing.", "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "in-this-lease", "type": "clause", "offset": [114, 127]}, {"key": "lessee-shall", "type": "clause", "offset": [129, 141]}, {"key": "to-lessor", "type": "definition", "offset": [146, 155]}, {"key": "base-rent-for-the-premises", "type": "clause", "offset": [160, 186]}, {"key": "basic-lease-provisions", "type": "definition", "offset": [221, 243]}, {"key": "upon-execution", "type": "clause", "offset": [298, 312]}, {"key": "the-advance", "type": "clause", "offset": [320, 331]}, {"key": "during-the-term", "type": "clause", "offset": [420, 435]}, {"key": "one-month", "type": "clause", "offset": [466, 475]}, {"key": "actual-number-of-days", "type": "clause", "offset": [509, 530]}, {"key": "calendar-month", "type": "clause", "offset": [538, 552]}, {"key": "lawful-money-of-the-united-states", "type": "definition", "offset": [588, 621]}, {"key": "other-persons", "type": "clause", "offset": [672, 685]}, {"key": "in-writing", "type": "definition", "offset": [734, 744]}], "samples": [{"hash": "j1csy2JvHdk", "uri": "/contracts/j1csy2JvHdk#base-rent", "label": "Standard Office Lease (FriendFinder Networks Inc.)", "score": 19.0, "published": true}, {"hash": "eZWRuHSblS3", "uri": "/contracts/eZWRuHSblS3#base-rent", "label": "Standard Office Lease (Scheid Vineyards Inc)", "score": 19.0, "published": true}, {"hash": "9RL1fXOpjZa", "uri": "/contracts/9RL1fXOpjZa#base-rent", "label": "Standard Office Lease (Altris Software Inc)", "score": 19.0, "published": true}], "hash": "9e36b1bfee40bd9516fea5284ddab3ef", "id": 5}, {"size": 59, "snippet": "$4,655.64 per month (\u201cBase Rent\u201d), payable on the first ( 1 ) day of each month commencing December 1, 2020 (See also Paragraph 4) \u2611If this box 1s checked, there are provisions in this Lease for the Base Rent to be adjusted. See Paragraph 50", "snippet_links": [{"key": "per-month", "type": "clause", "offset": [10, 19]}, {"key": "day-of", "type": "clause", "offset": [62, 68]}, {"key": "commencing-december", "type": "clause", "offset": [80, 99]}, {"key": "paragraph-4", "type": "definition", "offset": [118, 129]}, {"key": "in-this-lease", "type": "clause", "offset": [177, 190]}, {"key": "the-base-rent", "type": "clause", "offset": [195, 208]}], "samples": [{"hash": "g18tfyuDyWK", "uri": "/contracts/g18tfyuDyWK#base-rent", "label": "Standard Multi Tenant Office Lease (America Great Health)", "score": 33.1026687622, "published": true}, {"hash": "b4mFjQ87Efy", "uri": "/contracts/b4mFjQ87Efy#base-rent", "label": "Standard Multi Tenant Office Lease (America Great Health)", "score": 32.7796020508, "published": true}, {"hash": "e3pglm98AAP", "uri": "/contracts/e3pglm98AAP#base-rent", "label": "Standard Multi Tenant Office Lease (America Great Health)", "score": 31.8295688629, "published": true}], "hash": "ac0e8e1e834ad37586cd83711886ab9e", "id": 8}, {"size": 57, "snippet": "(a) Commencing on the Rent Commencement Date, Tenant shall pay Base Rent in the amounts set forth in Item 9 of the Summary of Basic Terms; provided that if the First Reduction of the Security Deposit is to occur prior to the date on which the first monthly installment of Base Rent would be due, the first monthly installment of Base Rent in the amount of $46,870.83 shall be paid in advance as a condition of such First Reduction.\n(i) The annual Base Rent per square foot for the Extension Term will be ninety percent (90%) of the annual Market Rent per square foot, determined in accordance with this Section 4.1(b); provided, however, that in no event shall the annual Base Rent per square foot for the Extension Term be less than the annual Base Rent per square foot for the last Lease Year of the Initial Term. Within sixty (60) days after Tenant gives to Landlord written notice of exercise of the extension option pursuant to Section 2.4(d), Landlord and Tenant shall simultaneously exchange proposals setting forth their opinions as to the annual fair market base rent per square foot for the Premises for the Extension Term (the \u201cMarket Rent\u201d). Landlord and Tenant shall negotiate in good faith for fifteen (15) days after such exchange of proposals (such period being herein called the \u201cNegotiation Period\u201d) to attempt to agree upon the Market Rent, and, in the course of such negotiations, each party may from time to time submit modified proposals to the other. If the parties agree upon the Market Rent prior to the determination of the arbitrator pursuant to Section 4.1(b)(ii), whether such agreement is reached during or after the Negotiation Period, the Market Rent shall be as so agreed.\n(ii) If the parties are unable to agree upon the Market Rent within the Negotiation Period, then each party shall, upon selection of an arbitrator pursuant to Section 4.1(b)(iii), simultaneously exchange and submit to the arbitrator for binding arbitration a proposal as to the Market Rent. The \u201cMarket Rent\u201d shall be determined as of the commencement of the Extension Term at the then current arms-length negotiated base rents being charged to new (or renewal tenants for renewals and extensions which do not have pre-negotiated contract rents) for comparable space in comparable buildings located in the market area of the Project, taking into account and giving effect to, in determining comparability, without limitation, such considerations as lease term and the age, size, location, condition, and amenities of the Building. The Market Rent may include escalations at various points during the Extension Term. For purposes of such determination, the Premises shall be considered to be vacant and to be rented as a whole for its highest and best use with the degree of finishes and level of leasehold improvements then generally afforded as \u201cbuilding standard\u201d by landlords in the City of Cambridge. The arbitrator shall also consider and incorporate into the computation the existing improvements to the Premises. Neither party shall be deemed under any compulsion to rent or lease space. The arbitrator shall not have the right to modify any other provision of the Lease except Base Rent. Within thirty (30) days after both parties have submitted such proposals to the arbitrator, the arbitrator shall select one of the proposals as more closely approximating the Market Rent appropriate for the Extension Term, and, unless the parties have then agreed upon the Market Rent, the proposed Market Rent set forth in such proposal selected by the arbitrator shall be deemed to be the Market Rent.\n(iii) If the parties are unable to agree upon the Market Rent within the Negotiation Period, then the parties shall, within fifteen (15) days after the end of the Negotiation Period (such fifteen (15) day period being herein called the \u201cSelection Period\u201d), attempt to agree upon an arbitrator to whom to submit the determination of Market Rent for binding arbitration pursuant to Section 4.1(b)(ii). If the parties are unable to agree upon an arbitrator within the Selection Period, then, at the end of the Selection Period, each party shall select an arbitrator and, within fifteen (15) days after the end of the Selection Period, the arbitrators shall agree upon an arbitrator to whom the determination of Market Rent shall be submitted for binding arbitration pursuant to Section 4.1(b)(ii). If such arbitrators are unable to agree promptly upon an arbitrator, an arbitrator shall be selected by the American Arbitration Association. Any arbitrator selected by either party, by the arbitrators selected by the parties or by the American Arbitration Association shall be independent of both parties and shall have such experience, either as a licensed real estate broker or salesperson or as an appraiser, as would qualify such arbitrator as an expert with respect to leasing terms in the City of Cambridge. Such arbitrator shall make the determination required pursuant to Section 4.1(b)(ii) within thirty (30) days of selection. The parties shall share equally the fees and expenses of the arbitrator to whom the determination of Market Rent is submitted. Landlord and Tenant shall each pay the fee of the arbitrator selected by it. In making its determination of Market Rent, the arbitrator shall not make any downward adjustment to account for any savings to be realized by Landlord with respect to leasing commissions or tenant improvements.\n(c) Base Rent shall be payable in equal monthly installments of one-twelfth (1/12th) of the annual Base Rent then in effect (prorated for any partial months) and shall be paid without offset for any reason, in advance, on the first day of each calendar month from and after the Rent Commencement Date. Base Rent and Additional Rent shall be paid as specified by Landlord either (i) by an \u201celectronic funds transfer\u201d system arranged by and among Tenant, Tenant\u2019s bank and Landlord, or (ii) by check sent to Landlord\u2019s office c/o \u201c\u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587,\u201d or at such other place as Landlord shall from time to time designate in writing. The parties acknowledge and agree that the obligations owing by Tenant under this Section 4.1 are rent reserved under this Lease, for all purposes hereunder, and are rent reserved within the meaning of Section 502(b)(6) of the Bankruptcy Code or any successor provision thereto.", "snippet_links": [{"key": "rent-commencement-date", "type": "definition", "offset": [22, 44]}, {"key": "tenant-shall", "type": "clause", "offset": [46, 58]}, {"key": "item-9", "type": "definition", "offset": [101, 107]}, {"key": "summary-of-basic-terms", "type": "clause", "offset": [115, 137]}, {"key": "provided-that", "type": "definition", "offset": [139, 152]}, {"key": "reduction-of", "type": "clause", "offset": [166, 178]}, {"key": "the-security-deposit", "type": "definition", "offset": [179, 199]}, {"key": "prior-to-the", "type": "clause", "offset": [212, 224]}, {"key": "in-advance", "type": "clause", "offset": [381, 391]}, {"key": "condition-of", "type": "clause", "offset": [397, 409]}, {"key": "rent-per-square-foot", "type": "definition", "offset": [452, 472]}, {"key": "annual-market-rent", "type": "definition", "offset": [532, 550]}, {"key": "in-accordance-with", "type": "definition", "offset": [579, 597]}, {"key": "section-41", "type": "clause", "offset": [603, 614]}, {"key": "in-no-event-shall", "type": "clause", "offset": [643, 660]}, {"key": "lease-year", "type": "clause", "offset": [784, 794]}, {"key": "initial-term", "type": "definition", "offset": [802, 814]}, {"key": "after-tenant", "type": "definition", "offset": [839, 851]}, {"key": "to-landlord", "type": "clause", "offset": [858, 869]}, {"key": "exercise-of-the", "type": "clause", "offset": [888, 903]}, {"key": "extension-option", "type": "definition", "offset": [904, 920]}, {"key": "pursuant-to-section", "type": "definition", "offset": [921, 940]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [949, 968]}, {"key": "fair-market-base-rent", "type": "clause", "offset": [1055, 1076]}, {"key": "for-the-premises", "type": "clause", "offset": [1093, 1109]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [1180, 1203]}, {"key": "exchange-of-proposals", "type": "clause", "offset": [1237, 1258]}, {"key": "negotiation-period", "type": "definition", "offset": [1297, 1315]}, {"key": "attempt-to-agree", "type": "clause", "offset": [1321, 1337]}, {"key": "the-market", "type": "definition", "offset": [1343, 1353]}, {"key": "in-the-course-of", "type": "definition", "offset": [1365, 1381]}, {"key": "each-party", "type": "clause", "offset": [1401, 1411]}, {"key": "from-time-to-time", "type": "clause", "offset": [1416, 1433]}, {"key": "the-parties-agree", "type": "clause", "offset": [1477, 1494]}, {"key": "determination-of-the", "type": "clause", "offset": [1529, 1549]}, {"key": "parties-are", "type": "clause", "offset": [1718, 1729]}, {"key": "selection-of-an-arbitrator", "type": "clause", "offset": [1826, 1852]}, {"key": "submit-to", "type": "definition", "offset": [1914, 1923]}, {"key": "binding-arbitration", "type": "clause", "offset": [1943, 1962]}, {"key": "a-proposal", "type": "clause", "offset": [1963, 1973]}, {"key": "commencement-of-the", "type": "clause", "offset": [2045, 2064]}, {"key": "base-rents", "type": "clause", "offset": [2123, 2133]}, {"key": "renewals-and-extensions", "type": "clause", "offset": [2179, 2202]}, {"key": "contract-rents", "type": "definition", "offset": [2236, 2250]}, {"key": "comparable-space", "type": "definition", "offset": [2256, 2272]}, {"key": "comparable-buildings", "type": "definition", "offset": [2276, 2296]}, {"key": "located-in", "type": "definition", "offset": [2297, 2307]}, {"key": "market-area", "type": "definition", "offset": [2312, 2323]}, {"key": "the-project", "type": "definition", "offset": [2327, 2338]}, {"key": "without-limitation", "type": "clause", "offset": [2412, 2430]}, {"key": "lease-term", "type": "definition", "offset": [2455, 2465]}, {"key": "the-building", "type": "definition", "offset": [2523, 2535]}, {"key": "during-the-extension-term", "type": "clause", "offset": [2595, 2620]}, {"key": "for-purposes-of", "type": "clause", "offset": [2622, 2637]}, {"key": "such-determination", "type": "definition", "offset": [2638, 2656]}, {"key": "highest-and-best-use", "type": "definition", "offset": [2740, 2760]}, {"key": "leasehold-improvements", "type": "definition", "offset": [2802, 2824]}, {"key": "building-standard", "type": "definition", "offset": [2853, 2870]}, {"key": "city-of", "type": "clause", "offset": [2892, 2899]}, {"key": "improvements-to-the-premises", "type": "clause", "offset": [2996, 3024]}, {"key": "neither-party-shall", "type": "clause", "offset": [3026, 3045]}, {"key": "to-rent", "type": "definition", "offset": [3077, 3084]}, {"key": "lease-space", "type": "clause", "offset": [3088, 3099]}, {"key": "right-to-modify", "type": "clause", "offset": [3135, 3150]}, {"key": "the-lease", "type": "clause", "offset": [3174, 3183]}, {"key": "within-thirty", "type": "clause", "offset": [3202, 3215]}, {"key": "select-one", "type": "clause", "offset": [3315, 3325]}, {"key": "the-proposals", "type": "clause", "offset": [3329, 3342]}, {"key": "the-proposed", "type": "clause", "offset": [3488, 3500]}, {"key": "the-parties-shall", "type": "clause", "offset": [3704, 3721]}, {"key": "day-period", "type": "definition", "offset": [3807, 3817]}, {"key": "selection-period", "type": "clause", "offset": [3843, 3859]}, {"key": "to-submit", "type": "definition", "offset": [3907, 3916]}, {"key": "determination-of-market-rent", "type": "clause", "offset": [3921, 3949]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [4095, 4112]}, {"key": "the-arbitrators", "type": "clause", "offset": [4238, 4253]}, {"key": "promptly-upon", "type": "clause", "offset": [4441, 4454]}, {"key": "american-arbitration-association", "type": "definition", "offset": [4509, 4541]}, {"key": "by-either-party", "type": "clause", "offset": [4567, 4582]}, {"key": "by-the-parties", "type": "clause", "offset": [4612, 4626]}, {"key": "of-both-parties", "type": "clause", "offset": [4691, 4706]}, {"key": "real-estate-broker-or-salesperson", "type": "definition", "offset": [4760, 4793]}, {"key": "with-respect-to", "type": "clause", "offset": [4860, 4875]}, {"key": "leasing-terms", "type": "clause", "offset": [4876, 4889]}, {"key": "determination-required", "type": "clause", "offset": [4947, 4969]}, {"key": "fees-and-expenses-of-the-arbitrator", "type": "clause", "offset": [5075, 5110]}, {"key": "adjustment-to-account", "type": "clause", "offset": [5330, 5351]}, {"key": "by-landlord", "type": "clause", "offset": [5383, 5394]}, {"key": "leasing-commissions", "type": "clause", "offset": [5411, 5430]}, {"key": "tenant-improvements", "type": "definition", "offset": [5434, 5453]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [5489, 5515]}, {"key": "in-effect", "type": "clause", "offset": [5569, 5578]}, {"key": "partial-months", "type": "clause", "offset": [5597, 5611]}, {"key": "for-any-reason", "type": "clause", "offset": [5646, 5660]}, {"key": "day-of", "type": "clause", "offset": [5687, 5693]}, {"key": "calendar-month", "type": "clause", "offset": [5699, 5713]}, {"key": "base-rent-and-additional-rent", "type": "clause", "offset": [5757, 5786]}, {"key": "as-specified", "type": "clause", "offset": [5801, 5813]}, {"key": "electronic-funds-transfer", "type": "definition", "offset": [5844, 5869]}, {"key": "by-check", "type": "clause", "offset": [5944, 5952]}, {"key": "landlord-shall", "type": "clause", "offset": [6031, 6045]}, {"key": "in-writing", "type": "definition", "offset": [6074, 6084]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [6086, 6124]}, {"key": "obligations-owing", "type": "clause", "offset": [6129, 6146]}, {"key": "by-tenant", "type": "definition", "offset": [6147, 6156]}, {"key": "under-this-lease", "type": "clause", "offset": [6198, 6214]}, {"key": "all-purposes", "type": "definition", "offset": [6220, 6232]}, {"key": "meaning-of", "type": "definition", "offset": [6277, 6287]}, {"key": "bankruptcy-code", "type": "definition", "offset": [6313, 6328]}, {"key": "successor-provision", "type": "clause", "offset": [6336, 6355]}], "samples": [{"hash": "lBc3aahuYo2", "uri": "/contracts/lBc3aahuYo2#base-rent", "label": "Sublease Agreement (Genocea Biosciences, Inc.)", "score": 24.975358963, "published": true}, {"hash": "52TwUs5uEwP", "uri": "/contracts/52TwUs5uEwP#base-rent", "label": "Sublease Agreement (Genocea Biosciences, Inc.)", "score": 24.8083496094, "published": true}], "hash": "e6b57ae20e6540c83490905a8cd185ea", "id": 9}, {"size": 50, "snippet": "Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on the date hereof, and Tenant promises to pay to Landlord in advance, without demand, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month succeeding the Commencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. All payments required to be made by Tenant to Landlord hereunder shall be payable at such address as Landlord may specify from time to time by written notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to \u2587\u2587\u2587\u2587\u2587, reduce, or set-off any rent due hereunder except as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.", "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "first-month", "type": "definition", "offset": [62, 73]}, {"key": "the-security-deposit", "type": "definition", "offset": [87, 107]}, {"key": "estimated-operating-expenses", "type": "definition", "offset": [146, 174]}, {"key": "due-and-payable", "type": "definition", "offset": [207, 222]}, {"key": "date-hereof", "type": "clause", "offset": [230, 241]}, {"key": "pay-to", "type": "definition", "offset": [266, 272]}, {"key": "in-advance", "type": "clause", "offset": [282, 292]}, {"key": "monthly-installments", "type": "definition", "offset": [332, 352]}, {"key": "day-of", "type": "clause", "offset": [389, 395]}, {"key": "calendar-month", "type": "clause", "offset": [401, 415]}, {"key": "the-commencement-date", "type": "clause", "offset": [427, 448]}, {"key": "payments-of-base-rent", "type": "clause", "offset": [450, 471]}, {"key": "payments-required", "type": "clause", "offset": [529, 546]}, {"key": "by-tenant-to-landlord", "type": "clause", "offset": [558, 579]}, {"key": "payable-at", "type": "definition", "offset": [599, 609]}, {"key": "as-landlord", "type": "definition", "offset": [623, 634]}, {"key": "from-time-to-time", "type": "clause", "offset": [647, 664]}, {"key": "by-written-notice", "type": "clause", "offset": [665, 682]}, {"key": "in-accordance", "type": "definition", "offset": [693, 706]}, {"key": "tenant-to-pay", "type": "clause", "offset": [735, 748]}, {"key": "other-sums", "type": "clause", "offset": [763, 773]}, {"key": "obligations-of-landlord", "type": "clause", "offset": [794, 817]}, {"key": "under-this-lease", "type": "clause", "offset": [818, 834]}, {"key": "independent-obligations", "type": "clause", "offset": [839, 862]}, {"key": "no-right", "type": "clause", "offset": [882, 890]}, {"key": "at-any-time", "type": "clause", "offset": [891, 902]}, {"key": "rent-due", "type": "clause", "offset": [936, 944]}, {"key": "in-this-lease", "type": "clause", "offset": [991, 1004]}, {"key": "if-tenant", "type": "clause", "offset": [1006, 1015]}, {"key": "on-demand", "type": "clause", "offset": [1156, 1165]}, {"key": "late-charge", "type": "clause", "offset": [1168, 1179]}, {"key": "equal-to", "type": "definition", "offset": [1180, 1188]}, {"key": "in-addition-to", "type": "clause", "offset": [1267, 1281]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [1300, 1325]}], "samples": [{"hash": "gigYvFB9Ons", "uri": "/contracts/gigYvFB9Ons#base-rent", "label": "Lease Agreement (Wells Real Estate Investment Trust Inc)", "score": 18.0, "published": true}, {"hash": "gNqkzJvEbTp", "uri": "/contracts/gNqkzJvEbTp#base-rent", "label": "Lease Agreement (Concord Camera Corp)", "score": 18.0, "published": true}, {"hash": "bdNlHdxKJpg", "uri": "/contracts/bdNlHdxKJpg#base-rent", "label": "Lease Agreement (Burke Industries Inc /Ca/)", "score": 18.0, "published": true}], "hash": "886ce5e55084ed24a01adcb3191c6299", "id": 10}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJiYXNlLXJlbnQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 10982, "children": [["base-rent", "Base Rent"], ["existing-premises", "Existing Premises"], ["", ""], ["expansion-premises", "Expansion Premises"], ["abated-base-rent", "Abated Base Rent"]], "parents": [["rent", "Rent"], ["base-rent", "Base Rent"], ["miscellaneous", "Miscellaneous"], ["definitions", "Definitions"], ["whereas", "WHEREAS"]], "title": "Base Rent", "id": "base-rent", "related": [["basic-rent", "Basic Rent", "Basic Rent"], ["monthly-rent", "Monthly Rent", "Monthly Rent"], ["fixed-rent", "Fixed Rent", "Fixed Rent"], ["base-rental", "Base Rental", "Base Rental"], ["annual-rent", "Annual Rent", "Annual Rent"]], "related_snippets": [], "updated": "2026-05-02T06:01:41+00:00", "also_ask": ["What negotiation levers can be used to adjust Base Rent in favor of the client?", "Which essential components must be included in a Base Rent clause to avoid ambiguity?", "What are the most common pitfalls or fatal flaws in Base Rent drafting?", "How does the Base Rent structure compare to market standards or alternative rent models?", "What factors most influence a court\u2019s interpretation or enforceability of a Base Rent provision?"], "drafting_tip": "Specify the rent amount and payment schedule to ensure clarity; define adjustment mechanisms to address future changes; state payment method to prevent disputes.", "explanation": "The Base Rent clause defines the fixed amount of rent that a tenant is required to pay to the landlord, typically on a monthly basis, for the use of leased premises. This clause specifies the exact dollar amount, the payment schedule, and may outline any scheduled increases over the lease term. By clearly stating the tenant\u2019s minimum financial obligation, the clause ensures both parties understand the fundamental cost of the lease and helps prevent disputes over payment expectations."}, "json": true, "cursor": ""}}