Basic Annual Rental Sample Clauses
The Basic Annual Rental clause defines the amount of rent a tenant is required to pay to the landlord each year for the use of the leased premises. This clause typically specifies the annual rental rate, the schedule for payment (such as monthly or quarterly installments), and may outline any adjustments or escalations over the lease term. By clearly stating the financial obligations of the tenant, this clause ensures both parties understand the base rent due, thereby preventing disputes and providing a predictable income stream for the landlord.
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Basic Annual Rental. (1) For purposes hereof, the phrase "lease year" shall mean each separate and successive period of twelve (12) consecutive calendar months during the term hereof, commencing for each lease year on June 1/st/ and ending on the following May 31/st/, with the first (1/st/) lease year to begin on June 1, 1996, and to end on May 31, 1997.
(2) Tenant covenants and agrees to pay to Landlord as basic annual rental during each lease year of the initial term hereof Forty-Two Thousand Dollars ($42,000.00) per annum, the same to be due and payable in equal monthly installments of Three Thousand Five Hundred Dollars ($3,500.00) each (the "basic monthly rent") in advance without deduction, setoff or demand on the first (1/st/) day of each and every calendar month during the term hereof, commencing for the first such monthly installment as of June 1, 1996. The basic monthly rent and all other sums payable by Tenant under this Lease shall be pro-rated on a per diem basis for any fraction of a full calendar month at the termination of this Lease, as determined by Landlord, and such pro-rated amounts shall be paid by Tenant to Landlord within seven (7) days after Landlord's written request. Tenant agrees to make the following payments with respect to the Interim Period (i.e., the period from June 1, 1996 through and including September 30, 1996):
(i) Upon execution of this Lease, Tenant shall pay to Landlord Fourteen Thousand Dollars ($14,000.00) representing basic monthly rental at the rate of $3,500.00 per month for each of the four (4) months in said Interim Period.
(ii) Within seven (7) days after the date Landlord sends Tenant any invoice therefor, Tenant agrees to pay to Landlord the full amount of Tenant's Proportionate Share (i.e., 22-1/2%) as described in Article Fourth below) of all Impositions and Insurance Premiums which are allocable to the Interim period, as determined and invoiced by Landlord. It is recognized that the Interim Period comprises part of the term of this Lease, and accordingly, all costs of providing and of use of utilities to, at and for the entire Premises (including but not limited to electricity, gas if any, hot and cold water, plumbing, sanitary sewer, and telephone service and lighting, ventilation, air conditioning and heating) allocable to the Interim Period or to any other periods within the term of this Lease or any renewal, extension and holdover terms, shall be borne and paid solely by Tenant without contribution thereto by Landlord....
Basic Annual Rental. YIELDING AND PAYING therefor unto the Lessor in lawful money for each and every year during the term hereof without deduction, set-off or abatement, basic annual rental of Thirty Three Thousand Four Hundred and Ten Dollars and Forty Cents ($33,410.40). It is understood and agreed that the basic annual rental set forth above is based on the rate of Twelve ($12.00) Dollars per square foot per annum. - On the first day of each month during the term hereof, the Lessee will pay to the Lessor in advance the Basic monthly rent of Two Thousand Seven Hundred and Eighty Four Dollars and Twenty Cents ($2,784.20), the first payment of such Basic monthly rent to be due and payable upon the commencement date. Upon the Lessor providing to the Lessee a statement of occupancy costs referred to in paragraph 11 hereof and from time to time, the Lessee shall provide to the Lessor a series of twelve (12) post-dated cheques comprising the aggregate of:
a. the minimum monthly rent; and
b. the monthly estimated occupancy cost charge;
c. the Goods and Services Tax (GST). The Lessee shall pay to the Lessor an amount equal to all Goods and Services Taxes imposed or to be imposed by any governmental authority with respect to base rent, additional rent and other charges payable by the Lessee to the Lessor under this Lease. Such amount as may be applicable is to be paid to the Lessor by the Lessee with each payment of base rent, additional rent or other charges on the date such payment is otherwise due under this Lease, without reference to any Goods and Services Tax remitted or to be remitted by the Lessor to the governmental authority in respect thereof. The amount payable by the Lessee hereunder shall not be or be deemed to be base rent or additional rent or other charges, however, the Lessor shall have all of the same rights and remedies for recovery of the amount as it has for recovery of base rent, additional rent and other charges hereunder. In addition to the Lessor's normal rights and remedies, the Lessee shall indemnify the Lessor in respect of any claim or loss which the Lessor may suffer as a result of any default in remitting the amount to the governmental authority which arise from the Lessee's obligations including any penalties relating thereto and/or interest thereon. - For any period during which the Lessee carries on or is required to carry on business under the terms of this lease and which period is less than a month or a year, Basic rent will be payable on a per d...
Basic Annual Rental. As of the date hereof, Basic Annual Rent due under the Lease for the Premises is equal to $969,760.08, payable in equal monthly installments of $80,813.34. Notwithstanding any terms of the Original Lease to the contrary, such Basic Annual Rent shall continue in such amount until August 1, 2018.
Basic Annual Rental. Tenant shall pay to Landlord the Basic Annual Rental set forth in Section 1.9 (Basic Annual Rental), payable in advance on the Commencement Date and thereafter on the first day of each calendar month throughout the Term If the Term begins other than on the first day of a month or ends other than on the last day of the month, the Basic Annual Rental for a partial month shall be prorated on a thirty (30) day month, based on the number of days in such month as this Lease is in effect.