Current Minimum Rent Clause Samples
The "Current Minimum Rent" clause defines the base amount of rent that a tenant is required to pay to the landlord during a specified period of the lease. This clause typically outlines the exact dollar amount or the method for calculating the minimum rent, and may specify scheduled increases or adjustments over time. By clearly establishing the minimum rent obligation, this clause ensures both parties understand the financial terms of the lease and helps prevent disputes over payment expectations.
Current Minimum Rent. The current [pick one: monthly or annual] base annual rent payable under the lease, the current [pick one: monthly or annual] additional rent, and the date to which the base annual rent and all additional rent and other charges required to be paid under this lease have been paid.
Current Minimum Rent. The current [select one of the following: monthly or annual] Minimum Rent payable under the Lease, the current [select one of the following: monthly or annual] Additional Rent, and the date to which the Minimum Rent and all Additional Rent and other charges required to be paid under the Lease have been paid.
Current Minimum Rent. The current annual Base Rent payable under the Lease, the current monthly and/or annual Additional Rent, and the date to which the Base Rent and all Additional Rent and other charges required to be paid under this Lease have been paid.