Common use of Fair Market Rent Clause in Contracts

Fair Market Rent. (a) The term "Fair Market Rent" as used in this Lease is defined to mean the rent, including all escalations, at which tenants are leasing non-sublease, non-encumbered, non-equity space comparable in size and quality to the Premises for the Option Period as to which Fair Market Rent is being determined in the Mid Cities Area, giving appropriate consideration to the annual rental rates per square foot and the standard of measurement by which the square footage is measured and any free rent or tenant improvement allowances given in connection with those leases. In determining Fair Market Rent it shall be assumed that:

Fair Market Rent. (a1) The term "Fair Market Rent" as used in this Lease is defined to mean the rent, including all escalations, at which tenants are leasing non-sublease, non-encumbered, non-equity space comparable in size and quality to the Premises for the Option Period as to which Fair Market Rent is being determined in the Mid Cities West San Xxxxxxxx Valley and East Ventura County Area, giving appropriate consideration to the annual rental rates per square foot and the standard of measurement by which the square footage is measured and any free rent or tenant improvement allowances given in connection with those leasesmeasured. In determining Fair Market Rent it shall be assumed that:

Fair Market Rent. (a1) The term "Fair Market Rent" as used in this Lease is defined to mean the rent, including all escalations, at which tenants are leasing non-non- sublease, non-encumbered, non-equity space comparable in size and 50 81 quality to the Premises for the Option Period as to which Fair Market Rent is being determined in the Mid Cities AreaArdenwood area of Fremont market, giving appropriate consideration to the annual rental rates per square foot and the standard of measurement by which the square footage is measured and any free rent or tenant improvement allowances given in connection with those leasesmeasured. In determining Fair Market Rent it shall be assumed that: