Common use of Initial Lease Term Clause in Contracts

Initial Lease Term. The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Appears in 44 contracts

Samples: Lease Agreement, www.michigan.gov, www.michigan.gov

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Initial Lease Term. The Initial Lease Term is for a minimum maximum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs. The State prefers dedicated utility meters. If submitting a proposal for a space with sub-meters, please provide information on how the billing is generated from the submeters.

Appears in 11 contracts

Samples: www.michigan.gov, www.michigan.gov, www.michigan.gov

Initial Lease Term. The Initial Lease Term is for a minimum of ten five (105) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Appears in 6 contracts

Samples: www.michigan.gov, www.michigan.gov, www.michigan.gov

Initial Lease Term. The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs. The State prefers dedicated utility meters. If submitting a proposal for a space with sub-meters, please provide information on how the billing is generated from the submeters.

Appears in 2 contracts

Samples: www.michigan.gov, www.michigan.gov

Initial Lease Term. The Initial Lease Term is for a minimum of ten three (103) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Appears in 1 contract

Samples: www.michigan.gov

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Initial Lease Term. The Initial Lease Term is for a minimum of ten four (104) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Appears in 1 contract

Samples: www.michigan.gov

Initial Lease Term. The Initial Lease Term is for a minimum maximum of ten twenty (1020) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs. The State prefers dedicated utility meters. If submitting a proposal for a space with sub-meters, please provide information on how the billing is generated from the submeters.

Appears in 1 contract

Samples: www.michigan.gov

Initial Lease Term. The Initial Lease Term is for a minimum of ten twenty (1020) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Appears in 1 contract

Samples: www.michigan.gov

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