Land Rent Clause Samples
The Land Rent clause defines the payment obligations of a tenant for the use of land under a lease or rental agreement. Typically, it specifies the amount of rent due, the frequency of payments (such as monthly or annually), and any adjustments or escalations over time. For example, the clause may outline how rent is calculated based on acreage or market rates, and detail procedures for late payments or rent reviews. Its core practical function is to ensure both parties have a clear understanding of the financial terms governing the land's use, thereby preventing disputes and providing a predictable revenue stream for the landowner.
Land Rent. Land Rent is defined as that rent due and payable to the LESSOR by the LESSEE for the Land, as measured from the outer-most limits of the leased property Premises as set forth and shown on the attached Exhibit “A”. Upon Commencement Date of this Agreement, LESSEE shall pay Land Rent to LESSOR as follows: 1 10/1/2023 - 9/30/2024 0.2410 $11,714.52 $976.21 2 10/1/2024 - 9/30/2025 0.2434 $11,831.64 $985.97 3 10/1/2025 - 9/30/2026 0.2458 $11,949.96 $995.83 4 10/1/2026 - 9/30/2027 0.2483 $12,069.48 $1,005.79 5 10/1/2027 - 9/30/2028 0.2508 $12,190.20 $1,015.85 6 10/1/2028 - 9/30/2029 0.2533 $12,312.12 $1,026.01 7 10/1/2029 - 9/30/2030 0.2558 $12,435.24 $1,036.27 8 10/1/2030 - 9/30/2031 0.2584 $12,559.56 $1,046.63 9 10/1/2031 - 9/30/2032 0.2610 $12,685.20 $1,057.10 10 10/1/2032 - 9/30/2033 0.2636 $12,812.04 $1,067.67 11 10/1/2033 - 9/30/2034 0.2662 $12,940.08 $1,078.34 12 10/1/2034 - 9/30/2035 0.2689 $13,069.56 $1,089.13 13 10/1/2035 - 9/30/2036 0.2716 $13,200.24 $1,100.02 14 10/1/2036 - 9/30/2037 0.2743 $13,332.24 $1,111.02 15 10/1/2037 - 9/30/2038 0.2770 $13,465.56 $1,122.13 16 10/1/2038 - 9/30/2039 0.2798 $13,600.20 $1,133.35 17 10/1/2039 - 9/30/2040 0.2826 $13,736.16 $1,144.68 18 10/1/2040 - 9/30/2041 0.2854 $13,873.56 $1,156.13 19 10/1/2041 - 9/30/2042 0.2883 $14,012.28 $1,167.69 20 10/1/2042 - 9/30/2043 0.2912 $14,152.44 $1,179.37 Facility Rent is defined as that rent due and payable to the LESSOR by the LESSEE for the structures, and appurtenances thereto, upon the Land as measured from the outer-most vertical surfaces of the structures as set forth and shown on the attached Exhibit “A”. Facility Rent for all facilities shall commence on May 1, 2032 and shall be set at the then-current market rent of such facilities, structures, fixtures and improvements as determined by a single independent third-party licensed and accredited commercial property appraiser with aviation and airport property market experience. The appraiser shall be selected by agreement of the Parties.
Land Rent. The Lessor shall pay the Land Rent (if applicable) in a timely manner.
Land Rent. Tenant shall pay to City monthly rent of per month, beginning and on the first (1st) day of each month thereafter during the term of this Lease Rent shall be adjusted on October 1st each year by the greater of five percent (5%) or pursuant to the annual increase of the Municipal Cost Index as of the latest date it was published prior to October 1st City may give a courtesy notice of any increase annually; however, failure to give such notice does not relieve Tenant of the obligation to pay such increases. Rent shall be prorated for any partial month.
Land Rent. Rent on surface and subsurface land (excluding Wharf Area), per Compensation Year, in the amount of Four Million, Five Hundred and Forty Nine Thousand, and Forty One Dollars and Fifty Cents ($4,549,041.50), which shall be due in equal quarterly installments;
Land Rent. LESSEE shall pay to LESSOR Land Rent for the Premises described in Section 2 PREMISES. The Land Rent shall be calculated as follows: Effective Dates Rate Per Sq. Ft. Annual Monthly 02/01/2023 - 12/31/2025 $.5262 $73,668.00 $6,139.00 Land Rent terminates on December 31, 2025 to be replaced by payment of the higher of either the Concession Fee or Minimum Annual Guarantee.
Land Rent. Rent may be mailed to ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇,▇▇ ▇▇▇▇▇ or in rent boxes provided at each park.
Land Rent. Lease has the meaning specified in the First Grant Contract;
Land Rent. Land rent due to the County from the Operator will be reduced based on the square footage of the returned parcels for: (i) Parcel A2, upon satisfactory return of
Land Rent. The rent charged to and paid by Sublessor to the PDA, or any successor authority, under the Primary Sublease assessed with respect to the Premises for any Operating Year.
Land Rent. Commencing on the Building 6 Rent Commencement Date and continuing thereafter on the first day of each month during the Base Term and each Extension Term, Tenant shall be required to pay rent to Landlord (“Land Rent”) in an amount which results in Landlord receiving in equal monthly installments a 7.5% per annum return on the then Building Entitlement Value. Notwithstanding the foregoing, Land Rent shall be abated until December 31, 2018, and Tenant shall not be required to commence paying Land Rent until January 1, 2019. The Building Entitlement Value shall be increased on each Building 6 Adjustment Date by multiplying the Building Entitlement Value immediately before such Building 6 Adjustment Date by the Bi-Annual Rent Adjustment Percentage and adding the resulting amount to the Building Entitlement Value immediately before such Building 6 Adjustment Date.