Market Rent Review. (a) In addition to the Rent adjustment provided for in clause 14.4 the Rent may, subject to the following provisions of this clause, be redetermined to an amount that is the Market Rent in accordance with Division 6.3 of the CLM Xxx 0000 on that date with effect on and from each Market Rent Review Date by the Licensor;
Market Rent Review. On each Market Review Date the Base Rent will be the Market Rent as notified in the Market Review Notice or as determined in the following clauses. The Landlord must issue a Market Review Notice not less than 3 months before the Market Review Notice. If the Landlord has not issued a Market Review Notice by the Market Review Date then the Tenant may issue the Market Review Notice.
Market Rent Review. The Annual Rent must be reviewed on each Market Review Date as follows:
Market Rent Review. (a) If the words "current market rent" or their equivalent appear in Item 8(b) next to a Review Date the Lessor may give the Lessee a Lessor's Assessment no more than 3 months before (and at any time after) the Review Date.
Market Rent Review. For the first Lease Year of the Option Term, the Annual Rent will be the annualised amount calculated by review of the rent to market as follows:-
Market Rent Review. (a) The Lessor may, not more than 3 months before a Review Date, and at any time subsequent before the earlier of the immediately following Review Date (if any) and the date of expiration of this Lease, give the Lessee notice of its estimate of the then current market rental value of the Premises as the relevant Review Date.
Market Rent Review. 5.1 Landlord's Notice If 'market' is specified in Items 7 or 12 for any Year, the Landlord may give a notice to the Tenant (Landlord's Notice) specifying the market rent for the relevant Year. If the Landlord does not give a notice to the Tenant, the Tenant must continue to pay the Rent payable immediately prior to the relevant Year.
Market Rent Review. The Rent is to be reviewed on each Market Review Date in accordance with clauses 8.2 to 8.6. Either party may initiate Market Review In this clause, Review Period means the period following each Market Review Date until the next Review Date or until the end of this lease. The review procedure on each Market Review Date is as follows: the Landlord or the Tenant may initiate a review by giving the other party written notice stating the current market rent which it proposes as the rent for the Review Period. If the other party does not object in writing to the proposed rent within 28 days, it becomes the Rent for the Review Period; if the party that receives the notice serves on the party initiating the review an objection to the proposed rent within 28 days and the parties do not agree on the rent within 40 days after the objection is served, and then either party may request the President of the Australian Property Institute – Victorian Division, to appoint a Valuer to determine the current market rent; in determining the current market rent for the Premises, the Valuer must: consider any written submission made by the parties which must be submitted to the Valuer within 28 days of the parties being informed of the Valuer's appointment; complete the determination within 60 days of receipt of submissions from the parties and provide a written report to the Tenant and the Landlord which clearly outlines the basis and reasoning of the determination; determine the current market rent as an expert; assume that the Premises is available to be leased on the same conditions as those contained in this lease, including any options for renewal and assuming a sitting tenant; take into account the conditions of this lease including the Permitted Use, assuming the Tenant has met all the obligations under this lease; ignore the Tenant's Fixtures and all improvements made by the Tenant to the Premises at the Tenant's Cost; ignore the goodwill of the Tenant's business; take into account current market rent for comparable premises; disregard any incentives in comparable rental evidence; where the Premises comprises more than one warehouse within the Warehouse Land, assess the rent on a warehouse by warehouse basis; have regard to any services made available to the Tenant by the Landlord in respect of the Warehousing Complex or the Warehouse Land (for example waste removal, security and other similar services); and have regard to the Tenant's rights to use the Licensed Area; ...
Market Rent Review. The rent will be reviewed to the market rent every 5 years and this may mean that the rent increases or decreases. There will also be a penultimate day rent review.
Market Rent Review. 2.1 The annual rent payable as from each market rent review date (except for a market rent review date that is a renewal date) shall be reviewed by the Landlord as follows:
