Market Rent. 5.1.2.1.1. Rent shall be adjusted to Market Value, based on the findings of a Rent Study, five years from the date of execution of the Agreement, and every five years thereafter. If the Lessor has not obtained a Rent Study before the five-year term for Market Value Adjustment has passed, then the rent shall be adjusted to Market Value in the next calendar month after a Rent Study is obtained.
Appears in 4 contracts
Samples: Non Commercial Lease and Use Agreement, Non Commercial Lease and Use Agreement, Non Commercial Lease and Use Agreement
Market Rent. 5.1.2.1.1. Rent shall be adjusted to Market Value, based on the findings of a Rent Study, five years from the date of execution of the Agreement, and every five years thereafter. If the Lessor has not obtained a Rent Study before the five-five year term for Market Value Adjustment has passed, then the rent shall be adjusted to Market Value in the next calendar month after a Rent Study is obtained.
Appears in 2 contracts
Samples: Lease Agreement, Non Commercial Lease and Use Agreement
