Minimum Annual Rent Sample Clauses

The Minimum Annual Rent clause establishes the lowest amount of rent that a tenant must pay to the landlord each year, regardless of other factors such as sales performance or occupancy. Typically, this clause specifies a fixed annual sum, which may be paid in equal monthly installments, and applies even if the lease also includes provisions for percentage rent or other variable charges. Its core practical function is to guarantee the landlord a baseline income from the property, ensuring predictable revenue and reducing financial risk associated with fluctuations in the tenant's business.
POPULAR SAMPLE Copied 6 times
Minimum Annual Rent. Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.
Minimum Annual Rent. Months 1 - 6 $ 0.00 (6 months) Year 1, Months 7 - 12 $ 47,181.12 (6 months) Years 2 - 5 $ 94,362.24 per year Years 6 - 10 $108,484.44 per year Year 11, Months 121 - 126 $ 54,242.22 (6 months);
Minimum Annual Rent. (a) Notwithstanding anything in the Existing Lease or this Third Amendment to the contrary, from and after the Effective Date through the date that is the day immediately prior to the Extended Term Commencement Date, Tenant shall continue to pay the Minimum Annual Rent applicable to the Original Premises pursuant to the Existing Lease. (b) Commencing on the Extended Term Commencement Date, and continuing to and including the Expiration Date, Tenant’s Minimum Annual Rent obligation for the Original Premises shall be as follows: ​ ​ (c) Subject to Section 3(b) above, commencing on March 1, 2023, and continuing to and including Expiration Date, Tenant’s Minimum Annual Rent obligation for the Expansion Premises shall be as follows: ​ ​ *If the Expansion Premises Commencement Date occurs at any time prior to March 1, 2023, the Minimum Annual Rent applicable to the Expansion Premises for the period commencing on such earlier date to and including February 28, 2023 shall be an amount equal to the rate per rentable square foot as is then applicable to the Original Premises during the then applicable annual period of the Term, multiplied by 8,613. If the Expansion Premises Commencement Date occurs at any time after March 1, 2023, all references in this Third Amendment to March 1, 2023 as the Expansion Premises Commencement Date, including without limitation in the Minimum Annual Rent schedule above, shall be adjusted to be the Expansion Premises Commencement Date. In addition, from and after the Expansion Premises Commencement Date, and throughout the remainder of the Term, Tenant shall pay Tenant’s Share of Annual Operating Expenses in accordance with Section 5(b) of this Third Amendment. ​ *Notwithstanding anything to the contrary set forth herein, if the Expansion Premises Commencement Date shall occur on a day that is not the first day of a calendar month, the period beginning on the Expansion Premises Commencement Date and ending on the last day of the month in which the Expansion Premises Commencement Date occurs shall be identified as the “Stub Period”. Rent for the Stub Period will be calculated based upon the monthly Rent then applicable to the Expansion Premises prorated for the number of days in such Stub Period assuming a thirty (30) day calendar month regardless of the month in which such Stub Period ​ ​ occurs. Accordingly, in the event of a Stub Period, on the Expansion Premises Commencement Date, Tenant shall pay Landlord such prorated monthly Rent ...
Minimum Annual Rent. Effective as of the Lease Commencement Date, Tenant agrees to pay to Landlord, Minimum Annual Rent, in the amounts provided in Section 1.1(k) hereof, payable in advance in equal successive monthly installments on the first day of each and every calendar month during the Term and the Renewal Term, if any; provided, however, Minimum Annual Rent shall be prorated for the applicable portion of the first and last month in which the same is due and payable.
Minimum Annual Rent. 3 7. Operation of Property; Payment of Expenses..................... 3 8. Signs.......................................................... 4 9. Alterations and Fixtures ...................................... 5 10. Mechanics' Liens............................................... 5 11. Landlord's Right of Entry...................................... 5 12. Damage by Fire or Other Casualty............................... 5 13. Condemnation................................................... 6 14. Non-Abatement of Rent.......................................... 6 15.
Minimum Annual Rent. Tenant agrees to pay to Landlord the Minimum Annual Rent ------------------- in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise, provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "lease year" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.
Minimum Annual Rent. 8 Section 4.2
Minimum Annual Rent. Effective on and after the Additional Premises Commencement Date, Tenant shall pay Minimum Annual Rent for the Additional Premises in accordance with the following chart: August 1, 2014-May 31, 2015 $ 10.60 $ 49,311.20 $ 4,109.27 June 1, 2015 - May 31, 2016 $ 10.85 $ 50,474.20 $ 4,206.18 June 1, 2016-May 31, 2017 $ 11.10 $ 51,637.20 $ 4,303.10 June 1, 2017-May 31, 2018 $ 11.35 $ 52,800.20 $ 4,400.02
Minimum Annual Rent. Years 1-5 $81,675.00 per year Years 6-10 $91,822.56 per year;
Minimum Annual Rent. Tenant shall pay Landlord total rent in the sum of: a) Term 1: $ per month during Term 1 of the Lease (“Rent 1”), with the first payment being due and payable on or before Effective Date. Thereafter, rent payments are due on the same day of each month beginning on the Effective Date. b) Term 2: $ per month during Term 2 of the Lease (“Rent 2”), with the first payment being due and payable on the Second Effective Date.