Monthly Rental. 6.1 The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 ( ) (excluding Vat) per square metre. 6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Appears in 4 contracts
Samples: Lease Agreement, Offer to Lease, Lease Agreement
Monthly Rental. 6.1 6.1. The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 ( ) (excluding Vat) per square metre.
6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Appears in 4 contracts
Samples: Offer to Lease, Lease Agreement, Lease Agreement
Monthly Rental. 6.1 The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 ( ) (excluding Vat) per square metre.
6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Appears in 3 contracts
Samples: Offer to Lease, Offer to Lease, Lease Agreement
Monthly Rental. 6.1 The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 ( rands) (excluding Vat) Excluding Vat or any equivalent Tax), which shall be paid in local currency at the prevailing exchange rate per square metre.
6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Appears in 1 contract
Samples: Lease Agreement
Monthly Rental. 6.1 The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 $ ( US Dollars) (excluding Vat) Excluding Vat or any equivalent Tax), which shall be paid in local currency at the prevailing exchange rate per square metre.
6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Appears in 1 contract
Samples: Lease Agreement