Common use of Notice of Renewal Clause in Contracts

Notice of Renewal. The option to renew this lease pursuant to subsection A above shall be exercised by providing written notice given to Landlord not less than days prior to the Termination Date. If written notice is not given in the manner provided herein within the time specified, this option shall lapse and expire. Rental Terms. With respect to the terms of the rental: A) Base Rent. Tenant shall pay to Landlord, from the Commencement Date and throughout the term of this Agreement, $ , payable on a: (Check one) ☐ Weekly ☐ Monthly ☐ Quarterly ☐ Semi-annual ☐ Yearly ☐ Other: basis (“Base Rent”). Base Rent is due no later than the day of the payment period. Base Rent is payable by (Check one) ☐ mailed check ☐ wire transfer ☐ other: or as otherwise agreed upon by the parties. B) Operating Cost. Operating costs shared by the building are: (Check one) ☐ NOT included in the Base Rent. Beginning on the Commencement Date, Xxxxxx agrees to pay Landlord for Xxxxxx’s proportionate share of Operating Cost. Tenant’s initial monthly estimate for Operating Cost is $ per month. For the purposes of this Agreement, Xxxxxx’s proportionate share of Operating Costs shall not exceed % of the total capital operating

Appears in 1 contract

Samples: Warehouse Lease Agreement

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Notice of Renewal. The option to renew this lease pursuant to subsection A above shall be exercised by providing written notice given to Landlord not less than days prior to the Termination Date. If written notice is not given in the manner provided herein within the time specified, this option shall lapse and expire. Rental Terms. With respect to the terms of the rental: A) Base Rent. Tenant shall pay to Landlord, from the Commencement Date and throughout the term of this Agreement, $ , payable on a: (Check one) ☐ Weekly ☐ Monthly ☐ Quarterly ☐ Semi-annual ☐ Yearly ☐ Other: basis (“Base Rent”). Base Rent is due no later than the day of the payment period. Base Rent is payable by (Check one) ☐ mailed check ☐ wire transfer ☐ other: or as otherwise agreed upon by the parties. B) Operating Cost. Operating costs shared by the building are: (Check one) ☐ NOT included in the Base Rent. Beginning on the Commencement Date, Xxxxxx Tenant agrees to pay Landlord for XxxxxxTenant’s proportionate share of Operating Cost. Tenant’s initial monthly estimate for Operating Cost is $ per month. For the purposes of this Agreement, Xxxxxx’s proportionate share of Operating Costs shall not exceed % of the total capital operatingTenant’s

Appears in 1 contract

Samples: Commercial Lease Agreement

Notice of Renewal. The option to renew this lease pursuant to subsection A above shall be exercised by providing written notice given to Landlord not less than days prior to the Termination Date. If written notice is not given in the manner provided herein within the time specified, this option shall lapse and expire. Rental Terms. With respect to the terms of the rental: A) Base Rent. Tenant shall pay to Landlord, from the Commencement Date and throughout the term of this Agreement, $ , payable on a: (Check one) ☐ Weekly ☐ Monthly ☐ Quarterly ☐ Semi-annual ☐ Yearly ☐ Other: basis (“Base Rent”). Base Rent is due no later than the day of the payment period. Base Rent is payable by (Check one) ☐ mailed check ☐ wire transfer ☐ other: or as otherwise agreed upon by the parties. B) Operating Cost. Operating costs shared by the building are: (Check one) ☐ NOT included in the Base Rent. Beginning on the Commencement Date, Xxxxxx Tenant agrees to pay Landlord for XxxxxxTenant’s proportionate share of Operating Cost. Tenant’s initial monthly estimate for Operating Cost is $ per month. For the purposes of this Agreement, Xxxxxx’s proportionate share of Operating Costs shall not exceed % of the total capital operatingis

Appears in 1 contract

Samples: Commercial Lease Agreement

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Notice of Renewal. The option to renew this lease pursuant to subsection A above shall be exercised by providing written notice given to Landlord not less than days prior to the Termination Date. If written notice is not given in the manner provided herein within the time specified, this option shall lapse and expire. Rental Terms. With respect to the terms of the rental: A) Base Rent. Tenant shall pay to Landlord, from the Commencement Date and throughout the term of this Agreement, $ , payable on a: (Check one) ☐ Weekly ☐ Monthly ☐ Quarterly ☐ Semi-annual ☐ Yearly ☐ Other: basis (“Base Rent”). Base Rent is due no later than the day of the payment period. Base Rent is payable by (Check one) ☐ mailed check ☐ wire transfer ☐ other: or as otherwise agreed upon by the parties. B) Operating Cost. Operating costs shared by the building are: (Check one) ☐ NOT included in the Base Rent. Beginning on the Commencement Date, Xxxxxx Tenant agrees to pay Landlord for XxxxxxTenant’s proportionate share of Operating Cost. Tenant’s initial monthly estimate for Operating Cost is $ per month. For the purposes of this Agreement, XxxxxxTenant’s proportionate share of Operating Costs shall not exceed % of the total capital operatingoperating costs for any given month. Tenant’s proportionate share shall be determined by dividing the number or rentable square feet

Appears in 1 contract

Samples: Godown Rent Agreement

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