PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the third year of the Term (May 1, 2025) and each year thereafter ("the adjustment date"). The adjusted monthly rent will be calculated by adding three percent (3%). Monthly rent increases based on the annual 3% adjustment have been calculated and are further described in Exhibit C, attached to and made a part of this Lease.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the third year of the Term (May 1, 2025) term and each year thereafter ("the adjustment date"). The adjusted ) to the monthly rent will be calculated by adding in effect immediately preceding the adjustment date plus three percent (32%). Monthly rent increases based on the annual 3% adjustment have been calculated and are further described in Exhibit C, attached to and made a part of this Lease.
Appears in 1 contract
Samples: Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the third second year of the Term (May 1, 2025) and each year thereafter ("the adjustment date"). The adjusted monthly rent will be calculated by adding three percent (3%). Monthly rent increases based on the annual 3% adjustment have been calculated and are further described in Exhibit C, attached to and made a part of this Lease.
Appears in 1 contract
Samples: Lease Agreement
PERIODIC RENT INCREASES. a. The monthly rent shall be increased at the commencement of the third tenth year of the initial Term (May 1, 2025) and the first year of each year thereafter of the options Terms ("the adjustment date"). The adjusted monthly rent will be calculated by adding three percent (3%). Monthly rent Rent increases based on the annual 3% adjustment have been calculated and are further described in Exhibit C, attached to and made a part of this Lease.
Appears in 1 contract
Samples: Lease Agreement