Rent and Other Consideration. The Government shall pay the Lessor annual rent of $[Insert Amount] (note: also state amount in words) at the rate of $[Insert Amount] (note: also state amount in words) per calendar month in arrears. Consideration for a lesser period shall be prorated. Rent shall be paid to Lessor by electronic funds transfer in accordance with the provisions of the General Clauses, GSA Form 3517B, attached hereto and made a part hereof as Exhibit C. Rent shall be payable to the payee designated by the Lessor in the System for Award Management (XXX). If the payee is different from the Lessor, both payee and Lessor must be registered and active in XXX. The Lessor shall provide to the Government, in exchange for the payment of the rental consideration, the following:
A. The leasehold interest in the Property described herein in Section 1.01, The Premises.
B. Tenantable premises that comply with applicable building codes and standards, including fire alarm and safety equipment (as provided in this Lease and its Exhibits). Performance and/or satisfaction of all other obligations set forth in this Lease, and all services, utilities, and maintenance required for the proper operation of the Property, the Building, and the Premises in accordance with the terms of the Lease, including, but not limited to, all inspections, modifications, repairs, replacements, and improvements required to be made thereto to meet the requirements of this Lease.
C. The Lessor, at its sole cost, shall provide and install separate meters for utilities. Sub-meters are not acceptable. The Lessor shall furnish in writing to the Real Estate Contracting Officer (RECO), prior to occupancy by the Government, a record of the meter numbers and verification that the meters measure Government usage only. Proration is not permissible. The Lessor is to provide utilities and communications connections to demarcation points within the Premises. In addition, an automatic control system shall be provided to assure compliance with heating and air conditioning requirements. The Lessor shall certify that the mechanical equipment, Building systems, and the utilities are in good serviceable and operating condition. The Lessor is responsible for providing, maintaining and repairing all systems, equipment, fixtures, and appurtenances necessary for the provision and use of the below services: (note: check all that apply) ☐ Electricity / Gas ☐ Heating oil ☐ Water ☐ Sanitary sewer ☐ Trash removal ☐ High-speed internet ☐ Phone se...
Rent and Other Consideration. In consideration for the leasing of the Real Property to the Corporation hereunder, the Corporation agrees (i) to pay to the County the sum of Thirty Dollars and 00/100 ($30.00) on the closing date of the Series 2020 Bonds as a prepayment of the Sub- Base Lease Rent for the term of this Sub-Base Lease and (ii) to fulfill its obligations with respect to the Project Facilities as provided in the Facilities Agreement.
Rent and Other Consideration. (a) Tenant, in consideration of the leasing of the Premises to Tenant by Landlord, hereby covenants and agrees to pay to Landlord the following base rent (hereinafter called the “Base Rent”) as, when and in the manner herein provided and subject to the terms, provisions and conditions herein set forth: Commencing on the execution of this Lease, and during the Term of the Lease, including the Renewal Terms (if Tenant shall elect to extend the Initial Term), Tenant shall pay Base Rent as follows: Annual Base Rent from the Rent Commencement Date and for the first five years of the Initial Term shall be One hundred twenty-five thousand and no/100 dollars ($125,000.00). Beginning with the sixth year from the Rent Commencement Date, and every five years thereafter until termination of this Lease, the annual Base Rent will be adjusted to an amount equal to the product of (a) the annual Base Rent paid during the immediately preceding five-year period and (b) the Consumer Price Index (CPI) for the last month of the immediately preceding five-year period divided by the CPI for July 2007. However, the amount by which the annual Base Rent will be adjusted at the beginning of every sixth year will be limited to the annual Base Rent for the immediately preceding five-year period multiplied by a minimum of 7.5% and a maximum of 11%. The CPI will be calculated using information from the U.S. city average CPI for all items, base period 1982-1984 = 100, series id CUUR0000SA0 (or equivalent series if the series id changes). Rent to be paid in quarterly installments with one quarter of the total annual payment due each quarter. For example, assume the annual Base Rent at the end of the fifth year was $125,000 per year, the CPI for July 2007 was 200, and the CPI for the last month of the fifth year was 216. The annual Base Rent for the next five years would be $135,000 ($125,000 multiplied by 216 divided by 200). If the CPI for the last month of the fifth year was 222, then the maximum increase of 11% would apply, such that the annual Base Rent for the next five years would be $138,750 ($125,000 multiplied by 111%). Base Rent for the first five years of the First Renewal Term (if such option is exercised by Tenant) shall be an amount equal to 8 ½% of appraised fair market value of the Land determined by taking the average of the values established by an MAI appraiser selected by Landlord, an MAI appraiser selected by Tenant, and an MAI appraiser selected by the other two MAI a...
Rent and Other Consideration. (OCT 2016)
A. The Government shall pay the Lessor annual rent, payable in monthly installments in arrears, at the following rates: FIRM TERM NON FIRM TERM SHELL RENT1 $XXX,XXX.XX $XXX,XXX.XX OPERATING COSTS2 $ XXX,XXX.XX $ XXX,XXX.XX TENANT IMPROVEMENTS RENT3 $ XXX,XXX.XX $0.00 PARKING4 $ XXX,XXX.XX $ XXX,XXX.XX TOTAL ANNUAL RENT $XXX,XXX.XX $XXX,XXX.XX 1Shell rent calculation: (Firm Term) $XX per RSF multiplied by the RSF stated under Paragraph 1.01 (Non Firm Term) $XX per RSF multiplied by the RSF stated under Paragraph 1.01 2Operating Costs rent calculation: $XX per RSF multiplied by the RSF stated under Paragraph 1.01 3Tenant Improvements of $XX are amortized at a rate of X percent per annum over XX years. 4Parking costs described under sub-paragraph I below
B. In instances where the Lessor amortizes either the TI or Building Specific Amortized Capital (BSAC) for a period exceeding the Firm Term of the Lease, should the Government terminate the Lease after the Firm Term or does not otherwise renew or extend the term beyond the Firm Term, the Government shall not be liable for any costs, including unamortized costs beyond the Firm Term.
C. Rent is subject to adjustment based upon a mutual on-site measurement of the Space upon acceptance, not to exceed XX ABOA SF based upon the methodology outlined under the “Payment” clause of GSA Form 3517.
D. Rent is subject to adjustment based upon the final Tenant Improvement (TI) cost to be amortized in the rental rate, as agreed upon by the parties subsequent to the Lease Award Date. E.
Rent and Other Consideration. (a) On the Effective Date, Lessee shall pre-pay one hundred forty-four (144) months [twelve (12) years] of rent equaling $4,500,000 (Basic Rent) for the Premises to Lessor.
(b) During the Term of the Lease, Lessor shall be entitled to 30 beds for Lessor’s Inmates in the Premises at no cost to Lessor. It is agreed that Lessor’s Inmates will be confined to the extent of its capacity in the Xxxxxxx Facility on the Premises.
(c) For beds in excess of such 30 free beds, up to a total of 40 beds (including the 30 free beds), Lessor shall pay $28 per day per bed for each bed used by Lessor during the first 12 months of the Term. Thereafter, Lessor shall pay $28 per bed per day plus the increase as determined by the Renter’s Price Index.
(d) For all other beds beyond forty (40), Lessor shall be entitled to additional beds in the Premises to house Lessor’s own Inmates by paying the prevailing market rate as established by Lessee as it pertains to non-Frio County inmates housed in the Facility.
(e) To the extent permitted by law, Lessee shall provide telephone service at the Facility. Lessee shall remit to Lessor: 1) 50% of all monthly telephone revenue received by Lessee for phone services used by inmates at the Premises plus; 2) 50% of the monthly value of all per diem increases in the rates charged for housing inmates (above $39.75 for out-of-state inmates, and above $35.25 for all other non-Lessor inmates). In no event shall the aggregate amount received by the Lessor pursuant to subsections 1) and 2) exceed the sum of $1 times the number of non-Lessor Inmates times the number of days of incarceration.
(f) Upon any expansion of at least 25 beds, in lieu of the monies set forth in subparagraph (e), Lessor shall receive $1 for each non-Lessor Inmate per day.
(g) All amounts which Lessee is required to pay or discharge pursuant to this Lease in addition to Basic Rent shall constitute additional rent hereunder (Additional Rent). Lessee may pay Additional Rent directly to the Person entitled thereto. All sums payable as Additional Rent to Persons other than Lessor shall be paid when they become due to such Persons, and Lessee shall indemnify Lessor against any liens or claims against Lessor or the Premises arising out of Lessee’s failure to timely pay any such sums. All sums payable as Additional Rent to Lessor shall be paid monthly in arrears, not later than the tenth day of the month immediately following the month in which they accrue. Neither phone revenue nor pe...
Rent and Other Consideration. (AUG 2011) FIRM TERM YEAR 11 YEARS 2 - 3 YEARS 4 – 6 YEARS 7 – 9 ANNUAL RENT ANNUAL RATE/RSF ANNUAL RENT ANNUAL RATE/RSF ANNUAL RENT ANNUAL RATE/RSF ANNUAL RENT ANNUAL RATE/RSF SHELL RENT $0.00 $0.00 $951,986.10 $14.95 $1,143,020.10 $17.95 $1,334,054.10 $20.95 TENANT IMPROVEMENTS RENT2 $262,990.14 $4.134 $262,990.14 $4.134 $262,990.14 $4.134 $262,990.14 $4.134 OPERATING COSTS $0.00 $0.00 $563,550.30 $8.85 $563,550.30 $8.85 $563,550.30 $8.85 BUILDING SPECIFIC SECURITY3 $4,457.46 $0.074 $4,457.46 $0.074 $4,457.46 $0.074 $4,457.46 $0.074 TOTAL ANNUAL RENT $267,447.60 $4.20 $1,782,984.00 $28.00 $1,974,018.00 $31.00 $2,165,052.00 $34.00 FIRM TERM NON FIRM TERM YEAR 10 YEARS 11 – 15 ANNUAL RENT ANNUAL RATE/RSF ANNUAL RENT ANNUAL RATE/RSF SHELL RENT $1,525,088.10 $23.95 $1,334,054.10 $20.95 TENANT IMPROVEMENTS RENT2 $262,990.14 $4.134 $262,990.14 $4.134 OPERATING COSTS $563,550.30 $8.85 $563,550.30 $8.85 BUILDING SPECIFIC SECURITY3 $4,457.46 $0.974 $4,457.46 $0.974 TOTAL ANNUAL RENT $2,356,086.00 $37.00 $2,165,052.00 $34.00
A. The Government shall pay the Lessor annual rent, payable in monthly installments in arrears, at the following rates: 1Shell Rent and Operating Expenses are abated for the first twelve months. 2The Tenant Improvement Allowance is amortized at a rate of 6.75 percent per annum over 15 years 3Building Specific Security Costs are amortized at a rate of 6.75 percent per annum over 15 years. 4Rates may be rounded.
B. Rent is subject to adjustment based upon a physical mutual measurement of the Space upon acceptance, not to exceed 1,023 ABOA SF based upon the methodology outlined under the “Payment” clause of GSA Form 3517.
C. Rent is subject to adjustment based upon the final Tenant Improvement (TI) cost to be amortized in the rental rate, as agreed upon by the parties subsequent to the Lease Award Date.
D. If the Government occupies the Premises for less than a full calendar month, then rent shall be prorated based on the actual number of days of occupancy for that month.
E. Rent shall be paid to the Lessor by electronic funds transfer in accordance with the provisions of the General Clauses. Rent shall be payable to the Payee designated in the Lessor's Central Contractor Registration.
F. The Lessor shall provide to the Government, in exchange for the payment of rental and other specified consideration, the following:
1. The leasehold interest in the Property described in “Paragraph 1.01, THE PREMISES” created herein;
2. All costs, expenses and f...
Rent and Other Consideration. (ON-AIRPORT) (APR 2015)
A. The Government shall pay the Lessor annual rent payable monthly in arrears at the following rates: January 1, 2016 June 30, 2016 July 1, 2016 June 30, 2017 Annual Rent Annual Rate / RSF Annual Rent Annual Rate / RSF
Rent and Other Consideration. (ON-AIRPORT) (OCT 2017)
A. The Government shall pay the Lessor annual rent payable monthly in arrears at the following scheduled rates: Year 1 Year 2 Year 3 Office Area Rental Rate1 $423,571.68 $438,403.00 $453,730.20 Operating Costs on Airport Terminal Space2 $0.00 $0.00 $0.00 Outdoor Land Space3 $10,500.00 $10,850.00 $11,200.00 Radio Base Station4 $1,200.00 $1,200.00 $1,200.00 Parking5 $2,100.00 $2,173.50 $2,249.55 LEASE NO. GS-04P-LFL00935 LESSOR: GOVERNMENT: GSA FORM L201D (10/176) Year 4 Year 5 4/16/2021 - 4/15/2022 4/16/2022 - 4/15/2023 Office Area Rental Rate1 $469,598.36 $486,052.56 Operating Costs on Airport Terminal Space2 $0.00 $0.00 Outdoor Land Space3 $11,620.00 $12,040.00 Radio Base Station4 $1,200.00 $1,200.00 Parking5 $2,329.55 $2,409.80 TOTAL ANNUAL RENT $484,747.91 $501,702.36 1Office Area rent calculation: Year 1: $93.96 per RSF multiplied by the 4,508 RSF Year 2: $97.25 per RSF multiplied by the 4,508 RSF Year 3: $100.65 per RSF multiplied by the 4,508 RSF Year 4: $104.17 per RSF multiplied by the 4,508 RSF Year 5: $107.82 per RSF multiplied by the 4,508 RSF 2Operating Costs rent calculation: All operating costs are included in the Shell Rental Rate 3Outdoor Land Space calculation: Year 1: $1.50 per RSF multiplied by 7,000 SF Year 2: $1.55 per RSF multiplied by 7,000 SF Year 3: $1.60 per RSF multiplied by 7,000 SF Year 1: $1.66 per RSF multiplied by 7,000 SF Year 1: $1.72 per RSF multiplied by 7,000 SF 4Radio Base Station rent is calculated at $1,200.00 per year 5Parking costs described under sub-paragraph B below
B. Parking shall be provided at the following rate per parking space per year for each surface/outside space: Year 1: $420.00 Year 2: $434.70 Year 3: $449.91 Year 4: $465.91 Year 5: $481.96 C. INTENTIONALLY DELETED.
Rent and Other Consideration. (ON-AIRPORT) (OCT 2022)
A. Shell Rental Rate $71,873.00 $41.00 $71,873.00 $41.00 Operating Costs $8,765.00 $5.00 $8,765.00 $5.00
B. The Lessor has offered that after initial installation of new flooring in year 1, new flooring will not be required during the remainder of the lease, or if so, it will be at the expense of the Agency.
C. Rent is subject to adjustment based upon a mutual measurement of the Space upon acceptance, not to exceed 1,753 ABOA SF. based upon the methodology outlined under the “Payment” clause of GSA Form 3517.
D. If the Government occupies the Premises for less than a full calendar month, then rent shall be prorated based on the actual number of days of occupancy for that month.
E. Rent shall be paid to Lessor by electronic funds transfer (EFT) in accordance with the provisions of the General Clauses. Rent shall be payable using the EFT information contained in the System for Award Management (XXX). In the event the EFT information changes, the Lessor shall be responsible for providing the updated information to XXX. Failure by the Lessor to maintain an active registration in XXX may result in delay of rental payments until such time as the XXX registration is activated. This registration service is free of charge.
F. The Lessor shall provide to the Government, in exchange for the payment of rental and other specified consideration, the following:
1. The leasehold interest in the Property described herein in the paragraph entitled “The Premises,”
2. All costs, expenses and fees to perform the work required for acceptance of the Premises in accordance with this Lease, including all costs for labor, materials, and equipment, professional fees, subcontractor fees, attorney fees, permit fees, inspection fees, and similar such fees, and all related expenses.
3. Performance or satisfaction of all other obligations set forth in this Lease; and,
4. All services, utilities, and maintenance required for the proper operation of the Property, the Building, and the Premises in accordance with the terms of the Lease, including, but not limited to, all inspections, modifications, repairs, replacements, and improvements required to be made thereto to meet the requirements of this Lease.
Rent and Other Consideration. (SEP 2013)
A. Shell Rental Rate $54,617.64 $10.12 $56,236.74 $10.42 Operating Costs $82,843.95 $15.35 $85,326.57 $15.81
B. Rent is subject to adjustment based upon a mutual measurement of the Space upon acceptance, not to exceed 5,397 ABOA SF. based upon the methodology outlined under the “Payment” clause of GSA Form 3517.
X. Xxxx is subject to adjustment based upon the final TI cost to be amortized in the rental rate, as agreed upon by the parties subsequent to the Lease Award Date.
D. If the Government occupies the Premises for less than a full calendar month, then rent shall be prorated based on the actual number of days of occupancy for that month.
X. Xxxx shall be paid to Lessor by electronic funds transfer in accordance with the provisions of the General Clauses. Rent shall be payable to the Payee designated in the Lessor's Central Contractor Registration (CCR), now the System for Award Management (XXX). If the payee is different from the Lessor, both payee and Lessor must be registered in XXX. This registration service is free of charge.
F. The Lessor shall provide to the Government, in exchange for the payment of rental and other specified consideration, the following:
1. The leasehold interest in the Property described in the paragraph entitled “The Premises,”
2. SUB-PARAGRAPH INTENTIONALLY DELETED IN ITS ENTIRETY;
3. Performance or satisfaction of all other obligations set forth in this Lease; and,
4. All services, utilities, and maintenance required for the proper operation of the Property, the Building, and the Premises in accor- dance with the terms of the Lease, including, but not limited to, all inspections, modifications, repairs, replacements, and improvements required to be made thereto to meet the requirements of this Lease.
G. Parking shall be provided at a rate of $0.00 per parking space per month (structured/inside), and $0.00 per parking space per month (surface/outside).
