Rent and Security. 3 ARTICLE 5. ADDITIONAL RENT FOR ESCALATIONS IN REAL ESTATE TAXES.......................................... 5 ARTICLE 6.
Rent and Security. 3.1 In consideration of the Lessor agreeing to lease out to the Lessee the Premises, the Lessee shall pay the Lessor the rent @ Rs. 47/-per sq. ft (Rupees Forty Seven only per square feet per month for the initial period of Two years in respect of the Premises from the date of commencement of this Agreement. Thereafter the rent shall increase by 18% (Eighteen percent) over the last rent paid after expiry of every two year lease period, for two more terms of two years each. The Lessor shall bear the cost on renovation of interior work already done in the premises and the acquisition of additional office furniture a communication equipment, telephones and the like. However the cost shall be limited to maximum of Rs.5,00,000.00 (Rupees Five Lakhs only). This cost shall be reimbursed to the lessee who undertakes the work of renovation as per its requirement. If Lessor fails reimburse Lessee within 30 days of its submission of a request, Lessee may deduct such sum from the next rent coming due.
3.2 It is hereby agreed between the parties that the monthly rental as specified in clause 3.1 and the interest free refundable security deposit as specified in clause 3.4 with respect to said premises, shall be enhanced at a fixed rate of 18% (eighteen percent) at the end of every term and renewal term during the currency of this lease.
3.3 The rent and the other charges in respect of the Premises as specified in this Agreement shall be paid quarterly in advance by the 7th of each first calendar month of the quarter in respect of which the rent is due. Any delay in payment of rent by the due date shall attract levy of interest @ 18% p.a. for the period of delay, which shall also be payable by the Lessee to the Lessor.
3.4 In addition to monthly rent payable by the Lessee in accordance with the aforesaid clauses, the Lessee shall also pay an interest free security deposit equivalent to 2 month's rent. It is agreed that the Lessee shall pay 100% of the security deposit at the time of signing of this Agreement.
3.5 Upon termination of this Agreement in accordance herewith, the Lessor shall refund the interest free security deposit only upon the Lessee surrendering the peaceful, vacant and physical possession of the Premises. In the event the Lessee extends its stay in the Leased Premises beyond the term of the Lease Period the Lessee shall be liable to pay the rent for the period of such extended stay in the Premises at the prevailing market rate in the area, without preju...
Rent and Security. 2.01 Basic Rent For years One (1) through Ten (10), Lessee will pay $110,000.00 in Yearly Fixed Rent (“Rent”) in monthly installments of $9,166.67 on the First Monthly Payment Due Date and thereafter on the first day of each month in advance. All rent payments shall he made to the Lessor or the Lessor’s agent and at such place as the Lessor shall from time to time in writing designate. The first monthly payment shall be paid on the commencement date.
Rent and Security. Section 2.01 Amount of Minimum Rent............................... 3 Section 2.02
Rent and Security. Section 2.01 Rent and Rent Adjustment 3 Section 2.02 Additional Rent 4 Section 2.03 Personal Property Tax 9 Section 2.04 Security Deposit 9 Section 2.05 Sales Tax 9
Rent and Security. (1). The rent for the object is one hundred and twenty one New Taiwan Dollar per square meter per month and the monthly rent is two million, two hundred and ninety-eight thousand New Taiwan Dollar, which shall be paid on the 16th day each month upon issuance of the payment bill.
(2). The security is four million, five hundred and ninety-six thousand New Taiwan Dollar (two months rent), which shall be paid by Party B by a check expiring on May 25th of the 89th year of the Republic of China. Party A shall refund to Party B without interest the security when Party B returns the object of lease hereunder; however, if Party B hasn’t paid its outstanding rent, or Party A finds that there are any reasons attributable to Party B (regardless of natural loss) when the object of lease hereunder is returned, or Party B fails to perform Article 12 hereof, the security may be used to compensate for the damage caused to Party A and the surplus (if any) shall be refunded by Party A to Party B or Party B shall make up the deficiency (if any), and Party B may not raise any objection thereto.
Rent and Security. Tenant agrees to pay Landlord a total rent in the amount of DOLLARS, payable in equal installments of , due and payable, in advance, on the first day of each month. In addition, Tenant shall pay the sum of DOLLARS, representing the security deposit for the faithful performance by Tenant of the terms and conditions hereof. Provided Tenant has faithfully performed hereunder, the security deposit shall be returned to Tenant, without interest, at the termination hereof, in accordance with the terms and conditions of the appropriate Florida Statutes governing security deposits for rentals of this nature. Tenant also agrees to pay:
1. The sum of Dollars to Association (not to exceed the highest amount permitted by law) representing the tenant approval fee due the Association.
2. Tenant agrees that Tenant is solely responsible for obtaining, maintaining and paying for contents coverage for any and all personal property of the Tenant in, on or about the Premises.
3. In the event any Sales Tax shall be due as a result of the within tenancy, Tenant agrees to forthwith upon demand remit the amount due at the then prevailing rate.
Rent and Security. A. Tenant agrees to and shall pay to Landlord, as rent for the Premises, rent in equal monthly installments at the rate of $31,250.00 per month, plus applicable sales tax, in advance on the first day of each month commencing on the 1st day of August 1998 and monthly thereafter. Upon the commencement of each five (5) year renewal period hereunder, the square foot rent rate shall be adjusted by increasing (and never decreasing) the square foot rent rate of the last completed lease term by an amount equal to the percentage increase in the CPI between the first and last month of the last completed lease term. For purposes of this lease, CPI is defined as the Consumer Price Index for All Urban Consumers, AU Items (Base year 1982-84 =100) published by the United States Department of Labor, Bureau of Labor Statistics. If the Bureau of Labor Statistics substantially revises the manner in which the CPI is determined, if practicable an adjustment shall be made in the revised index which would produce results equivalent, as nearly as possible to those which would produce results equivalent to those that would be produced if the CPI were not so revised. If an adjustment required by the preceding sentence is not practicable, or if the CPI become unavailable to the public because publication is discontinued, or otherwise, Landlord shall substitute therefor a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar published by a governmental agency, major bank, other financial institution, university or recognized financial publisher.
B. Applicable sales tax shall also be paid by the Tenant to Landlord with each rent payment due under the terms of this lease and on all taxable items payable by Tenant, including without limitation ad valorem taxes paid by or reimbursed from Tenant.
C. Tenant, concurrently with the execution of this lease, has deposited with Landlord the sum of $ -none- receipt of which is hereby acknowledged by Landlord, which sum shall be retained by Landlord as security for the payment by Tenant of the rents herein agreed to be paid by Tenant and for the faithful performance by Tenant of the terms and covenants of this lease. If Tenant fails to pay rent or other charges due hereunder, or otherwise defaults with respect to any provision of this Lease, Landlord may use, apply or retain all or any portion of said deposit for the payment of any rent or other charge in default or for the payment of any other sum t...
