RENT INDEXATION. Once a year, on the anniversary date of the coming into force of the lease, the rent will be adjusted to the cost of living based on the fluctuations of the "health" index according to the following formula: New rent = base rent x new index Base index The base rent is the one set in article 3. The new index is the index of the month preceding the anniversary of the entering into force of the lease. The base index is the "health" index for the month preceding the month in which the lease agreement was entered into, that is to say the index for the month of August 2018, to wit ................... (base 2013 - health index). The index in question is the index designated and calculated in accordance with the legislation. It is available on the website of the FPS Economy: xxxx://xxxxxxx.xxxx.xx/fr/statisitques/chiffres/economie/prix_consommation/indices_prix_consommation Art 5 LEVIES All taxes and duties of any kind levied directly or indirectly on the leased property (such as the tax on waste removal) are payable by the lessee, except for the property tax which is payable by the lessor. The lessee undertakes not to use all or part of the leased property, without the prior written authorization of the lessor, for any professional activity, any commercial activity likely to fall within the scope of the law on commercial leases being otherwise formally proscribed. If the lessee allocates all or part of the leased property for professional or commercial purposes without the agreement of the lessor, the additional tax that may be levied on the lessor due to the use for professional purposes by the lessee will be incumbent on the lessee and will be due at the same time as the rent of the month following the month of the lessor’s request.
RENT INDEXATION. The landlord and tenant decide not to index the rent each year. The landlord and tenant decide to index the rent each year. On the anniversary of the beginning of the lease, the rent is indexed, at the written request of the landlord, provided that the lease is registered. The indexed rent is equal to: base rent x new index starting index The base rent is the rent fixed in article 3 of this lease. The new index is thehealth index of the month before the month of the anniversary date of the beginning of the lease. The starting index is the health index of the month before the month of the lease signature. The Federal Public Service (FPS) Economy offers a rent indexation calculator.
RENT INDEXATION. If not expressly excluded, indexation of the rent is allowed, provided that the lease is registered. Indexation can be requested at the earliest on the anniversary date of the commencement of the lease and is calculated according to a legal formula which takes into account the evolution of the health index: Base rent X new index ---------------------------------------- Starting index Le base rent is the rent fixed at the beginning of the tenancy. The new index is the health index of the month before the month of the anniversary date of the beginning of the lease. The starting index is the health index of the month before the month of the lease signature. You can find the health index on the following web page : xxxxx://xxxxxxx.xxxx.xx/fr/themes/prix-la- consommation/indexation-du-xxxxx If the lessor requests indexation of the rent after the anniversary date of the commencement of the lease, the indexation will only have effect, for the past, for the 3 months at most preceding the date of the request.
RENT INDEXATION. 1. The Parties agree that the rent for the lease specified in § 11, point 1, and the factor defined in §2, point 8 hereof, will be indexed annually according to the average rate of increase in the prices of goods and services for the previous year, as published in the Official Gazette of the Republic of Poland by the President of the Polish Statistical Office. The first indexation will be made in February 2016, based on the rate for the year 2015. Subsequent indexations shall be made each successive year in February. The rent indexation made as stated above does not require an annex hereto. The Lessee shall be notified in writing about the amount of the change.
RENT INDEXATION. 4.3.1 The rent will be indexed to the tertiary activities rent index (TARI) published quarterly by INSEE [National Institute for Statistics and Economic Studies], on the anniversary of the Effective Date of the Lease. The parties acknowledge that this index is directly related to the subject of this Lease and to the Lessor’s business. The indexation will be calculated each year using the following formula: Indexed rent = Reference rent x (comparison index/reference index) The first indexation will be made on the date specified in Article 5 of Chapter B by taking: - as reference rent, the rent specified in Article 4 of Chapter B, - as reference index, the last index published by INSEE on the Effective Date of the Lease referred to in Article 5 of Chapter B, - as comparison index, the index of the same quarter of the following year. The following indexations will be carried out on each anniversary of the Effective Date of the Lease by taking: - as reference rent, the rent in effect at the time of indexing, - as reference index, the comparison index used in the previous rent indexation, - as comparison index, the index of the same quarter of the following year.
RENT INDEXATION. 6.1 The Base Rent is subject to an annual increase of three percent (3%) per year, exclusive of tax and charges on each anniversary date of the Entry Date on to the Premises, or as indicated hereinafter: Month Monthly Base Rent, excluding taxes 1-6 Abatement period 7-12 € 271.250 13-24 € 279.388 25-36 € 287.769 37-48 € 296.402 49-60 € 305.294 61-72 € 314.453 73-84 € 323.887 85-96 € 333.603 97-108 € 343.611 109-120 € 353.920 121-132 € 364.537 133-144 € 375.473
RENT INDEXATION. According to law, the rent will change every year on the anniversary date of the lease in proportion to the fluctuations in the National Index of Construction Costs published by the National Institution of Statistics and Economic Studies, base 100 for the 4th quarter of 1953. The application of the above index clause can in no case cause the rent to decrease to an amount below the initial rent. For the first year, the index determined in article 30 of the Specific Terms will be compared to the index for the same quarter of the next year. For subsequent years, the index used during the previous re-evaluation and the index for the same quarter of the following year will be compared. If publication of the index selected for the annual indexation ceases, this rent adjustment will be determined using either a legal replacement index or a new index chosen by common accord between the parties. If no accord can be reached, the parties agree to adhere to the decision of a judicial expert assigned by a decree from the President of the Superior Court of Paris upon request of the most diligent party and costs incurred will be shared. This contractual rent indexation is an essential term of the present lease and without which this lease is not accorded. Additionally, the current legal revision outlined in article L145-38 of the business code remains applicable.
RENT INDEXATION. As of right, the rent will increase annually on the effective date of the lease in proportion to changes in the national cost of construction index published by the National Institute of Statistics and economic studies, base 100 in the fourth quarter of 1953. For the first year, the index set out in Article 30 of the Special Conditions will be compared with the index for the same quarter of the following year. For subsequent years, the index used in the previous revaluation and the index used for the same quarter of the following year will be compared. If the index chosen for annual indexation ceases to be published, such indexation would be made on the basis either of the legal replacement index or a new index chosen by mutual agreement between the parties. In the absence of agreement, the parties undertake to rely on the decision of the judicial expert appointed by order of the President of the High Court of Paris on the request of the most diligent and expeditious party Shared. This conventional indexation of rent is an essential and decisive condition of this lease, without which it would not have been granted. In addition, the legal revision currently provided for by Article l145-38 of the Commercial Code remains applicable.
RENT INDEXATION. CG. 5.1. The rent shall be indexed, by right and without any application or request, as of the Effective Date of the Lease, every year on the anniversary date of the Effective Date of the Lease, depending on the variation of the Rental Index for Tertiary Activities (ILAT) as published by INSEE. Said index is acknowledged by the Parties as being directly related to the purpose of this contract. For the first indexation, which must take place upon the anniversary date of the Effective Date, the annual rate of index change shall be calculated as a function of the change in the base index, which shall be the latest index published on the Effective Date of the Lease, and in the revision index, which shall be the index of the same calendar quarter in the following year. For the following indexations, the base index shall be the revision index used for the previous indexation, and the revision index shall be the index of the same calendar quarter in the following year, and this will be repeated during consecutive years. Failure to immediately adjust the rent shall not cause any forfeiture of the rights of the Parties to require retroactively a future application of this provision.
RENT INDEXATION. REVISION:
