Rent Proposal Sample Clauses
A Rent Proposal clause outlines the terms under which a tenant offers to pay rent for a property, typically as part of lease negotiations. This clause specifies the proposed rental amount, payment frequency, and any conditions or adjustments, such as rent reviews or escalation clauses. Its core practical function is to establish a clear starting point for rent discussions, ensuring both parties understand the tenant's offer and facilitating transparent negotiations.
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Rent Proposal. Fair Market Base Rent shall be determined as follows: Landlord shall, within thirty (30) days after receipt of the Extension Notice propose in writing to Tenant the Fair Market Base Rent to be paid by Tenant during the Extension Term (the “Rent Proposal”). Tenant shall have fifteen (15) days from receipt of Landlord’s Rent Proposal to either accept or reject Landlord’s Rent Proposal. If Tenant objects to Landlord’s Rent Proposal, Tenant shall notify Landlord of such objection in writing (the “Objection Notice”). If Tenant shall fail to send the Objection Notice within the fifteen (15) day time period herein provided, Tenant shall be deemed to have accepted Landlord’s Rent Proposal.