Rent Review Dates. The Rent r e v i e w p e r i o d f o r c o mmu n i t y l e a s e s wi l l b e e v e r y 3 ye a r s , u n l e s s o th e r wi s e d e te r mi n e d b y C o u n c i l . 1 July 2020 1 July 2023 1 July 2026 1 July 2029 1 July 2032 1 July 2035 Item 8 Term The term shall be twenty one (21) years commencing on the 1 July 2017 and ending on the 30 June 2038.
Rent Review Dates. During the Term: During the Further Term:
Rent Review Dates. The Rent shall be reviewed every three (3) Lease Years, unless otherwise determined by Council. 1 July 2023 1 July 2026 1 July 2029 Item 8 Term The term shall be ten (10) years commencing on the 1 January 2022 and ending on the 31 December 2031. Item 9 Further Terms Not applicable Item 10 Lessee’s Insurance Obligations Without affecting any further insurance to be effected by the Lessee as specified by the Lessor in writing to the Lessee, the Lessee shall effect policies of insurance in respect of:
(a) public liability insurance for an amount not less than twenty million dollars ($20,000,000.00) for any one incident or such greater amount as may be specified from time to time by the Lessor;
(b) the full insurable value on a replacement or reinstatement basis of the Lessee’s Building and Fixtures against fire, explosion, earthquake, aircraft, riot, civil commotion, flood, lightning, xxxxx, xxxxxxx, smoke, rainwater, water leakage, impact by vehicles, machinery breakdown or malfunction, and malicious acts or omissions;
(c) employers’ indemnity insurance including workers’ compensation insurance in respect of all employees of the Lessee employed in or about the Leased Premises;
(d) the full insurable value on a replacement or reinstatement basis of all plate glass windows and doors forming part of the Leased Premises; and
(e) any other matter or thing which the Lessor and the Commission reasonably requires by notice to the Lessee, on the terms specified in clause 13 of the Lease.
Rent Review Dates yearly from the Commencement Date of this Lease.
Rent Review Dates. 23.4.1 The Initial Rent will be reviewed upwards only every five years, the first review applicable to all Leases (including Office Floor 17) to take place on the fifth anniversary of the Term Commencement Date applicable to Office Floors 11 to 16 (inclusive)
23.4.2 The rent review caps to apply in respect of the review of the Rent in each of the Leases and to be inserted in paragraph 12 of Schedule 3 of each relevant Office Lease shall be:-
(a) In the case of the first review date the sum calculated by multiplying the Net Internal Area of the part of the Demised Premises demised by the relevant Office Lease expressed in square feet by fifty five pounds (£55); and
(b) In the case of the second review date the sum calculated by multiplying the Net Internal Area expressed in square feet of the part of the Demised Premises demised by the relevant Office Lease expressed in square feet by fifty seven pounds, fifty xxxxx (£57.50)
Rent Review Dates. The Initial Rent will be reviewed in accordance with the provisions of the Lease upwards only every five years, the first review to take place on the fifth anniversary of the Term Commencement Date
Rent Review Dates. The Rent shall be adjusted at the times and in the manner specified below: 1 July 2019 – 5% of the Lessee’s Turnover for that Financial Year. 1 July 2020 – 5% of the Lessee’s Turnover for that Financial Year. 1 July 2021 – 6% of the Lessee’s Turnover for that Financial Year. 1 July 2022 – 6% of the Lessee’s Turnover for that Financial Year 1 July 2023, 1 July 2024, 1 July 2025, 1 July 2026, 1 July 2027, 1 July 2028, 1 July 2029, 1 July 2030, 1 July 2031, 1 July 2032, 1 July 2033, 1 July 2034 & 1 July 2035 – 7% of the Lessee’s Turnover for that Financial Year Each new Rent is payable as a lump sum on the relevant Rent Review Item 1.6
Rent Review Dates. During the Term: 1ST JULY 2006 ____________________________ 20__ 1ST JULY 2007 ____________________________ 20__ ________ 20__ During the Further Terms: 1ST JULY 2008 ____________________________ 20__ 1ST JULY 2009 ____________________________ 20__ 1ST JULY 2010 ____________________________ 20__ 1ST JULY 2011 ____________________________ 20__ ________ 20__ ____________________________ 20__
Rent Review Dates. Annually from the commencement date
