Rental Increase. If Tenant assigns its interest in this Lease or sublets the Premises, other than in the case of a Permitted Assignment, the Minimum Annual Rental then payable by Tenant shall be increased, effective as of the date of such Assignment, to the greater of (a) an amount equal to the total of the Minimum
Rental Increase. The Monthly Base Rent shall be increased on the anniversary of the Lease Commencement Date of each year during the Term hereof, beginning in 1994, by three percent (3%) of the Monthly Base Rent for the month immediately proceeding.
Rental Increase. The rent cannot be increased during the term of this agreement. Any request by the customer for a top-up or extension of the services/inclusions referred to in Item 13 will be covered and paid for under a separate contract and will not be treated as a rental variation under this agreement. Rental bond: $ 1560.00 As detailed in Item 6.2.
Rental Increase. 1. During the first 5 years of the initial lease term, the minimum monthly base rent shall be adjusted a fixed 6% increase on 01/01/99 and 01/01/01. On 01/01/02 and on each second anniversary during the second 5 years of the initial term, and of each option term exercised by tenant, the rent shall be changed as follows:
(a) On each second anniversary (every other year) of commencement date thereafter, the monthly rent payable under paragraph 1.03 of the attached Lease shall be adjusted by the increase, if any, from 01/01/01, or the most recent available index at the time i the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for Urban Wage Earners and Clerical Workers, Los Angeles-Long Beach-Anaheim, California (1967=100), "All Items", herein referred to as "C.P.I.".
(b) the monthly rent payable in accordance with paragraph (a) of this Addendum shall be calculated as follows: the rent payable for the first month of the term of this Lease, as set forth in paragraph 1.03 of the attached Lease, shall be multiplied by a fraction the numerator of which shall be the C.P.I. of the calendar month during which the adjustment is to take effect, and the denominator of which shall be the C.P.I. for the calendar month 01/01/01. The sum so calculated shall constitute the new monthly rent hereunder, but in no event, shall such adjustment be more than a five (5%) percent per annum, increase over the rent for the month immediately preceding the date for rent adjustment.
(c) Pending receipt of the required C.P.I. and determination of the actual adjustment, Tenant shall pay an estimated adjusted rental, as reasonably determined by landlord by reference to the then available C.P.I. information. Upon notification of the actual adjustment after publication of the required C.P.I., any overpayment shall be credited against the next installment of rent due, and any underpayment shall be immediately due and payable by Tenant. Landlord's failure to request payment of an estimate for actual rent adjustment shall not constitute a waiver of the right to any adjustment provided for in the Lease or this Addendum.
(d) In the event the compilation and/or publication of the C.P.I. shall be transferred to any other governmental department of bureau or agency or shall be discontinued then the index most nearly the same as the C.P.I. shall be used to make such calculation. In the event that Landlord and Tenant cannot agree on such alternative index, then t...
Rental Increase. Shall be on each anniversary date of this lease as provided in paragraph 30 hereof.
Rental Increase. The Base Rent shall be increased on the first day of the thirteenth (13th) month and the first day of the twenty-fifth (25th) month of the term hereof (the "Adjustment Dates") as described herein. If the Index, as defined below, most recently published prior to the Adjustment Date (the Adjustment Date Index') has increased over the Beginning Index, as defined below, the Base Rent shall be increased by multiplying the Base Rent set forth in Paragraph 4 above by a fraction, the numerator of which is the Adjustment Date Index, and the denominator of which is the Beginning Index; provided, however, that the increase in Base Rent at any Adjustment Date shall not be less than the equivalent of a four percent (4%) per year increase, nor greater than the equivalent of an eight percent (8%) per year increase. The Index, as used herein, shall mean the Consumer Price Index for All Urban Consumers - All Items (base year 1982-1984 = 100) for San Francisco-Oakland-San Xxxx published by the United States Department of Labor, Bureau of Labor Statistics. The Beginning Index shall mean the Index which is most recently published prior to the Commencement Date.
Rental Increase. Annual rental for each additional five (5) year term shall be equal to one hundred five percent (105%) of the annual rental payable with respect to the immediately preceding five (5) year term.
Rental Increase. Twelve (12) months after the execution date hereinabove, and every twelve months thereafter, FSS will determine if a rent increase is justified, and will inform the Locker Rental Owner of said increase, at which time the Locker Rental Owner will have 15 days to decide to continue the contract or terminate.
Rental Increase. If an Assignment occurs, the Base Rent shall be increased, effective as of the date of the Assignment, to the greater of (a) an amount equal to the total of the applicable Base Rent due (for each remaining lease period set forth in Section 1.8) plus Percentage Rent required to be paid by Tenant during the twelve (12)-month period immediately preceding the request for Landlord’s consent to the Assignment, (b) Base Rent specified in Section 1.8, adjusted in accordance with the provisions of Section 21.7 of this Lease relating to percentage adjustments in the “Index” (as defined in Section 21.7), or (c) a sum equal to the then fair market rental value of the Premises, agreed upon by Landlord and Tenant. If Landlord and Tenant are unable to agree upon the then fair market rental value of the Premises, then the fair market rental value may be determined by a qualified independent appraiser chosen by Landlord and reasonably approved by Tenant. Thereafter, Base Rent shall be increased proportionately in accordance with the periodic adjustments to Base Rent as set forth in Section 1.8.
