Rental payments and adjustments. All Tenants pay an annual base rent which is subject to CPI indexation or an annual fixed upward adjustment of 2 percent. The tenant AB Xxxxxx Xxxx is to pay a rent surcharges related to property tax and utility costs such as heating, cooling, ventilation, water and sewage. Other tenants pay property tax in addition to rent but have own subscriptions in respect of utility costs.
Rental payments and adjustments. The total rent for 2017 is estimated to approximately SEK 95.2 million on a full year basis. The base rent is adjusted annually per 1 January with on average 90% of the changes in the Swedish CPI. If the index value decreases, the rent shall not fall below the base rent amount. The base index for the lease agreements relating to the Nyköping Property is the index values of the Swedish CPI per October 2007 and October 2010, respectively, the base index for the lease agreements relating to the Norrköping Property, is the index values of the Swedish CPI per October 2011, October 2006 and October 2005, respectively, and the base index for the lease agreement relating to the Jönköping Property is the index value of the Swedish CPI per October 2016. The rent is invoiced and paid quarterly in advance regarding the Nyköping Property and the Norrköping Property, and monthly in advance regarding the Jönköping Property.
Rental payments and adjustments. The yearly rent for 2016 is estimated to approximately SEK 45,433,000. The base rent for both leases is adjusted annually per 1 January with 100 % in accordance with the changes in the Swedish CPI. The base index for both Lease Agreements is 313.55, which equals the base index of July 2013. The rent is invoiced and paid quarterly in advance by the Tenant. The Tenant will be entitled to an one time rental discount during 2016 amounting to SEK 9,000,000 excluding VAT. The rental discount will, however, in full, be covered by the Vendor.
