REVISION OF RENT. A. On December 1, 2020, and annually thereafter, Ready Car Parking Area Rent, Common Area Rent and Overflow Parking Rent, if applicable, shall be automatically adjusted in proportion to changes in the Consumer Price Index for Los Angeles-Long Beach-Anaheim (All Urban Consumers - All Items) promulgated by the Bureau of Labor Statistics of the U.S. Department of Labor. This adjustment shall be calculated by means of the following formula: X = A x B/C Where: X = Adjusted Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent A = Prevailing Ready Car Parking Area Rent, Common Area Rent or Overflow Parking Rent B = Monthly index for the fourth month prior to the month in which each rent adjustment is to become effective C = Monthly index for the month in which this Lease is signed by COUNTY and thereafter on each successive anniversary of the date the Lease was signed. In the event that the CPI ceases to use 1982-84 = 100 as the basis of calculation, or if, in COUNTY's sole judgment, a substantial change is made in the method used by the federal government to determine the CPI or the items used to calculate the CPI, then the CPI shall be converted to the figure that would have been calculated at (or as close to such figure as shall be practical) had the manner of calculating the CPI in effect at the date of this Lease not been altered. In the event that the Consumer Price Index is not issued or published for the period for which such MAG Rent, Ready Car Parking Area Rent, Overflow Parking Area Rent is to be adjusted and computed hereunder, or in the event that the Bureau of Labor Statistics of the United States Department of Labor should cease to publish said index figures, then any similar index published by any other branch or department of the United States Government selected by COUNTY shall be used and if none is so published, then another index generally recognized as authoritative shall be substituted by COUNTY. Notwithstanding the foregoing, in no event shall the Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent be reduced by any such adjustment.
REVISION OF RENT. Section 4.02(A) shall be deleted and replaced with the following:
REVISION OF RENT. The Lessor and the Lessee may revise the rent upon consultation between both parties if any of the following events occurs.
REVISION OF RENT. The Rent shall be revised annually on each anniversary date of the Lease Commencement Date during the Term at an increase of 2.5% per annum on the immediately preceding Rent.
REVISION OF RENT. 1. The Landlord may revise the Rent upon consultation with the Tenant every two (2) years starting from the date of commencement of the term of the lease.
REVISION OF RENT. 10.1 The owner shall not increase the rent before two years from the day on which a new tenant occupies the house.
REVISION OF RENT. 5.1.1 ADPC shall revise the Rent for year of the Term applicable from each anniversary of the Term Commencement Date in accordance with the table set out at Schedule 6.
REVISION OF RENT. LESSEE: Xxxxx Xxxx X’Xxxx and Xxxxx Xxx Xxxxxx X’Xxxx, Trustees of the X’Xxxx Family Trust Under Trust Agreement Dated June 21, 2001 LAND, TYPE, AND LOCATION:
