TERM AND BASE RENT Sample Clauses

The 'Term and Base Rent' clause defines the duration of the lease agreement and establishes the amount of rent the tenant is required to pay during that period. Typically, it specifies the start and end dates of the lease, as well as the schedule and amount of base rent payments, which may be fixed or subject to periodic increases. This clause ensures both parties are clear on the financial and temporal commitments of the lease, reducing the risk of disputes over payment obligations or lease duration.
TERM AND BASE RENT. This lease shall be for a term of eleven (11) years commencing January 1, 2020, at an annual rental of One Thousand Dollars ($1,000.00), payable in advance, in annual installments. The first installment shall be due thirty (30) days after the signing of this lease. After the term of this lease, this lease shall be automatically renewed annually for additional one-year terms unless either the City or ▇▇▇▇▇ elect not to renew this lease by giving sixty (60) days prior written notice to the other party.
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TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (Goldberg Brothers Real Estate LLC, 7 Rantoul Street, Suite 100 B, Be▇▇▇▇▇, ▇assachusetts, 01915) or to ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇rd may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the GOLDBERG BROTHERS REAL ESTATE LLC. Tenant's revised Lease ▇▇▇▇ ▇▇ for a four year three month period commencing April 1, 2008 and expiring June 30th 2012. Tenant shall pay Landlord a MINIMUM base rent of ONE MILLION EIGHT HUNDRED AND EIGHT THOUSAND EIGHT HUNDRED AND EIGHTY EIGHT DOLLARS AND 45/00 CENTS ($1,808,888.45) payable in monthly installments as follows; Monthly Annually ---------- ------------- 04/01/08 - 06/30/08 $33,991.41 $ 101,998.23 07/01/08 - 06/30/09 $33,999.41 $ 407,992.94 07/01/09 - 06/30/10 $35,019.39 $ 420,232.71 3.00% Increase 07/01/10 - 06/30/11 $36,069.97 $ 432,839.69 3.00% Increase 07/01/11 - 06/30/12 $37,152.07 $ 445,824.88 3.00% Increase Total Lease Term Base Rent: $1,808,888.45 In addition to the above base rent the Tenant covenants and agrees to pay Landlord all other sums and additional rents that may become due as set forth in this lease. All Base Rent shall be due on the first day of each month in advance. If this lease shall commence on any day other than the first day of the month, then that month's Base Rent shall be pro-rated so all future monthly rents will be due on the first of the month. Tenant shall immediately pay to Landlord a penalty of One Hundred ($100.00) Dollars each time that Tenant issues and delivers to Landlord a check or draft that is not honored for any reason or returned for insufficient funds by Tenant's financial institution. If Tenant does not pay this penalty and replace said "bounced check" within Ten (10) days of written notification from Landlord then such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. Should Landlord not receive Tenant's monthly rental payment "IN HAND" on or before the 10th day of the month, then Tenant shall pay to Landlord as additional rent, a late penalty fee of Five Hundred ($500.00) dollars. If Tenant does not pay this late fee and past due rent within Ten (10) days after Tenant's receipt of written notification from Landlord, such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. 3. TO DELETE CLAUSE 3. ...
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TERM AND BASE RENT. Effective October 1, 1994, Tenant agrees to pay a Base Rent during the remainder of the term of the Lease on the following rent schedule: Months Monthly Base Rent 10/1/94 - 3/31/97 $27,501.43
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TERM AND BASE RENT. NOTWITHSTANDING ANYTHING IN THIS LEASE TO THE CONTRARY, TENANT SHALL BE BOUND AND OBLIGATED PURSUANT TO THE TERMS, CONDITIONS AND RENTAL OBLIGATIONS OF THE EXISTING LEASES BETWEEN LANDLORD AND TENANT DATED OCTOBER 13, 1995 AND APRIL 14, 1998 THROUGH JANUARY 31ST 2001, WITHOUT LIMITATION, TENANT'S EXISTING OVERAGE OBLIGATIONS THROUGH JANUARY 31ST 2001 SHALL SURVIVE THE COMMENCEMENT DATE OF THIS LEASE. SUCH LEASES SHALL BE DEEMED TO TERMINATE ON JANUARY 31ST, 2001. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (▇▇▇▇▇▇▇▇ Brothers Trust, ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the ▇▇▇▇▇▇▇▇ Brothers Trust. Tenant's lease term is for the period commencing September 12th 2000 and expiring June 30th 2005 (the "Lease Term"). It is expressly understood and agreed the following schedule identifies rental suites, annual base rental rates (as herein provided, through January 31, 2005, or for storage space, through June 30, 2005), square footage, lease commencement dates and lease expiration dates and shall govern Tenant's lease obligations. Lease Commencement Lease Unit Square footage Date Exp. Date Rent PSF F-101 (a) 1,656 Sq. Ft. 09/12/00 06/30/05 $15.45 PSF F-103 (b) 1,350 Sq. Ft. 01/01/01 06/30/05 $15.45 PSF F-104 3,301 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF T-301 10,051 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF S-201 10,051 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF B-101 1,200 Sq. Ft. 02/01/01 06/30/05 $6.41 PSF BB-101 203 Sq. Ft. 02/01/01 06/30/05 $6.41 PSF (a) Tenant shall be renting F-101 as of September 12th 2000. Pursuant to the terms of this Lease, Landlord at Landlord's expense shall install new carpet, and cove base and paint all existing previously painted surfaces within this (F-101) office suite. All other work to prepare this (F-101) office suite for Tenant shall be at Tenant's expense. (b) Tenant shall be renting F-103 as of January 1st 2001. Suite F-103 is currently occupied by Wholesale Printing. Wholesale Printing has provided Landlord written notice that Wholesale Printing shall vacate F-103 as of September 30th 2000. If Wholesale Printing fails to vacate on or before September 30th 2000, Landlord shall immediately take all reasonable steps in a continuous fashion to legally evict Wholesale Printing from Suite F-103. Tenant understands and agrees this ma...
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TERM AND BASE RENT. TO HAVE AND TO HOLD the Premises together with all appurtenant rights and privileges, unto Tenant for a term of 60 months, commencing on the day of April 1, 1992, and terminating ________ on the 31 day of March, 1997 (hereinafter called the "Term"), Tenant to pay during the Term a monthly minium rent ("Minimum Rent") of _________________________ Dollars ($18,749.81) payable in advance on the first day of each calendar month or any extension or renewal thereof; provided, that said commencement and termination dates are specifically subject to the provisions of Article 4 hereof. In the event of any fractional calendar month. Tenant shall pay for each day in such partial month a rental equal to 1/30 of said base rent. The monthly base rent together with any additional rent payable hereunder, shall be paid in advance without demand on the first of each month during the Lease Term to Landlord's Agent at its office at United Properties Brokerager and Management Company, NW 9044, P.O. Box 1450, Minneapolis, ▇▇ ▇▇▇▇▇, ▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ as tenant shall be advised to use by Landlord.
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TERM AND BASE RENT. This Lease shall be effective as of the date of execution by both Parties; provided, however, the initial term shall be for five (5) years and shall commence on the date LESSEE exercises the option “Commencement Date,” at which time rental payments shall commence and be due. The initial term and all extensions shall be collectively referred to herein as the “Term.” ▇▇▇▇▇▇ agrees to pay ▇▇▇▇▇▇ a monthly sum of Dollars ($ ) (“Rent”), in advance on the first day of each month of the Term or to such other person, firm or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph below. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer, and in such event, ▇▇▇▇▇▇ agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. The Commencement Date shall be the first day of the month in which notice of the exercise of the option, as set forth above, is effective. However, ▇▇▇▇▇▇ and ▇▇▇▇▇▇ acknowledge and agree that initial rental payment(s) shall not actually be sent by ▇▇▇▇▇▇ until thirty (30) days after the exercise of the option is effective. [DISCUSS WITH ▇▇▇▇▇▇ IF WANTS TO MAKE ITS PUBLIC SAFETY AND OTHER FACILITIES ON TOWER AT NO CHARGE]
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TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord’s mailing address (G▇▇▇▇▇▇▇ Brothers Real Estate LLC, 7 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the G▇▇▇▇▇▇▇ Brothers Real Estate LLC. Tenant’s lease term is for a seven year period commencing July 1, 2010 and expiring June 30th 2017. Tenant shall pay Landlord a MINIMUM base rent of Two Million One Hundred and Sixty One Thousand One Hundred and Eighty Five U.S. Dollars ($2,161,185.93) and Ninety-Three Cents payable in monthly installments as follows; Monthly Annually 07/01/10 - 06/30/11 $ 25,017.70 $ 300,212.40 07/01/11 - 06/30/12 $ 25,017.70 $ 300,212.40 07/01/12 - 06/30/13 $ 25,017.70 $ 300,212.40 07/01/13 - 06/30/14 $ 25,017.70 $ 300,212.40 07/01/14 - 06/30/15 $ 25,017.70 $ 300,212.40 07/01/15 - 06/30/16 $ 27,533.08 $ 330,396.97 07/01/16 - 06/30/17 $ 27,533.08 $ 330,396.97 Lease Term Total Base Rent: $ 2,161,185.93 Tenant’s rental payment was determined as follows: Sq Ft Type Rent PSF Mo. Rent Yearly Rent 20,102 office $ 13.4930 $ 22,603.02 $ 271,236.29 1,262 Computer $ 13.4930 $ 1,419.01 $ 17,028.17 1,403 Storage $ 8.5160 $ 995.67 $ 11,948.00 $ 25,017.70 $ 300,212.40 However, Landlord expressly agrees, Tenant’s monthly base rental payment for the June 1 2017 – June 30, 2017 period shall be reduced by Seventeen ($17,000.00) Thousand Dollars. In addition to the above base rental obligations, Tenant on the first of each month for the period July 1, 2010 – December 31, 2010 shall pay Landlord as additional rent for the use of the 8,957+/- square feet of first floor office space within Office Suites F-101, F-102, F-103 and F-104 a total Sixty Thousand Four Hundred and Twenty Eight ($60,428.40) dollars and Forty Cents payable in monthly installments of Ten Thousand Seventy One dollars ($10,071.40) and Forty Cents. Notwithstanding the above, should Landlord during the rental period of 7/1/10 – 12/31/10 lease any of these first floor office suites to a third party, then Tenant’s rental obligations to Landlord shall be reduced by same amount of rental payment Landlord receives from the third party Tenant(s) for this 7/1/10 – 12/31/10 rental period less Landlord’s actual out of pocket monetary payments to third parties for real estate commission and or legal costs (transactional costs) to lease these office suites. All ...
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TERM AND BASE RENT. The Tenant agrees to pay Base Rent during the remainder of the term of the Lease on the following rent schedule: Months Monthly 4/1/93 to 7/31/93 $18,749.81 8/1/93 to 2/28/94 $25,525.68 3/1/94 to 3/31/94 $0.00 4/1/94 to 3/31/97 $25,525.68
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Related to TERM AND BASE RENT

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Annual Base Rent Section 5.1 Effective as of the Effective Date, the first sentence of Section 5.1 of the Lease shall be deemed modified and restated in its entirety as follows: "During the Initial Term Tenant agrees to pay to Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Three Million Eight Hundred Thousand and 00/100 Dollars ($3,800,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). Notwithstanding the foregoing, provided that Tenant is not then in default under this Lease beyond any applicable period set forth in this Lease within which the default may be cured, Tenant shall be entitled to an aggregate credit of $1,000,000 to be applied in twelve (12) equal monthly installments of $83,333.33 against the monthly installments of Annual Base Rent due hereunder for the second through thirteenth calendar months of the Initial Term (the "FREE RENT PERIOD"); it being further agreed, however, that if Tenant is in default under this Lease beyond any applicable cure period, then (a) any credit not given Tenant during the period of such default shall only be suspended and shall be given to Tenant, and carried forward if not capable of immediately being used in its entirety until capable of being so used in its entirety, upon any subsequent cure by Tenant of such default and any other then existing default(s) by Tenant under this Lease, and (b) Tenant shall further be entitled to all monthly installments of such credit otherwise to be applied, pursuant to the terms hereof, after such subsequent cure(s). Notwithstanding anything to the contrary in this Lease, if there shall be Net Distributable Cash for the Free Rent Period, but calculated for this purpose only without reference to any additional rent payable pursuant to this sentence, then Tenant shall pay an amount (such amount, the "FREE RENT MAKE-UP") equal to the lesser of (1) the amount of the $1,000,000 credit set forth above actually applied against Annual Base Rent as provided above, whether such application against Annual Base Rent was made during the Free Rent Period or subsequent thereto (i.e., if any portion of such credit is so applied after the Free Rent Period pursuant to either or both of the preceding clauses (a) and (b)) or (2)