Triple Net. (a) The rent specified in this Lease shall be “triple net” to Landlord in each year, during the Term and any extension or modification thereof and the parties hereto intend that Landlord shall receive all Fixed Rent and all Additional Rent payable hereunder free and clear of any and all liability or responsibility of Landlord for impositions, taxes, liens, charges or expenses, offsets, or similar deductions of any nature whatsoever.
(b) Tenant shall pay all costs, expenses and damage which are attributable to Tenant or the ownership, use or possession of the Premises and which, except for the execution of this Lease, would have been chargeable against the Premises or otherwise payable by the Landlord and Tenant shall indemnify and hold Landlord harmless against such expenses and obligations. Tenant shall pay, or cause to be paid all utility services rendered or furnished to the Premises, including but not limited to heat, water, gas, air-conditioning and electric, and shall pay or cause to be paid all fire protection, security protection, sewer treatment facilities, sanitation, janitorial, landscaping, snow and garbage removal, and the like, together with all taxes levied or other charges on such utilities. Tenant will be responsible for assuring that all billing statements for all utilities will be mailed directly to Tenant for payment.
(c) Tenant understands and agrees that, except as provided otherwise herein, Landlord is to have no obligation whatsoever under this Lease or otherwise in respect of the repair, operation, maintenance and/or replacement of the Premises or for the quality or compliance with applicable law of its construction (or in either case, the lack thereof) with all such obligations being those of the Tenant, at its sole cost and expense. Except as specifically and expressly set forth in this Lease, Landlord is to furnish no improvements, equipment or fixtures of any kind, either on or to the interior or on or to the exterior of the Premises. It is agreed between the parties, that anything not expressly set forth herein which must be done in, on or to the Premises in order to make the same ready for Tenant’s business, will be done and accomplished by Tenant at its own cost and expense. The intent of the parties is that this Lease be “triple net” with no expenditures required by Landlord in connection with Tenant’s use, operation or maintenance of the Premises.
(d) Notwithstanding the foregoing, Landlord may perform such repairs and/or ...
Triple Net. Each lease shall be a “pure” triple net lease in which the Developer will incur no additional operating expenses whatsoever, except for certain capital costs specified in the lease.
Triple Net. The Outlet Lease remains a triple net lease.
Triple Net. The annual base rent as set forth above, shall be ---------- absolutely net to Landlord during the original term and during the Renewal Term, and all costs, expenses and obligations of any nature whatsoever relating to the Demised Premises or any improvements thereon which may arise or become due during the term and Renewal Term of the Lease, shall be paid by Tenant, even if they are not expressly set out as Tenant's obligations in subsequent sections of this Lease.
Triple Net. In addition to Basic Annual Rent, Tenant shall pay Additional Rent as set forth in Section 2.2 (as applicable).
Triple Net. It is the intention and agreement of the parties that this Lease shall in all respects be a triple net lease (“Triple Net”) whereby the Tenant agrees to pay all real estate taxes, building insurance, as well as maintenance on the Lease Premises in addition to the Base Rent of each Suite as set forth in Section 3.1 herein and any normal costs that are expected under this Lease.
(a) Triple net shall be estimated annually and reconciled to actuals on the first (1st) day of March of each year beginning March 1st, 2021. The Triple Net for year 2020 is estimated at six dollars and forty-seven cents per square foot ($6.47/SF), totaling $27,821 annually and shall be paid monthly in the amount of $2,318.42 per month together with the Base Rent.
Triple Net. Payment arrangement where Tenant pays all expenses including, but not limited to, real estate taxes, building insurance, and maintenance.
Triple Net. Nothing herein shall be so construed to affect the obligations of Tenant to pay Common Area Maintenance, Real Estate Taxes and other amounts due under the Lease, all of which, together with Base Rent, are deemed Rent. Notwithstanding the foregoing, the Tenant shall not have to pay any Additional Rent for the period April 1, 2011 through June 30, 2011.
Triple Net. LEASE AGREEMENT
Triple Net. As additional Rent, Tenant shall pay to Landlord on the first of each month with payment of Tenant’s base Rent one-twelfth of Tenant’s Pro Rata Share of Operating Costs.
