Annual Base Rent definition

Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

Annual Base Rent means the Initial Base Rent, as it may be adjusted annually as provided in Section 4.2.

Annual Base Rent means the annual rent set out in section 1.1(f) or (g) and payable by the Tenant as set forth in section 4.1(a).

Examples of Annual Base Rent in a sentence

• Landlord shall have the same remedies for a default in the payment of Additional Rent as for a default in the payment of Annual Base Rent.

• All such amounts and charges shall be payable to Landlord at the place where the Annual Base Rent is payable.

• See the following example of a scheduled Market Adjustment for a 50,000 square foot lease, at a 6% lease rate with two different appraisal values: Lessor Appraisal = $6.50 per square foot Lessee Appraisal = $6.10 per square foot Land Value= $6.30 per square foot New Annual Base Rent = $6.30 x 50,000 (or applicable square footage) x 6% (or applicable Lease Rate) = $18,900.

• In addition, if the Annual Base Rent is increased as provided in Section 4.5, then the Base Rent Escalator shall continue to apply to each of the five (5) years following such increase, with the increase effective on the anniversary of the increase in Base Rent as provided in Section 4.5 in lieu of increases on January of each year.

• Upon Tenant paying the Annual Base Rent and Additional Rent and performing all of Tenant's obligations under this Lease, Tenant may peacefully and quietly enjoy the Premises during the Term as against all persons or entities lawfully claiming by or through Landlord; subject, however, to the provisions of this Lease and to the rights of Landlord's Mortgagee.

More Definitions of Annual Base Rent

Annual Base Rent means the Business’ annual lease payment minus taxes, insurance, and operating or maintenance expenses.

Annual Base Rent means the business’s annual lease payment minus taxes, insurance and oper- ating or maintenance expenses.

Annual Base Rent. As defined in the Basic Lease Provisions. ----------------

Annual Base Rent means the initial amount of Thousand Dollars ($ ) and thereafter such amount as shall be determined in accordance with Section 4.3.

Annual Base Rent. As set forth in Section 3.2.

Annual Base Rent make tax fund payments to Landlord. “Tax fund payments” refer to such payments as Landlord shall reasonably determine from time to time to be sufficient to provide in the aggregate a fund adequate to pay, when they become due and payable, all payments required from Tenant under this Section. In the event that tax fund payments are so demanded, and if the aggregate of said tax fund payments is not adequate to pay Tenant's share of such taxes, Tenant shall pay to Landlord the amount by which such aggregate is less than the amount of said share, such payment to be due and payable at the time set forth above. Any surplus tax fund payments shall be accounted for to Tenant after any such surplus has been determined, and may be credited by Landlord against future tax fund payments or refunded to Tenant at Landlord's option. If during the term of this Lease or any extension thereof, a tax or excise on rents or other tax (excluding income tax), however described, shall be levied or assessed against Landlord by the Commonwealth of Massachusetts or any political subdivision thereof on account of the rental hereunder, such tax or excise on rents or other taxes assessed on the land and buildings of which the Premises form a part shall be deemed to constitute Real Estate Taxes for the purposes of this Section. It is also understood and agreed that the term Real Estate Taxes includes betterments and improvement assessments, provided, however, that Landlord shall for the purposes of this Section, be deemed to have elected to pay any such assessments over the longest period of time permitted by law (whether or not Landlord in fact makes such election), and only those installments which are or would be payable with respect to the tax years which are included in the term of this Lease or any extension thereof (with interest which is or would be payable thereon) shall be included in the Real Estate Taxes for said tax years for the purposes hereof. In the event the taxing authorities shall, during the term of this Lease, or any extension thereof, assess along with Real Estate Taxes, a personal property tax on Tenant's trade fixtures, leasehold improvements, furnishings, lighting fixtures, heating and cooling equipment, or other equipment in the Premises, the Building or elsewhere on the Property, whether or not such are owned and or installed by Landlord, the taxes thus assessed shall be paid by Tenant to the taxing authority when due or, if such taxes shall be billed by the t...

Annual Base Rent means One Hundred Fourteen Thousand Two Hundred and Twelve and 50/100 Dollars ($114,212.50), which amount is subject to adjustment pursuant to Section 4.2 below.