Annual Base Rent definition

Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.
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Annual Base Rent means the Initial Base Rent, as it may be adjusted annually as provided in Section 4.2.
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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).
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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.

  • 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.

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

  • 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. “Annual Base Rent” means the Business’ annual lease payment minus taxes, insurance, and operating or maintenance expenses.
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Annual Base Rent means the business’s annual lease payment minus taxes, insurance and oper- ating or maintenance expenses.
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Annual Base Rent. As defined in the Basic Lease Provisions. ----------------
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Annual Base Rent. See Section 3.1
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Annual Base Rent means the initial amount of Thousand Dollars ($ ) and thereafter such amount as shall be determined in accordance with Section 4.3.
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Annual Base Rent make Operating Fund Payments to Landlord. "Operating Fund Payments" shall refer to such payments as Landlord shall 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 Lease, including, without limitation, Landlord’s Costs. In the event that Landlord determines at any time and from time to time that the amount then set for the payment of Operating Fund Payments will not be adequate to pay all payments required from Tenant under this Lease, Landlord may increase the amount of subsequent Operating Fund Payments as applicable and Tenant shall pay the Operating Fund Payments as so adjusted. Landlord shall, deliver to Tenant an annual statement (the "Landlord's Annual Statement") of Landlord's Costs and Operating Fund Payments for the immediately preceding calendar year. Landlord's Annual Statement shall be delivered to Tenant as soon as reasonably practical after Landlord's compilation of the required information. Upon Tenant's receipt of Landlord's Annual Statement, either (a) Tenant shall pay to Landlord the amount by which Landlord's Costs exceed the Operating Fund Payments for the applicable calendar year or (b) Landlord shall account to Tenant for the amount by which the Operating Fund Payments exceed Landlord's Costs for the applicable calendar year (which excess amount may be credited by Landlord against future Operating Fund Payments or refunded to Tenant at Landlord's option). Provided Tenant is not then in default and is current with all payments required under this Lease (including, without limitation, all Operating Fund Payments), Tenant shall have the right to request that Landlord make available to Tenant and allow Tenant to copy such information as is reasonably available to Landlord and reasonably necessary for the purpose of allowing Tenant to verify the information contained in Landlord's Annual Statement ("Annual Statement Information"). If Landlord does not receive such Tenant request within thirty (30) days after providing Tenant with Landlord's Annual Statement, then Tenant's right to receive any Annual Statement Information and to contest Landlord's Annual Statement shall be deemed waived. If Tenant's request for the Annual Statement Information is timely received by Landlord, then within 30 days after Landlord's receipt of Tenant's request, the Annual Statement Information shall be made available to Tenant at Landlo...
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Annual Base Rent shall have the meaning ascribed to such term in Section 4.1 hereof.
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