Basic Annual Rent definition

Basic Annual Rent. $888,000 ($1.48 per month per square foot of Rentable Area), subject to adjustment pursuant to Sections 4.1, 6.1 and 8.2
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Basic Annual Rent as defined in Article 3. BUILDING - as defined in Section 1.1.
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Basic Annual Rent. For all of the Demised Premises: (60,056 sq. ft.) x ($1.8567 per sq. ft.) x (12 months) = $1,338,047.68."
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Examples of Basic Annual Rent in a sentence

  • Nothing contained in this Part IV shall be construed at any time so as to reduce the monthly installments of Basic Annual Rent payable hereunder below the amount set forth in Section 3.1 of this Lease.

  • Landlord shall have the same remedies in the case of a default in the payment of said other sums of money as are available to Landlord in the case of a default in the payment of one or more installments of Basic Annual Rent.

  • Said Basic Annual Rent shall be due and payable in twelve (12) equal monthly installments to be paid in advance on or before the first day of each calendar month during the term of the Lease.

  • In such case, the Basic Annual Rent shall be reduced proportionately based on the portion of the Premises so taken.

  • Tenant shall also pay as rental (in addition to the Basic Annual Rent) all other sums of money as shall become due and payable by Tenant to Landlord under this Lease.


More Definitions of Basic Annual Rent

Basic Annual Rent means the payments referenced in Subparagraph 3.1(a);
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Basic Annual Rent. Initially, $19.65 per rentable square foot of the Leased Premises, subject to annual increases as provided in this Lease.
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Basic Annual Rent. Initially, Twenty-Eight and 75/100 dollars ($28.75) per Rentable Square Foot of the Leased Premises (subject to increase if Tenant elects to obtain a Tenant Improvement Allowance Increase), subject to annual increases at the Escalation Rate.
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Basic Annual Rent means “Fixed Rent” herein and to “Building Expenses” and “Taxes” payable shall mean “Escalation Rent” herein.
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Basic Annual Rent. Months 1-12: $93,640.00 per annual ($40.00 rsf) Months 13-24: $95,981.00 per annual ($41.00 rsf) Months 25-36: $98,322.00 per annual ($42.00 rsf) Months 37-48: $100,663.00 per annual ($43.00 rsf) Months 49-60: $103,004.00 per annual ($44.00 rsf)
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Basic Annual Rent in the amounts and for the periods set forth below: Basic Annual Monthly Rent Installments ---------------- ----------------- February 1, 1996-January 31, 2001 $39,856.70 $3,321.39 February 1, 2001-January 31, 2006 $46,909.20 $3,909.10 without any deductions or set-offs, and without demand, in advance on the first (1st) day of each and every month for which payment is applicable (e.g., April's rent is due on or before April 1) during the Lease Term.
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Basic Annual Rent. Effective December 1, 1999, Basic Annual Rent shall be $447,976.92.
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