Examples of Fair Market Value Rent in a sentence
The Leasing Plan will set forth a cost-effective program that (i) maximizes the visibility of available Residential Units and generates inquiries from prospective Sublessees; (ii) realizes maximum occupancy of Residential Units; and (iii) achieves Fair Market Value Rent for each offered Residential Unit.
Fair Market Value Rent for the Premises is comprised of two factors: a Residential Component based on an adjusted appraisal and a Productive Component based on the Gross Revenue derived from Commercial Activities.
Productive Component – Is a subset of the Fair Market Value Rent for use of the farmstead.
The Residential Component of Fair Market Value Rent is payable in twelve equal monthly installments due the first day of each month, and the Lessee may prepay this amount up to one year in advance.
To determine the Fair Market Value Rent for Residential Units, Lessee shall prepare a rent survey subject to Lessor’s approval.