Free Rent definition

Free Rent means the amount of base rent and tenant reimbursements that are abated according to the applicable lease agreement(s).
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Free Rent means the period at inception of a tenant's lease during which the tenant does not pay base rent and operating expenses, as provided for under the lease agreement.
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Free Rent. Landlord’s Work: Free Rent: Tenant shall receive an Allowance in the form of Free Rent for the first Four (4) months of the term of the Lease. Tenant shall pay CAM and Taxes during Free Rent period. Unit to be left in broom clean condition free of furniture, dirt, and debris.
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Examples of Free Rent in a sentence

  • Free Rent and Rental Abatements: A schedule of all free rent or rental abatement activity should be included in the monthly accounting package.

  • II.6. Free Rent: Please indicate any free rent in the space provided on the SAP form.

  • Upon the occurrence of any Default, the Free Rent Period shall immediately expire, and Tenant shall no longer be entitled to any further abatement of Base Rent pursuant to this Section.

  • Tenant shall pay a Modified Gross Rental Rate equal to $34.30 per RSF ($28.25 per RSF - net) for the first year following the expiration of the Free Rent Period with ninety cents ($0.90) per RSF annual increases throughout the remaining Lease Term.

  • However, solely in the event that Tenant occupies the Premises and commences the conduct of its business therein prior to the expiration of the Free Rent Period, then during such interim period until the end of the Free Rent Period Tenant shall pay Base Rent, Operating Expenses, and Real Estate Taxes at a rate equal to fifty percent (50%) of the amount thereof payable immediately following the Free Rent Period, provided the other aspects of the Master Project have been substantially completed.


More Definitions of Free Rent

Free Rent shall have the meaning set forth in Section 8.10(a) hereof.
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Free Rent. Credit. At Closing, Purchaser shall receive a credit to the Purchase Price in the amount equal to all unreimbursed costs due to tenants of the Properties for tenant improvements or abated rent in lieu of reimbursement for tenant improvement costs as well as all leasing commissions due brokers under the Leases all of which Sellers represent and warrant are identified in Exhibit E hereto to the extent due or existing as of the Closing Date.
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Free Rent as referenced below the Basic Rent table in Section 1.1 of the Lease shall be defined as follows:
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Free Rent means the Basic Rent and all Taxes and Operating Expenses that shall be abated (provided Tenant is not in default hereunder) from the Term Commencement Date through the Rent Commencement Date (the “Free Rent Period”). The Basic Rent, Taxes and Operating Expenses due for any partial calendar month immediately following the Free Rent Period shall be prorated based on the number of days in that month. In no event shall the Free Rent Period be deemed to reduce or eliminate Tenant’s obligation to pay any other amounts due hereunder other than Basic Rent, Taxes and Operating Expenses.
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Free Rent means a forgiveness of the Land Rent, as prorated on a daily basis for the period described.
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Free Rent means a forgiveness of the Land Rent, as prorated on a daily basis for the period described. Upon the completion of Landlord's Work, Landlord shall give Tenant written notice of such completion (the "Final Completion Notice"), and Tenant shall be deemed to have fully accepted Landlord's Work as satisfactorily completed in accordance with all requirements of this Leasehold Improvements Agreement and shall further be deemed to have waived any defects in Landlord's Work, except to the extent that:
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Free Rent. Lessee shall be granted months one and two of the lease term as free rent.
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