Gross Rent & Payment definition
Gross Rent & Payment. For the Term: based on $25.00 per square foot per annum, $29,325.00 per annum payable, in advance, on the 1st day of the month in equal monthly installments of $2,443.75 plus applicable HST. Gross Rent for any broken period, notably at the beginning of the Term, shall be the proportion of the Gross Annual Rent which the number of days in any such calendar month of the Term bears 365. Lease revenue to be allocated to Account No. 46110-792284.