Overhead Rent definition

Overhead Rent means Tenant’s proportionate share of Operating Expenses and Taxes, together with all applicable Florida state sales tax which shall be paid by Tenant to Landlord concurrently with payments of Base Rent, initiating on the Rent Commencement Date and continuing through the Lease Term, in accordance with the scheduled Base Rent contained in this Rider and as provided in Section 3(B). The estimated Operating Expense to be charged to Tenant during the initial calendar year of the Lease Term is $16.13 per square foot, subject, however, to annual reconciliation and, as applicable, adjustments each in successive Operating Year of the Lease Term pursuant to Section 3.B.

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Overhead Rent means the total of Tenant's allocated Share of Operating Expenses and Taxes.

Overhead Rent means the total of Tenant's allocated Share of Operating Expenses and Taxes. The Overhead Rent for the first calendar year hereunder, or portion thereof, shall be set at Four and 50/100 Dollars ($4.50) per square foot of Rentable Area ("Base Year Overhead Rent"). However, in no event shall the Tenant's Share of the Controllable Operating Expenses be increased by more than Eight Percent (8%) on an on-going cumulative basis from that charged to Tenant as part of Overhead Rent, for the immediately preceding calendar year. Increases in Operating Expenses

Examples of Overhead Rent in a sentence

• As used herein, "Overhead Rent" means the total of Tenant's allocated Share of Operating Expenses and Taxes.

• In addition to Base Rent and Overhead Rent, Tenant shall and hereby agrees to pay to Landlord each month a sum equal to any sales tax, tax on rentals and any other similar charges now existing or hereafter imposed, based upon the privilege of leasing the space leased hereunder or based upon the amount of rent collected therefor.

• Additionally, fees and assessments of the Association paid by the Landlord shall be deemed Operating Expenses for the purpose of determining Overhead Rent.

• The term "Rent" shall refer collectively to Base Rent, Overhead Rent and Additional Rent.

• Tenant shall pay to Landlord, concurrently with each such payment of Base Rent, Overhead Rent or such other charges hereunder, the amount of Sales Tax attributable to the payment being made to Landlord.

• If Tenant, with Landlord’s consent, occupies the Premises or any part thereof prior to the beginning of the Lease Term, all provisions of this Lease will be in full force and effect commencing upon such occupancy, except that Base Rent and Overhead Rent will be paid by Tenant commencing on the Rent Commencement Date.

• One-twelfth (1/12) of the estimated Overhead Rent shall be payable monthly, along with the monthly payment of the Base Rent.

• Should Tenant require additional janitorial services beyond those customarily provided by Landlord, Tenant may request same in writing from Landlord and if Landlord agrees to provide such services, Tenant will be billed for same by Landlord at a reasonable rate, as determined by Landlord, and those costs and expenses when billed will be Overhead Rent due under this Lease.

• Subsequent to the issuance of a ▇▇▇▇ for Taxes, Landlord shall give Notice of such Taxes to Tenant which Notice shall include a copy of such ▇▇▇▇, together with Landlord’s Statement for Taxes, and Tenant shall pay the Overhead Rent set forth on such Statement within thirty (30) days such Notice is given.

• In accordance with and subject to the terms and provisions of this Lease, Landlord warrants that it has full right to execute and to perform under this Lease and to grant the estate demised and that Tenant, upon Tenant’s payment of the required Base Rent, Overhead Rent and Additional Rent and performing of all of the terms, conditions, covenants, and agreements contained in this Lease, shall peaceably and quietly have, hold and enjoy the Premises during the full Lease Term.

More Definitions of Overhead Rent

Overhead Rent means the aggregate sum of (a) the total amount of Real

Overhead Rent means the aggregate sum of (a) the total amount of Real Estate Taxes that are in excess of the Real Estate Taxes for the Base Year, (b) the total amount of Operating Costs that are in excess of the Operating Costs for the Base Year, and (c) the total amount of Capital Costs that are in excess of the Capital Costs for the Base Year.