Parking Rent definition
Examples of Parking Rent in a sentence
Resident agrees to pay monthly options rent in the following amounts for the following options: $«GarageParkingRent» Garage Rent, Carport / Parking Rent $«OptionalRentTotal», $«StorageRent» Storage Rent, $«PetRent» Pet Rent, $«WasherDryerRent» Washer & Dryer Rent, and $«OtherRent» Other Rent.
In the event the obligation to pay the Overflow Parking Rent begins or terminates on some other day other than the first or last day of the month, the fee shall be prorated to reflect the actual period of use based on a thirty (30) day month.
TENANT shall pay COUNTY the prior month’s Overflow Parking Rent in arrears, on or before the twentieth day of each month.
This adjustment shall be calculated by means of the following formula: Where: X = Adjusted Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent A = Prevailing Ready Car Parking Area Rent, Common Area Rent or Overflow Parking Rent B = Monthly index for the fourth month prior to the month in which each rent adjustment is to become effective C = Monthly index for the month in which this Lease is signed by COUNTY and thereafter on each successive anniversary of the date the Lease was signed.
The rental rate for Overflow Parking shall be fifty-five ($0.55) per month per square foot of Overflow Parking Rent assigned to Tenant in accordance with the provisions of Article III, LEASED PREMISES and is subject to annual adjustment pursuant to Section 4.02(A) REVISION OF RENT.
Notwithstanding the foregoing, in no event shall the Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent be reduced by any such adjustment.
TENANT shall submit on or before the first day of each month, payable monthly in advance, payment of Ready Car Parking Area Rent, Common Area Rent and Overflow Parking Rent as provided in Section 4.01 (RENT).
On December 1, 2020, and annually thereafter, Ready Car Parking Area Rent, Common Area Rent and Overflow Parking Rent, if applicable, shall be automatically adjusted in proportion to changes in the Consumer Price Index for Los Angeles-Long Beach-Anaheim (All Urban Consumers - All Items) promulgated by the Bureau of Labor Statistics of the U.S. Department of Labor.
Should this Lease be terminated during an annual period, or should the first Annual Period be other than a full calendar year, the applicable MAG, Ready Car Parking Area Rent, Common Area Rent, and Overflow Parking Rent shall be prorated on the basis of a three hundred sixty (360) day year.
A = Ready Car Parking Area Rent, Common Area Rent or Overflow Parking Rent identified in Section 4.01 (B)(C)(D) and thereafter the adjusted Ready Car Parking Area Rent, Common Area Rent or Overflow Parking Rent for the prior Annual Period.