Examples of Realty Taxes in a sentence
Prior to the commencement of each Lease Year, the Landlord shall estimate the amount of Operating Costs, Realty Taxes and other recurring Additional Rent for such Lease Year and notify the Tenant in writing of such estimate, providing reasonable details as to the breakdown and calculation thereof.
As soon as practicable after the expiration of each Lease Year, the Landlord shall make a final determination of Operating Costs, Realty Taxes and other estimated Additional Rent based on the actual costs incurred, and shall so notify the Tenant, providing reasonable details as to the breakdown and calculation.
The amount so estimated shall be payable in equal monthly instalments in advance on the first of each and every month over the Lease Year or, in the case of Realty Taxes, such shorter period such that the Landlord will have in its hands an amount sufficient to pay each instalment.