Rent Abatement means a reduction in the Base Rent due under the Lease by reason of the Tenant's or the Owner's exercise of the right under the Lease to xxxxx rent in the event of Condemnation.
Rent Abatement means an agreement by the Company and a tenant to suspend rent payments for a period of time without corresponding repayment of the suspended payments;
Rent Abatement. Provided that Tenant is not in material breach of the Lease, and no amount of Adjusted Rental is then past due, the Basic Rental shall xxxxx and be deemed timely paid by Tenant for the eighteenth (18th) month and thirty-sixth (36th) month of the lease Term (collectively the “Rent Abatement Months”). Notwithstanding any other term or condition of this Lease, Tenant need not pay Landlord any Basic Rental for the Rent Abatement Months.
Examples of Rent Abatement in a sentence
Rent abatement or Lease Contract termination does not apply if delay is for cleaning or repairs that don't prevent you from occupying the apartment.
More Definitions of Rent Abatement
Rent Abatement. If all or any part of the Premises are damaged by fire or other casualty and this Lease is not terminated as hereinabove provided, Monthly Base Rental shall abatx xxx that part of the Premise which are untenantable on a per diem and proportionate area basis from the date three (3) business days after the date of the fire or other casualty causing such damage until such time as Landlord has substantially completed the repair and restoration work in the Premises which it is required to perform, provided, that as a result of such fire or other casualty, Tenant does not occupy the portion of the Premises which are untenantable during such period.
Rent Abatement shall have the meaning set forth in Section 4.2 hereof.
Rent Abatement means the Base Rent that would otherwise have been due pursuant to Section 32 from the Commencement Date through March 14, 2000. For example, if the Lease commences on November 15, 1999, the abatement of Rent would equal $360,000.00 (3 months multiplied by $80,000.00 + 1 month multiplied by $120,000.00 = $360,000.00).
Rent Abatement means that the City will not pay rent (in this case, base rent) for a specified period of time.
Rent Abatement has the meaning ascribed in Paragraph 4.4 8
Rent Abatement means a reduction of rent owed by Tenant pursuant to Section 3.1 and further described in Exhibit I.
Rent Abatement. Notwithstanding anything to the contrary herein, the Monthly Base Rent as specified above for the Suite 300 Premises shall be abated by fifty percent (50%) in each of the 1st , 2nd , 13th , 14th , 25th and 26th full calendar months following the Suite 350 Premises Commencement Date, to the extent such abatement months occur prior to February 28, 2019 (and if not, then such abated months shall be the last months of the Term). Tenant’s Percentage Share for Suite 300 Premises: 2.75% Base Year for Suite 300 Premises: The calendar year immediately following the Suite 300 Premises Actual Delivery Date