Rent Abatement definition

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 ▇▇▇▇▇ rent in the event of Condemnation.

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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 ▇▇▇▇▇ 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

• Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this Lease.

• Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the Base Rent and perform the terms and conditions otherwise required under this Lease.

• Tenant acknowledges and agrees that during such Base Rent Abatement Period, such abatement of Base Rent for the Premises shall have no effect on the calculation of any future increases in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Base Rent Abatement.

• During the term of this Agreement, the Contractor will act as Rent Abatement Hearing Examiner in all matters assigned to him by the Rent Abatement Clerk.

• The City shall pay the Contractor within fifteen (15) days of Contractor submitting to the Rent Abatement Clerk a detailed statement of services performed and number of total minutes spent in performing such services.

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 abat▇ ▇▇▇ 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 oftime.

Rent Abatement has the meaning ascribed in Paragraph 4.4 8

Rent Abatement. Provided that Tenant is not in material breach of the Lease and no amount of Basic Rent is past due, the Rental shall be zero for the first three (3) months: February 2004, March 2004 and April 2004 (collectively the "Free Rent Months"). Notwithstanding any other term or condition of this Lease, Tenant need not pay Landlord any Adjusted Rental for the Free Rental Months. Landlord shall allow Tenant to occupy Premises upon completion of tenant improvements. Landlord as additional free rent shall treat any early occupation of Premises by Tenant prior to February 1, 2004.

Rent Abatement. Notwithstanding anything stated herein to the contrary, Tenant shall be entitled to an abatement of Rent in the amount of Thirty-two Thousand Five Hundred Dollars ($32,500.00) per month for two (2) consecutive full calendar months of the initial term, beginning on the Commencement Date and ending on February 28, 2003 (the “Rent Abatement Period”). The total amount of the Rent abated during the Rent Abatement Period shall be equal to Sixty-five thousand DollarsOne Hundred Sixty-five Thousand Five Hundred Dollars ($65,000.00165,500.00) (the “Abated Rent”). During the Rent Abatement Period, only rent shall be abated, and all additional rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions of this Lease.