Rent decrease definition

Rent decrease means an adjustment reducing rents pursuant to Section
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Rent decrease means an adjustment reducing rents pursuant to Section 15.20.090 of the Ordinance and this Chapter.
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Examples of Rent decrease in a sentence

  • Notwithstanding anything herein to the contrary, in no event will Basic Rent decrease from that payable in the last year of the immediately previous Lease Term as a result of the fair market rental rate determination provided for in this Paragraph 1.

  • Provided, however, in no event shall Base Rent decrease at each Adjustment Date below Base Rent then in effect or increase at each Adjustment Date more than three percent (3%) per year, based on the comparisons made at (i) and (ii) above.

  • In no event shall Base Rent decrease pursuant to the provisions of Section 3 or Section 4 of this Lease.

  • In no event will Monthly Base Rent decrease from that payable in the last year of the original Lease Term as a result of the fair market rental rate determination provided for in this Paragraph 41.

  • The Option Terms shall be upon the same terms, covenants and conditions as are set forth in this Lease, except that (a) Base Rent for the first year of the First Option Term and the Second Option Term shall be adjusted to the then-prevailing fair market rent as reasonably determined by Lessor; however, in no event shall Base Rent decrease below the last-current Base Rent; and (b) there shall be no further Option Terms provided.

  • In case of a Rent decrease, the adjustment will become effective the first day of the month following the change in circumstances giving rise to the adjustment, provided that ▇▇▇▇▇▇ has timely reported such change.

  • For greater certainty, Tenant is not entitled to any Gross Rent decrease and the Gross Rent will not in any manner be reduced or modified if during any Rental Year, Operating Expenses be lesser than Base Operating Expenses.

  • On each anniversary of the Rent Commencement Date, Supplemental Rent shall adjust to the Consumer Price Index Rate (provided that in no event shall Supplemental Rent decrease).

  • In no event, however, shall the adjusted Basic Rent decrease below the Basic Rental provided for in Paragraph 4A of the Lease or any subsequent adjustment hereof.

  • In no event shall the adjustment of Excess Direct Operating Expenses Rent decrease the amount of Basic Rent due and payable to Landlord under this Lease.

Related to Rent decrease

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.