Rent Free Period definition

Rent Free Period or Fit out Period”) for carrying out interior fit-out work. During the Fit-out Period the LESSEE shall not cause any damage to the Leased Premises, common area due to fit out construction activity (normal wear and tear excepted). In case of any damages due to the fit-out construction activity; the damages shall be assessed by both the parties jointly and the LESSEE shall fix all such damages at their cost.
Rent Free Period means the period starting on the Term Start Date and ending on the Rent Commencement Date, during which the rent referred to in Clause 3.2 is not payable and a rent of £1 (if asked only) is payable;]
Rent Free Period means the rent free period (if any) referred to in the Offer Letter.

Examples of Rent Free Period in a sentence

  • Annual Rent The initial annual rent will be [ ] POUNDS £[ ] (exclusive of any VAT properly chargeable on it) payable in advance by equal instalments as set out in the Lease [subject to the Rent Free Period].

  • Rent- Free Period: No rent free period will be provided to the Tenant Additional Rent/ Operating Expenses: The lease shall be entirely Net to the Landlord.

  • Notwithstanding the foregoing, if there is an Event of Default by the Tenant under this Lease at any time during the Term, then the entire Basic Rent otherwise due and payable for the Basic Rent Free Period shall become immediately due and payable by the Tenant.

  • The Basic Rent Free Period shall apply only during the initial Term of this Lease and the Tenant acknowledges and agrees that it shall not be entitled to any rent free periods during any renewal of this Lease or extension of the Term.

  • For greater certainty, the Tenant shall pay all other amounts payable pursuant to this Lease during the Basic Rent Free Period, including without limitation all Additional Rent.


More Definitions of Rent Free Period

Rent Free Period means the rent free period specified in Item 8 of the Third Schedule;
Rent Free Period has the meaning as stated in Clause 5.1.
Rent Free Period means a period contemplated in rule 17.04;
Rent Free Period means the period between the Lease Commencement Date and the Rent Commencement Date, which period shall be used by the Lessee to carry out the Lessee’s Improvements at the Premises in accordance with Clause 18;
Rent Free Period shall have the meaning ascribed to it in Clause 2.1.4.
Rent Free Period means any period in respect of which the renter has no liability to make one or more of the relevant payments which are to be taken into account under paragraph 6.
Rent Free Period means, in relation to the Initial Rent, the period: