Rent Per Square Foot definition

Rent Per Square Foot means the sum of the then Fixed Rent, Escalation Rent and Electricity Additional Rent divided by the Space Factor.
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Rent Per Square Foot shall have the meaning set forth in Section 12.7 hereof.
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Rent Per Square Foot means the sum of the then Base Rent and Escalation Rent divided by the Premises Rentable Square Feet.
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Examples of Rent Per Square Foot in a sentence

  • If such option were exercised, "Square Feet" would equal 78,437, and "Annual Base Rent Per Square Foot" would remain unchanged.

  • Effective as of October 16, 2024, and continuing through to the New Expiration Date, the Base Rent payable by Tenant pursuant to this Section 3.01 of the Lease shall be as follows: Period Base Rent Per Square Foot Monthly Base Rent Annual Base Rent 10/16/2024 – 10/15/2025 $25.00 $93,233.33 $1,118,800.00 Prior to October 16, 2024, Tenant shall continue to pay to Landlord Base Rent in accordance with the terms of the Existing Lease.

  • Year (as defined in Section 1.04 of the Lease Agreement) of the Initial Term of this Lease shall be as follows: Lease Years Annual Rent Per Square Foot of Final Square Footage ----------- --------------------------------------------------- 1-3 $10.50 4-6 $12.00 7-10 $14.00 Tenant shall pay to Landlord the Fixed Minimum Rent for the first month of the term hereof upon Tenant's execution of this Lease.

  • If the as-built rentable square footage of the Building B-1 Premises is greater than or less than the rentable square footage stipulated in Section 1.1 hereof, the Minimum Annual Rent shall be adjusted, as appropriate, based on the Minimum Annual Rent Per Square Foot set forth in Section 2 hereof.

  • The amount of Rent, Rent Per Square Foot and Rent Payment Details are set out in Schedule 1.


More Definitions of Rent Per Square Foot

Rent Per Square Foot. The Basic Rent shall be Twenty Two and no/00 Dollars ($22.00) per square foot of the Leased Premises during the First Lease Year. For each Lease Year thereafter during the Term, the Rent per Square Foot of the Leased Premises shall be increased by three percent (3%) as provided for in this Lease.
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Rent Per Square Foot means the quotient obtained by dividing (x) the sum of the then Fixed Rent, Escalation Rent and Electricity Additional Rent, by (y) the Space Factor.
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Rent Per Square Foot means the sum of the then annual Basic Rent and any additional rent divided by the Space Factor.
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Rent Per Square Foot means the sum of the Fixed Rent and Recurring Additional Rent then payable hereunder divided by the total RSF of the Premises Portion in question;
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Rent Per Square Foot means the total Annual Base Rent (as adjusted pursuant to Article 6 of this Lease) for the Premises divided by the Usable Square Feet in the Premises.
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Rent Per Square Foot. Aggregate Annual Rent: Monthly Payment: June 1, 2016 – May 31, 2017 $6.50 $480,265.50 $40,022.12 June 1, 2017 – May 31, 2018 $7.00 $517,209.00 $43,100.75 June 1, 2018 – May 31, 2019 $7.50 $554,152.50 $46,179.38 June 1, 2019 – May 31, 2020 $7.50 $554,152.50 $46,179.38 June 1, 2020 – May 31, 2021 7.75 $572,624.25 $47,718.69
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Rent Per Square Foot. Eleven Dollars ($11.00) per square foot of Rentable Area during the first Lease Year. For each Lease Year (or part of a Lease Year) thereafter during the Term, the Rent per Square Foot shall be an amount equal to 102.15% of the Rent per Square Foot for the immediately preceding Lease Year.
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