RENTAL ADJUSTMENTS definition
RENTAL ADJUSTMENTS means an amount equal to the product obtained by multiplying the Tenant Area by the quotient derived by dividing the Excess Cost by the Total Rentable Area.
RENTAL ADJUSTMENTS means all the rent described in Section II of this Lease.
RENTAL ADJUSTMENTS. The base monthly rental shown in Paragraph 1.5 herein, shall be increased as follows: On December 1, 1995 to $8,438.00 On December 1, 1996 to $8,838.00 On December 1, 1997 to $9,338.00
Examples of RENTAL ADJUSTMENTS in a sentence
Xxxxx Title: Chairman and President Date: October 31, 1997 ATTEST: ------------------------------ EXHIBIT A INCREASED RENTAL ADJUSTMENTS The minimum rent shall be subject to adjustment for increases in the Consumer Price Index for all Urban Consumers (CPI-U), U.S. City Average, 1982-84+100 hereinafter called CPI, as released by the Southeastern Regional Office of the Bureau of Labor Statistics in Atlanta, Georgia.
RENTAL ADJUSTMENTS: Applicant understands that the Maximum Allowable Rental Rates and Utility Allowances are reviewed by the appropriate agencies and adjusted to reflect changes in the Area Median Income and utility costs for the area.
More Definitions of RENTAL ADJUSTMENTS
RENTAL ADJUSTMENTS. Commencing twelve (12) months following the Commencement Date, the Basic Rent shall be One Hundred Sixty-Two Thousand Two Dollars ($162,002.00) per month. Commencing twenty-four (24) months following the Commencement Date, the Basic Rent shall be One Hundred Sixty-Eight Thousand Seven Hundred Fifty-Three Dollars ($168,753.00) per month. Commencing thirty-six (36) months following the Commencement Date, the Basic Rent shall be One Hundred Seventy-Five Thousand Five Hundred Three Dollars ($175,503.00) per month. Commencing forty-eight (48) months following the Commencement Date, the Basic Rent shall be One Hundred Eighty-Two Thousand Two Hundred Fifty-Three Dollars ($182,253.00) per month. Commencing sixty (60) months following the Commencement Date, the Basic Rent shall be One Hundred Eighty-Nine Thousand Three Dollars ($189,003.00) per month. Commencing seventy-two (72) months following the Commencement Date, the Basic Rent shall be One Hundred Ninety-Five Thousand Seven Hundred Fifty-Three Dollars ($195,753.00) per month.
RENTAL ADJUSTMENTS. Commencing twelve (12) months following the Commencement Date, the Basic Rent shall be Seventeen Thousand Nine Hundred Four Dollars ($17,904.00) per month. Commencing twenty-four (24) months following the Commencement Date, the Basic Rent shall be Eighteen Thousand Six Hundred Thirty-Two Dollars ($18,632.00) per month. 1 3
RENTAL ADJUSTMENTS. The Lessee's "pro rata" share shall be deemed to be equal to eighteen point twenty one percent (18.21%) of the total rentable area of the Structure. It is understood and agreed that the rental amount shown in Section 1.03 (a) is based on the estimated cost of the building and inclusive of an estimated cost for utilities, taxes, insurance and janitorial services.
(a) Since the monthly rental amount in Section 1.03 (a) includes an estimate of cost for utilities (electricity, gas, water, garbage and sewer), taxes, insurance, general janitorial services 3 times per week, window cleaning 4 times per year and trash disposal. Lessor will reconcile the actual expenses for such services with the estimated expenses included in the monthly rental amount on an annual basis and refund to Lessee it “pro rata” share of any excess amounts (actual expenses less than estimated expenses).
1. In the first year, defined as the base year, the estimated expenses, as stated above, for the first year will be the base year expenses. This base year actual expense will be substituted in the first year rental rate for the estimated expenses. Each year thereafter, the expenses will be compared to the previous year’s expenses to determine any over or under collections. Lessee agrees to pay as additional rent its “pro rata” share of the actual expense in excess of the estimated expenses included in the monthly rental amount. Any additional amounts owed by Lessee will be due to Lessor within 30 days after presentation of the reconciliation by Lessor to Lessee.
(b) Lessee shall be solely and exclusively responsible for payment of all taxes assessed against any property owned or used by or for the Lessee within, upon or about the demised premises or installed by Lessee within or upon the demised premises or arising out of the conduct and operation of Lessee’s business upon or about the demised premises.
(c) Lessor will maintain the building in good functioning condition. Lessee will maintain all consumable items, i.e. light bulbs and HVAC filters, and maintenance work caused by use, such as clogged drains and paint touch up.
(d) No cost for parking will be assessed during the lease or any subsequent leases. Lessor has provided for four (4) parking spaces per 1,000 square feet of leased space.
(e) Lessor shall have the right to assess Lessee its “pro rata” share for any major maintenance of and for repaving of the parking area. Any amount over $5,000 due by the Lessee needs prior approval by...
RENTAL ADJUSTMENTS. Commencing on the first day of the thirteenth (13th) month of the Lease Term, the Basic Rent shall be Six Thousand Three Hundred Five Dollars ($6,305.00) per month. Commencing on the first day of the twenty-fifth (25th) month of the Lease Term, the Basic Rent shall be Six Thousand Four Hundred Seventy-Five Dollars ($6,475.00) per month.
RENTAL ADJUSTMENTS. Commencing twelve (12) months following the Commencement Date, the Basic Rent shall be Forty-Nine Thousand Seven Hundred Eighty-Three Dollars ($49,783.00) per month. Commencing twenty-four (24) months following the Commencement Date, the Basic Rent shall be Fifty-One Thousand Three Hundred Ninety-Five Dollars ($51,395.00) per month. Commencing thirty-six (36) months following the Commencement Date, the Basic Rent shall be Fifty-Two Thousand Eight Hundred Six Dollars ($52,806.00) per month. Commencing forty-eight (48) months following the Commencement Date, the Basic Rent shall be Fifty-Four Thousand Four Hundred Nineteen Dollars ($54,419.00) per month.
RENTAL ADJUSTMENTS or a similar term is used in this Lease, it shall include the estimated Rental Adjustments and additional rent payments provided for in this Section.