Fixed Monthly Rent Clause Samples
The Fixed Monthly Rent clause establishes a set amount that the tenant must pay to the landlord each month for the use of the leased premises. This clause specifies the exact dollar amount due, the payment schedule (such as due on the first of each month), and may outline acceptable payment methods. By clearly defining the rent obligation, this clause ensures predictability for both parties and helps prevent disputes over payment amounts or timing.
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Fixed Monthly Rent. For the use and occupancy of the Premises, Tenant shall pay Landlord the Fixed Monthly Rent, in advance and without demand, commencing on the Commencement Date and continuing on the first day of each calendar month thereafter during the Lease Term, without any offset or deduction except as specifically provided for herein. The Fixed Monthly Rent in effect immediately prior to the Increase Date shall increase by the Increase Percentage on each Increase Date. Should the Lease Term commence on a day other than the first day of a calendar month, then the rental for such first fractional month shall be computed on a daily basis for the period from the Commencement Date to the end of such Sterling Master Form Lease 11/07/00 calendar month at an amount equal to 1/30th of the Fixed Monthly Rent for each day. Should the Lease Term end on a day other than the last day of a calendar month, then the rental for such fractional month shall be computed on a daily basis at an amount equal to 1/30th of the Fixed Monthly Rent for each day. Tenant shall pay Landlord the Fixed Monthly Rent in lawful money of the United States at the address for Landlord set forth in the Fundamental Lease Provisions, or to such other persons or at such other places as Landlord ma)' designate in writing to Tenant. Landlord and Tenant acknowledge that the Premises Cost computation on Exhibit "E" is an estimate, and agree to supplement and/or amend Exhibit "E" after the Premises Cost is actually determined. Landlord and Tenant shall retroactively adjust the Fixed Monthly Rental payments once the computation of Exhibit "E" has been finalized. In the event the cost of developing and constructing the Premises, including the Building and related improvements, increases as a result of a change in the Plans and Specifications requested by Tenant or an unforeseen event or circumstance beyond the control of the parties hereto, such increase in cost shall, at the option of Tenant, (i) be paid by Tenant; or (ii) be added to the Premises Cost and Fixed Monthly Rent shall be adjusted accordingly; provided, however, that if the additional cost of developing and constructing the Premises is due to the gross negligence or willful misconduct of Landlord, then Tenant shall have no liability therefor and the Premises Cost and Fixed Monthly Rent shall not be increased as a result thereof, such cost being the sole responsibility of Landlord.
Fixed Monthly Rent. Tenant shall pay the Fixed Monthly Rent as follows: through $ through $ through $ through $ Notwithstanding the foregoing, Tenant shall be permitted to defer one hundred percent (100%) of the Fixed Monthly Rent due for the second (2nd), third (3rd), and fourth (4th) full calendar months of the initial Term (collectively, the amount of Fixed Monthly Rent deferred shall be referred to herein as the “Rent Deferral Amount”). So long as Tenant has not committed a material default during the Term, which material default continues after the expiration of any notice and cure period, the entire Rent Deferral Amount shall be abated and forgiven as of the Termination Date; provided, however, that if Tenant does commit a material default during the Term, and if such material default continues after the expiration of any notice and cure periods, then, regardless of whether such material default is thereafter cured, (a) Tenant shall pay to Landlord upon demand the entire Rent Deferral Amount due for the months of the Term prior to the occurrence of such material default, and (b) Tenant shall not be entitled to any additional or future deferral of Fixed Monthly Rent. If Tenant does not commit any such material default during the first two (2) years of the initial Term, then Tenant shall thereafter be relieved of any obligation to repay any Rent Deferral Amount. Encino Terrace / Research Solutions, Inc. / MK / December 29, 2016 ____ ____ ____ ____ Initial Initial Initial Initial
3. Since the Commencement Date is other than the first day of the month, the first billing will contain a pro rata adjustment. Each billing thereafter, with the exception of the final billing, shall be for the full amount of the Fixed Monthly Rent as provided for in the Lease.
4. Tenant acknowledges and agrees that Landlord has completed the Improvements for which Landlord was obligated under the Lease to Tenant’s satisfaction, and, as of the Commencement Date, the Premises were in good order and repair.
5. Tenant hereby represents and warrants that Tenant is a duly formed and existing entity qualified to do business in California and that Tenant has full right and authority to execute and deliver this Memorandum and that each person signing on behalf of Tenant is authorized to do so.
6. Failure by Tenant to execute and deliver this Memorandum to Landlord within five (5) business days after receipt hereof shall constitute an acknowledgement by Tenant that the statements included in this Memorandum...
Fixed Monthly Rent. 11% of the Premises Cost (as detailed on Exhibit "E") divided by twelve, subject to proration as provided in Section 2.3, which for Lease Years 1- 5 shall be Twenty-three Thousand Eight Hundred Seventy-four and 58/lOO Dollars ($23,874.58) per month ($286,495.00 per annum).
Fixed Monthly Rent. Tenant agrees to pay to Landlord at the offices of Landlord, or at such other place designated by Landlord, without any prior demand therefor and without any deduction or set-off whatsoever, fixed monthly rent in accordance with the following schedule: MONTH OF LEASE TERM: FIXED MONTHLY RENT: -------------------- ------------------ Months 01-02, inclusive: $18,981.51 Months 03-60, inclusive: $21,639.76 Months 60-120, inclusive: $21,639.76 (each monthly installment sometimes referred to herein as "fixed monthly rent"), payable in advance upon the first day of each calendar month during the term hereof. The monthly installment shall be deemed to have been paid upon such first day only if actually received by such first day. If the term shall commence or terminate upon a day other than the first (or in the case of termination the last) day of a calendar month, Tenant shall pay, upon the Term Commencement Date, and on the first day of the last calendar month, a pro rata portion of the fixed monthly rent for the first and last fractional calendar month, respectively, prorated on a per diem basis with respect to such fractional calendar month.
Fixed Monthly Rent. Section 4.1 Tenant agrees to pay to Landlord during the Initial Term, in addition to the Additional Rent to be paid by Tenant hereunder, a fixed monthly rent (the "Fixed Monthly Rent") in the amount of $30,000.00 per month ($360,000 per annum).
Section 4.2 The Fixed Monthly Rent and Additional Rent payable by Tenant to Landlord under the terms of this lease shall be paid at the office of Landlord set forth above, or at such other place or to such other person as Landlord may from time to time designate by notice to Tenant. The Fixed Monthly Rent shall be paid on the first day of each and every month during the term hereof in lawful money of the United States which shall be legal tender for the payment of all debts and dues, public and private, at the time of payment without set-off, abatement or diminution, except as otherwise expressly provided in this Lease. To the extent this Lease commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month the Rent shall be commensurately prorated.
Fixed Monthly Rent. Tenant agrees to pay to Landlord at the offices of Landlord, or at such other place designated by Landlord, without any prior demand therefor and without any deduction or set-off whatsoever, fixed monthly rent in accordance with the following schedule: MONTH OF INITIAL TERM: FIXED MONTHLY RENT: ---------------------- ------------------- Term Commencement Date through the day prior to the Delivery Date of the Expansion Premises: $12,788.96 Delivery Date through the end of the initial term of this Lease, inclusive: $25,878.34 (sometimes referred to herein as "Fixed Monthly Rent"), payable in advance upon the first day of each calendar month during the term hereof. The monthly installment shall be deemed to have been paid upon such first day only if actually received by such first day. If the term or payment of rent shall commence or terminate upon a day other than the first (or in the case of termination the last) day of a calendar month, Tenant shall pay, upon the Term Commencement Date or the date payment of rent shall commence, and on the first day of the last calendar month, a pro rata portion of the Fixed Monthly Rent for the first and last fractional calendar month, respectively, prorated on a per diem basis with respect to such fractional calendar month(s).
Fixed Monthly Rent. Two Thousand Five Hundred ($2,500) Dollars (or higher TBD by RFP), adjusted up annually by 3%, or;
Fixed Monthly Rent. The Landlord shall charge, and the Tenant shall pay on the 1st of each month via internet banking, a monthly rent of $2,940.83. This monthly rent covers the use of space as enumerated on Schedules A and B, as well as a weekly cleaning (floors and emptying of waste receptacles) of the Tenant's Dedicated Space.
Fixed Monthly Rent. Period Monthly Annual S.F. 06/01/97 - 12/31/97 $4,163.00 $49,956.00= $12.00/s.f. 01/01/98 - 12/31/98 $4,856.83 $58,282.00= $14.00/s.f. 01/01/99 - 12/31/99 $5,550.67 $66,608.00= $16.00/s.f. 01/01/00 - 12/31/00 $6,244.50 $74,934.00= $18.00/s.f.
Fixed Monthly Rent. Lessee shall pay to Lessor the rental of Five Thousand One Hundred Forty-Six Dollars ($5,146.00) per month for the Leased Premises ("Base Rent") plus sales tax and other taxes and payments as set out in this agreement for the first five (5) years of the term. During the second five (5) years of the term, the Base Rent shall be increased by the percentage of increase (if any) in the U.S. Department of Labor Consumer Price Index during the previous five (5) years of the term. Likewise, the Base Rent for the third five (5) years of the term shall be increased by the percentage of increase (if any) in the U.S. Department of Labor Consumer Price Index during the previous five (5) years of the term. This Bureau of Labor Statistics Index was 161.2 for September 1997 for all urban consumers. Each month's Base Rent plus any additional rent is payable in advance and without demand on or before the tenth (10th) of the month during which it is due. Lessee covenants and agrees to pay Base Rent and to perform each and every other covenant and condition under this lease. All rental payments will be made to THE HILTON COMPANY, at P.O. ▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ such other person or places as Lessor may from time to time designate in writing. All of said payments shall be made without any set off or deduction whatsoever, and shall be made without further notice or demand and without abatement, deduction or set off. In addition to the Base Rent as herein provided, all taxes (excise, sales, use, etc.) levied or assessed upon the Base Rent of the Leased Premises shall be paid by Lessee, if not billed directly to Lessee in the month that they become due, simultaneously with the payment of each month's Base Rent. All occupational, special, license fees, franchise fees, or the like will also be paid by Lessee, as well as all real and/or personal property taxes assessed upon the Leased Premises. Real property taxes are to be pro rated from January 1, 1998, with Lessor paying all taxes accruing prior thereto and Lessee paying all taxes accruing on or subsequent