Fixed percentage increase Clause Samples

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Fixed percentage increase.ย If a percentage appears next to a Review Date, the Rent to be paid from the Review Date is the amount calculated by the following formula: ๐‘๐‘… = ๐‘‚๐‘… + (๐‘‚๐‘… ๐‘ฅ ๐‘ƒ) where:
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Fixed percentage increase.ย 9. Example 1. In this example, the fixed term tenancy is for three years and the rent is agreed at ยฃ300 per week for the first year with an option for the landlord to increase the rent by no more than 1.4% in each of the subsequent two years of the fixed term. The tenancy commences on 1 May 2020. If the landlord carries out a review and increases the rent by the maximum amount each year, the rent which will be payable each year will be (rounded to the nearest โ–‡โ–‡โ–‡โ–‡โ–‡): Year 1 (from 1 May 2020) Year 2 (from 1 May 2021) Year 3 (from 1 May 2022) ยฃ300 per week ยฃ300 x 1.014 = ยฃ304.20 per week ยฃ304.20 x 1.014% = ยฃ308.46 per week 10. Example 2. In this example, the fixed term tenancy is for three years and the rent is agreed at ยฃ300 per week for the first year with an option for the landlord to increase the rent by no more than 1.4% in each of the subsequent two years of the fixed term. The tenancy commences on 1 May 2020. However, at the start of the second year, the tenant faced some financial hardships and agreed with the landlord to a rent increase that year of 1% instead of the 1.4% initially agreed. In the final year of the tenancy, the landlord decides to increase the rent by the full 1.4
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Fixed percentage increase.ย If a percentage appears next to a Review Date, the Licence Fee to be paid from the Review Date is the amount calculated by the following formula: ๐‘ = ๐‘‚ + (๐‘‚ ๐‘ฅ ๐‘ƒ) where:
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Fixed percentage increase.ย On each anniversary of the commencement date, the rental provider may adjust the rent by per cent. per cent. The rental provider must provide the renter with written notice of the rent increase 60 days before the date the rent will increase.
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Fixed percentage increase.ย The Annual Rent when calculated on each Fixed Percentage Review Date (if any) will be determined in each such case pursuant to the following formula ("Fixed Percentage Increase Formula") namely: R = CR x P 100 Where: R = the adjusted Minimum Rent calculated on an annual basis payable from and including the relevant Fixed Percentage Review Date; and CR = The Minimum Rent payable calculated on an annual basis immediately prior to the relevant Fixed Percentage Review date. P = That figure or numeral specified of the Reference Schedule as numeral โ€œPโ€. On or before the relevant Fixed Percentage Review Date the Lessor is to notify the Lessee in writing ("Lessor's Notice") of the amount which the Lessor considers to be the new Rent for the Leased Premises from the Fixed Percentage Review Date and except in the case of manifest error on the part of the Lessor the amount so specified shall apply and be duly payable.
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Related to Fixed percentage increase

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................