Ground Rent Sample Clauses
The Ground Rent clause defines the tenant's obligation to pay a regular fee to the landlord for the use of the land on which a property is situated, separate from any rent for buildings or improvements. Typically, this fee is paid annually or semi-annually and is common in long-term lease arrangements, such as those for leasehold properties. The clause ensures that the landlord receives compensation for the continued use of their land, even if the tenant owns or maintains the structures on it, thereby clarifying financial responsibilities and preventing disputes over land use payments.
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Ground Rent. All rent and other payments and charges due under the Ground Leases with respect to the year in which the Closing occurs shall be adjusted and prorated between Buyer and Seller as of the Closing.
Ground Rent. In the event that Lessor’s interest in the Land is pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.
Ground Rent. Provided this Lease is not terminated in accordance with the provisions of this Lease, Tenant shall pay monthly rent, without deduction, set-off, prior notice or demand, in the amount of One Thousand Dollars ($1,000.00) ("Ground Rent"). All Ground Rent shall be due and payable on the first day of each calendar month throughout the Term and any extension thereof. Ground Rent for any partial month shall be apportioned pro rata based on the actual number of days elapsed. All Ground Rent shall be paid to Landlord at the address to which notices to Landlord are given. Ground Rent payments will be credited toward the Purchase Price should Tenant elect to exercise the Purchase Option set forth in Section 16.
Ground Rent. During the term of the Ground Lease, the Stadium Authority will pay to the City, as ground rent (“Ground Rent”), the sum of (i) Fixed Ground Rent, (ii) any Performance-Based Rent and (iii) any SA Excess Revenue Payment, in accordance with the following:
Ground Rent. The Ground Rent and other periodic ----------- payments to be made by Developer as part of Developer's obligation under this Lease and the security deposit under subsection 16.1 shall, under the Subdivided Lease, bear substantially the same proportion to amounts provided in this Lease as the area of the Premises in the Subdivided Lease bears to the area of the Premises in this Lease. Provided, however, that if the fair market value of any land included in a Subdivided Lease is substantially greater or less than the balance of the land included in this Lease, then the Ground Rent may be appropriately varied between the Subdivided Lease and this Lease in order to take into account such variance in the fair market land value.
Ground Rent. The Ground Rent and other periodic ----------- payments to be made by Developer as part of Developer's obligation under the Single Lease shall be the sum of the Ground Rent and other periodic payments payable under the component Subdivided Leases;
Ground Rent. Third, in the case of a reletting, ----------- to pay to Landlord an amount equal to the Ground Rent and other payments payable to Landlord hereunder that Landlord would have received if this Lease had not been terminated;
Ground Rent. Buyer shall receive from Seller a credit for any rent and other charges under the Ground Lease accrued or payable on or before Closing that applies to any period prior to Closing but is unpaid as of Closing.
Ground Rent. During the Term, the Lessee covenants to pay to the Lessor, in lawful money of Canada, without any prior demand therefor and without any deduction, abatement or set-off whatsoever, the sum of $ 2.00 CAD (the “Ground Rent”) plus applicable HST. The Ground Rent shall be payable on or in advance of the first day of the respective year during the Term. Ground Rent shall be subject to annual increases as stipulated in the Town’s Fees and Charges By- law, as amended from time to time.
Ground Rent. Ground rent and all other amounts payable under the Ground Leases shall be prorated as of the applicable Adjustment Time. The Seller Parties will be credited with an amount equal to all security deposits, prepaid rentals and other deposits paid or deposited under any Ground Lease, together with any interest that has accrued thereon to the extent said deposits or prepaids have not been applied to outstanding obligations in accordance with the applicable Ground Lease.