Common use of Increases in Annual Rent Clause in Contracts

Increases in Annual Rent. At the beginning of each year after year one (1) of the Term. Annual Rent shall also be increased each year by two and one half percent (2.5%) of the previous year’s rent, with the increases to be effective with the monthly payment due in November. Such rental amounts for years 2 through 7 arc as follows: Year Beginning Annual Lease Amount Monthly Payment 11/01/2016 $ 102,500.00 $ 8,541.67 11/01/2017 $ 105,062.50 $ 8,755.21 11/01/2018 $ 107,689.06 $ 8,974.09 11/01/2019 $ 110,381.29 $ 9,198.44 11/01/2020 $ 113,140.82 $ 9,428,40 11/01/2021 $ 115,969.34 $ 9,664.11

Increases in Annual Rent. At the beginning of each year after year one (1) of the Term. , Annual Rent shall also be increased each year by two and one half percent (2.5%) of the previous year’s rent, with the increases to be effective with the monthly payment due in NovemberSeptember. Such rental amounts for years 2 through 7 arc are as follows: Year Beginning Annual Lease Amount Monthly Payment 11/01/2016 10/01/2017 $ 102,500.00 $ 8,541.67 11/01/2017 10/01/2018 $ 105,062.50 $ 8,755.21 11/01/2018 10/01/2019 $ 107,689.06 $ 8,974.09 11/01/2019 10/01/2020 $ 110,381.29 $ 9,198.44 11/01/2020 10/01/2021 $ 113,140.82 $ 9,428,40 11/01/2021 9,428.40 10/01/2022 $ 115,969.34 $ 9,664.11