Net Rental Clause Samples
Net Rental. Subtenant shall pay or reimburse Sublandlord for Subtenant’s Share of all costs and expenses of every kind and nature which may, at any time during the Sublease Term, be imposed on Sublandlord pursuant to the Master Lease for any reason, without deduction or setoff, including, but not limited to, Master Lease Additional Rent, as set forth above and all other amounts payable by Sublandlord to Master Landlord under the Master Lease. Additionally, Subtenant shall pay or reimburse Sublandlord, without deduction or setoff, for (i) Subtenant’s Share of the costs and expenses which accrue after the Commencement Date arising from Sublandlord’s contract with a third-party vendor for the maintenance of the Building’s heating, ventilating and air-conditioning system and all amounts accruing during the Sublease Term and payable by Sublandlord to any person or entity in order to comply with Sublandlord’s obligations of any nature under the Master Lease or this Sublease with respect to the Building, the services provided by Sublandlord hereunder and the maintenance and repair responsibilities of Sublandlord under the Master Lease and this Sublease (collectively, “Sublandlord Operating Expenses”), and (ii) all costs and expenses incurred by Sublandlord as a result of Subtenant’s failure to timely comply with its obligations under this Sublease. Subtenant shall also be responsible to pay directly for the cost of all personal property taxes, all utilities and janitorial services for the Sublease Premises. To the extent that any Building services (including, without limitation, maintenance and janitorial) are not provided to the Sublease Premises by Master Landlord under the Master Lease or specifically enumerated herein, Subtenant acknowledges and agrees that obtaining and paying for such services are Subtenant’s sole responsibility (subject to the terms and conditions of this Sublease and the Master Lease), and Sublandlord shall have no obligation with respect thereto (unless otherwise specifically set forth in this Sublease).
Net Rental. This is an absolutely net lease, and except as is otherwise expressly herein provided, all taxes, utilities, costs of improvements, maintenance, repairs, alterations, additions, replacements, and insurance relating to the Demised Premises shall be at the sole cost and expense of Tenant; and Landlord shall not be obligated to make any improvements, repairs, alterations, additions, or replacements whatsoever to the Demised Premises. Throughout the term of this Lease Tenant, at Tenant’s own cost and expense, shall keep the Improvements, and all appurtenances thereunto belonging, in good and safe condition, order, and repair; and Tenant shall conform to and comply with all valid ordinances, regulations or laws (federal, state or municipal) affecting the Demised Premises, and Tenant shall be responsible for all penalties, damages, or charges imposed or incurred for any violation by Tenant of such ordinances, regulations, or laws whether occasioned by the neglect of Tenant or by Tenant’s agent, contractor, or licensee then upon or using the Demised Premises. Tenant shall also be responsible for any and all costs arising out of any accident or other occurrence causing injury to or death of persons, or damage to property, due to the condition of the Demised Premises, or of any buildings or other Improvements now or hereafter situated thereon, or the fixtures or personal property thereon or therein, or due to the use or neglect thereof by Tenant or any other persons holding under Tenant. It is not Tenant’s intent, nor should this provision be construed otherwise, to waive Tenant’s governmental immunities against premises defects or any legal defenses to any suits or claims for damages.
Net Rental. Except as otherwise expressly provided in this Sublease, it is understood and agreed that the rent due under this Sublease is intended to be an absolutely net return to Sublessor for the Term, and that Sublessee will pay all costs and expenses relating to the occupancy and operation of the Demised Premises and the business carried on therein. Any amount of obligation relating to the Demised Premises that is not expressly declared (under this Sublease) to be that Sublessor will be deemed to be an obligation Sublessee to be performed by Sublessee, at Sublessee’s expense.
Net Rental. It is the purpose and intent of the Landlord and Tenant that the Rent shall be absolutely net to Landlord, so that this Lease shall yield, net, to Landlord, the Base Rent and any other Rent specified in this Lease, in each year during the term of this Lease. Except as otherwise provided in this Lease, the Tenant agrees to pay the Base Rent and any and all other costs, expenses, taxes, imposts and charges whether ordinary or extraordinary, foreseen or unforeseen, in connection with the Premises leased hereunder, and in connection with the operation of the Tenant’s business at the Premises and the maintenance and repair of the Premises and of the furnishings and equipment thereon. The Landlord shall not be required to furnish any services or facilities or to make any repairs or Alterations in or to the Premises, Tenant hereby assuming the full and sole responsibility for the condition, operation, repair, replacement, and maintenance of the Premises unless otherwise specified in this Lease.
Net Rental. Sublessee shall be responsible for Sublessee's Proportionate share of all costs and expenses of every kind and nature which may be imposed, at any time, on Sublessor pursuant to the Master Lease (except for Base Rent, as defined in the Master Lease) including, but not limited to, additional rent, Operating Expenses, Utilities and Real Estate Taxes, all as defined in the Master Lease. As hereinafter used, "Rent" shall include Base Rent and all additional charges to be paid by Sublessee pursuant to this Section 6.b.
Net Rental. Sublessee shall be responsible for one hundred (100%) percent of all costs and expenses of every kind and nature which may be imposed, at any time, on Sublessor pursuant to the Master Lease (except for Sublessor’s Base Rent, as defined in the Master Lease and charges arising out of any willful or negligent act or breach of the Master Lease or the Consent by Sublessor) including, but not limited to, Operating Costs, Landlord’s Expenses, Maintenance and Repairs, Utilities, Insurance and Taxes and Assessments, all as defined in the Master Lease (collectively, “Operating Expenses).
Net Rental. Sublessee shall be responsible for Sublessee's Share of all costs and expenses of every kind and nature which may be imposed, at any time, on Sublessor pursuant
Net Rental. Owner pays all costs associated The Owner will make all payments and perform all acts with house and land required in and about the land and the house, except as specifically provided in this Lease. The Owner will indemnify and save the Trust harmless from any of these expenses. This doesn’t apply to income, capital or similar taxes of the Trust.
Net Rental. 3.1 In consideration of the rental of the Leased Premises, the Tenant covenants and agrees to pay to the Landlord throughout the Term, the sum of CAD$16,615.66 per month, payable in advance on the first day of each month (the “Minimum Rent”) (as determined to be the market rental value of such property pursuant to the summary report attached hereto as Exhibit A). In the event that the first day or the last day of the Term is not the first or the last day of a calendar month, as the case may be, the Minimum Rent shall be calculated on a “per diem” basis for those months. All payments will be payable to the Landlord in Canadian Dollars, at its offices located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇; ▇▇▇▇-▇▇▇▇▇, ▇▇; ▇▇▇ ▇▇▇, or at any other location or to any other person that the Landlord may from time to time reasonably request in writing.
3.2 It is the intention of the parties and the Tenant acknowledges that the Minimum Rent is entirely “net” to the landlord, and the Tenant shall be responsible for all costs, charges or expenses of any kind whatsoever arising from or relating to the Leased Premises, the contents thereof or the business carried on therein or thereon and the Lessee shall pay all such costs, charges and expenses to the Landlord’s complete and entire exoneration. Any cost, charge or expense contemplated herein paid or payable by the Tenant and which is recovered by the Landlord under or in respect of any insurance policy, legal or contractual warranty or guaranty or claim for damages or indemnification against a third person shall be reimbursed to the Tenant.
3.3 In addition to the Minimum Rent, throughout the term, the Tenant shall pay the following:
(a) all real estate taxes, rates, duties, assessments and other charges that are levied, rated, charged or assessed against or in respect of the Leased Premises and all improvements, equipment and facilities of the Tenant on or in the Leased Premises or any part thereof;
(b) every tax and license fee which is levied, rated, charged or assessed against or in respect of every business carried on in the Leased Premises or in respect of the use or occupancy thereof or any part of the Leased Premises by the Tenant; and
(c) the full amount of any taxes in the nature of a business transfer tax, value added tax, sales tax or any other tax levied, rated, charged or assessed against the Landlord or the Tenant in respect of the Rent (as such term is defined hereunder) payable by the Tenant under this Lease or in respect of the ...
Net Rental. As of the Commencement Date, Sublessee shall be responsible for all costs and expenses of every kind and nature which may be imposed, at any time, on Sublessor pursuant to the Master Lease (except for Base Rent, defined in the Master Lease) including, but not limited to, additional rent, operating costs, and tax costs, all as required by the Master Lease. In addition, Sublessee shall pay Sublessor the portion of the Early Occupancy Fee equal to the Additional Rent for the month of December, 1998, as and when that Additional Rent is requested by Landlord pursuant to the Master Lease. As hereinafter used, "Rent" shall include Base Rent and a11 additional charges to be paid by Sublessee pursuant to this Section 5.b.