REDUCTION IN RENT Sample Clauses

The 'Reduction in Rent' clause allows for a temporary or permanent decrease in the rent payable by a tenant under certain specified circumstances, such as when the leased premises become partially unusable due to damage or repairs. Typically, this clause outlines the conditions under which rent may be reduced, the method for calculating the reduced amount, and the duration of the reduction. Its core practical function is to fairly allocate risk and financial responsibility between landlord and tenant when the tenant cannot fully use the property, ensuring that tenants are not required to pay full rent for premises they cannot fully enjoy.
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REDUCTION IN RENT. Subject to this Licence the Licensee must not without the written consent of the Licensor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent reserved or imposed by this Licence. However, if at any time during the Licence: some natural disaster or other serious event occurs which is beyond the reasonable control of the Licensee; and as a result of the damage caused by the natural disaster or other serious event, the Licensee is not able to use the Premises in a reasonable manner, the Licensee’s obligations to pay Rent will ▇▇▇▇▇ to the extent proportional to the effect on the Licensee’s ability to occupy and use the Premises until the Premises are restored to a condition in which the Licensee is able to conduct the Licensee’s activities and/or occupy the Premises in a reasonable manner.
REDUCTION IN RENT. If the tenant unit or any part is not suitable for use due to damage or destroy caused by fire disaster, severe weather, natural disaster, force majeure or other causes not directly or indirectly attributed to behavior or negligence of the Lessee, the rent shall be temporarily not paid proportionally as per damage nature or severity degree of the tenant unit till the tenant unit is repaired or recovered. If the Lessor regards that it’s not economical or suitable for practical operation, the Lessee is no obliged to repair the tenant unit or recover it to original state. If the tenant unit is completely or basically damaged or destroyed to the extent of not suitable for use, it’s not properly repaired or recovered to original state within six months after the damage, any party has the right to issue a written notice to the other party to terminate this agreement when the damage is properly repaired and the tenant unit is recovered to original state, without endangering one party’s rights and compensations relating to prior claims or violation of the Leasing Agreement to the other party, nor influencing the Lessor’s rights and compensation of relevant rent, management cost and other expenses payable under the Agreement.
REDUCTION IN RENT. Subject to this Licence the Licensee must not without the written consent of the Licensor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent reserved or imposed by this Licence. However, if at any time during the Licence: (a) some natural disaster or other serious event occurs which is beyond the reasonable control of the Licensee; and (b) as a result of the damage caused by the natural disaster or other serious event, the Licensee is not able to use the Premises in a reasonable manner, the Licensee’s obligations to pay Rent will ▇▇▇▇▇ to the extent proportional to the effect on the Licensee’s ability to occupy and use the Premises until the Premises are restored to a condition in which the Licensee is able to conduct the Licensee’s activities and/or occupy the Premises in a reasonable manner.
REDUCTION IN RENT. If the Premises, or any part of the Premises, are destroyed or damaged to the extent that the Tenant cannot use or have access to the Premises (except if the Tenant causes or contributes to the destruction or damage, or the Council's insurer is not legally required to reinstate the Premises because the Tenant caused or contributed to the destruction or damage) then the Council will reduce the Rent and any outgoings by a reasonable amount depending upon the nature and extent of destruction or damage until the Tenant can use or have access to the Premises.
REDUCTION IN RENT. Subject to this Lease the Lessee will not without the written consent of the Lessor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent required to be paid under this Lease. However, if at any time during the Lease: (a) some natural disaster or other serious event occurs which is beyond the reasonable control of the Lessee; and (b) as a result of the damage, the Lessee is not able to use the Premises in a reasonable manner, the Lessee’s obligations to pay Rent will ▇▇▇▇▇ to the extent proportional to the effect on the Lessee’s ability to occupy and use the Premises until the Premises are restored to a condition in which the Lessee is able to conduct the Lessee’s activities and/or occupy the Premises in a reasonable manner. 12 LESSEE TO PAY RATES 12.1 The Lessee will when the same become due for payment pay all (or in the first and last year of the Term the appropriate proportionate part) rates, taxes (including Land Tax), assessments, duties, charges and fees whether municipal, local government, parliamentary or otherwise which are at any time during the currency of this Lease separately assessed and lawfully charged upon, imposed or levied in respect of the Lessee's use or occupation of the Premises to the extent referable to the Lessee's use or occupation of the Premises. 12.2 The Lessee will if required by the Lessor produce to the Lessor evidence for such payments within 10 business days after the respective due dates for payment and in case such rates, taxes, duties and fees so covenanted to be paid by the Lessee are not paid when they become due the Lessor may if it thinks fit pay the same and any such sum so paid may be recovered by the Lessor from the Lessee.
REDUCTION IN RENT. 8.1 The Lessee will not be entitled to any reduction in rent for any impediment or nuisance in their enjoyment of the premises as a result of the Lessor having new construction, extensions or conversions built or maintaining or repairing the premises or the building otherwise. 8.2 The Lessor must inform the Lessee of the nature and scope of the work and when it is to be carried out.
REDUCTION IN RENT. The amount that the rent, during any part of the indemnity period, shall fall short of the standard rent that relates to the same period, as a result of insured damage.
REDUCTION IN RENT. If (A) the leaseable area of the Improvements is permanently reduced as a result of a Taking and (B) as a result of such reduction the total square footage permitted on the Property is less than the square footage of the Improvements existing immediately prior to such Taking, then the Rent shall be appropriately adjusted to reflect the revised number of square feet of leaseable area allowed to be constructed. For example, the Improvements existing immediately prior to the Taking contained 100,000 square feet, and such number was reduced by 10,000 square feet as a result of the Taking, Rent would be reduced by ten percent (10%). Any reduction in Rent hereunder shall be effective as of the date of the Taking.
REDUCTION IN RENT. Notwithstanding the above, in the event Sublessee exercises the Contraction Option set forth in Paragraph 30 hereof, its obligation to pay annual net base rent and additional rent shall be reduced in accordance with the provisions of said Paragraph 30.
REDUCTION IN RENT. In consideration of the performance of the cleaning of the Premises by Tenant's approved contractors at Tenant's expense, effective as of the Adjustment Date, the Rent payable under the Lease shall be reduced by $1.15 per rentable square foot. Accordingly, effective as of the Adjustment Date, the Lease shall be deemed modified as follows: