Common use of Rent Calculation Clause in Contracts

Rent Calculation. During the first 12 months of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Two Thousand One Hundred Dollars ($ 2,100.00), being the sum of: (a) Subsidized Rent of One Thousand Six Hundred Eighty Dollars ($ 1,680.00) [being the product of $ 16.00, the subsidized annual rent per square foot, and square feet, the area of the Leased Premises, divided by 12 months]; and (b) common area monthly rent of Four Hundred Dollars ($ 420.00), representing a surcharge of twenty-five percent (25%) of the basic monthly rent to cover the Landlord's cost of maintaining and improving the common areas within the building.

Rent Calculation. During the first 12 months of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Two Thousand One Seven Hundred Seventy Dollars ($ 2,100.00770.00), being the sum of: (a) Subsidized Rent of One Thousand Six Hundred Eighty Sixteen Dollars ($ 1,680.00616.00) [being the product of $ 16.0016.80, the subsidized annual rent per square foot, and 440 square feet, the area of the Leased Premises, divided by 12 months]; and (b) common area monthly rent of One Hundred Fifty Four Hundred Dollars ($ 420.00154.00), representing a surcharge of twenty-five percent (25%) of the basic monthly rent to cover the Landlord's cost of maintaining and improving the common areas within the building.