|
|
|
Rent Rider. Rent: Lessee promises to pay to Lessor annual rent, in monthly installments, according to the following schedule: A. From the rent commencement date until the end of the month following the end of the fifth sublease year (as defined below), the sum of $_____ per year payable in equal monthly installments of $_____ on the 1st of every calendar month for the then current month. B. From the first day of the month next following the commencement of the sixth sublease year until the end of the month following the end of the tenth sublease year, the sum of $_____ per year payable in equal monthly installments of $_____, on the 1st of every calendar month for the then current month. C. From the first day of the month next following the commencement of the eleventh sublease year until the end of the month following the end of the fifteenth sublease year, the sum of $_____ per year payable in equal monthly installments of $_____, on the 1st of every calendar month for the then current month. D. From the first day of the month next following the commencement of the sixteenth sublease year until the end of the sublease term, the sum of $_____ per year payable in equal monthly installments of $_____, on the 1st of every calendar month for the then current month. The term "sublease year," as used above, shall mean a period of 12 consecutive months. The first sublease year shall begin on the date a _________ opens for business on the Demised Premises or _________, and end at 12:01 a.m. on the anniversary date of the opening. However, it is agreed and understood that, notwithstanding anything in this agreement to the contrary, the first five-year lease period shall coincide with the first five-year period in the Prime Lease. In the event the rent commencement date shall be other than the first day of the month, the first rental payment and the last rental payment, if applicable, shall be adjusted for the proportionate fraction of the whole month. Option Rents: If Lessee exercises the options to extend provided for in this Sublease, Lessee promises to pay to Lessor annual rent, in monthly installments, according to the following schedule: A. During the first five year option the sum of $_____ per year payable in equal monthly installments of $_____. B. During the second five year option the sum of $_____ per year payable in equal monthly installments of $_____. C. During the third five year option the sum of $_____ per year payable in equal monthly installments of $_____. D. During the fourth five year option the sum of $_____ per year payable in equal monthly installments of $_____.
Browse Real Estate Forms & Mortgage Forms Alphabetically
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Home • Courses • Real Estate Forms • Income Properties For Sale • Forums • Real Estate Articles Copyright © 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.
|