Agenda - 05-06-1991 - Laserfiche WebLink

Browse Search

A i. rebellion, hostilities, military, or usurped power, sabotage, governmental regulations or controls, through Act of God or other cause beyond the control of the Landlord. ARTICLE II 2.1 BASIC RENT The Tenant hereby agrees to pay the Landlord without demand at its office, or at such other place or places as Landlord may from time to time designate in writing, the following rents for the aforesaid leased premises, for the term of this lease, to wit: (a) EM: The annual rent during the term of this lease shall be as shown below. Rent shall be payable by Tenant in equal monthly installments as shown below on or before the first day of each month in advance, and without any deduction or set -off whatsoever. Lease year 1 through 3: Area 1 = $48,816 /annum ($4,068/month) Area 2 = $23,508 /annum ($1,959 /month) Lease year 4 Area 1 = $56,448 /annum ($4,704 /month) Area 2 = $27,180 /annum ($2,265 /month) Lease year 5 Area 1 = $59,496 /annum ($4,958/month) Area 2 = $28,644 /annum ($2,387 /month) Rent for the first lease year of the renewal term shall be $92,664 /annum payable by Tenant in equal monthly installments of $7,722 on or before the first day of each month in advance, and without any deduction or set -off whatsoever. On July 1 of each lease year of the renewal term, the rent shall be increased proportionate to any increase of the Consumer Price Index as published by the U.S. Department of Labor Statistics or a comparable index for the prior twelve months. The term "lease year" as used herein shall mean the twelve -month period beginning with the commencement of the term of this lease as hereinabove determined and each successive twelve month period thereafter during the term of this lease.