Example ContractsClausesbase rent abatementVariants
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For the First (1st) and Second (2nd) years of the Term, commencing April 1st, 2023 and terminating on December 31st, 2024, a Base Rent at the rate of twenty-five Dollars ($25.00) per square foot for room #2238 per annum, being a sum of two hundred and eight Dollars and thirty-three Cents ($208.33) per month, plus applicable taxes in accordance with [Section 3.7] herein, payable in advance, without deduction or abatement, by way of equal and consecutive monthly instalments on the first day of each month;

For the First (1st) and Second (2nd) yearsThird (3rd) year of the Term, commencing AprilJanuary 1st, 20232025 and terminating on DecemberAugust 31st, 2024,2025, a Base Rent at the rate of twenty-five Dollars and seventy-five Cents ($25.00)75) per square foot for room #2238 per annum, being a sum of two hundred and eightfourteen Dollars and thirty-threefifty-eight Cents ($208.33)214.58) per month, plus applicable taxes in accordance with [Section 3.7] herein, payable in advance, without deduction or abatement, by way of equal and consecutive monthly instalments on the first day of each month;

ForThe Additional Rent for the First (1st) and, Second (2nd) & Third (3rd) years of the Term, commencing April 1st, 2023Term is currently estimated at thirty-eight Dollars and terminating on December 31st, 2024, a Base Rent at the rate of twenty-five Dollarsnineteen Cents ($25.00)38.19) per square foot for room #2238 per annum, being a sumrooms #2238, including the management fee equal to Fifteen percent (15%) of two hundred and eight Dollars and thirty-three Cents ($208.33) per month, plusthe applicable taxes in accordance with [Section 3.7] herein, payable in advance, without deduction or abatement, by way of equal and consecutive monthly instalments on the first day of each month; annual Base Rent.

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