Example ContractsClausesdetermination of market rentVariants
Determination of Market Rent
Determination of Market Rent contract clause examples

Additional Rent. Subtenant shall pay to Sublandlord its pro rata share (“Pro-Rata Share”) of all “Direct Expenses” (as defined in [Section 4.2.2] of the Master Lease) and costs of utilities under [Section 6.2] of the Master Lease, as incorporated herein, and all amounts other than Base Rent required to be paid by Sublandlord under the Master Lease to perform maintenance or provide utilities with respect to the Subleased Premises and the Shared Area (in each case as if Master Landlord provided the same; including being subject to the terms of [Section 4.2.4] of the Master Lease), as and when such amounts are due under the Master Lease, as incorporated herein. For purposes of this Sublease, Subtenant’s Pro Rata Share is deemed to be 13.97% with respect to the Building, which is equal to 100% of the rentable square feet of the Subleased Premises plus 25% of the rentable square feet of the Shared Area, divided by the square footage of the Building, and 29.23% with respect to the Premises. Sublandlord shall promptly forward to Subtenant all Estimate Statements, Statements, invoices and backup documentation received from Master Landlord regarding “Tenant’s Share” of Direct Expenses under the Master Lease. Subtenant shall also pay to Sublandlord, within thirty (30) days of request by Sublandlord, the entire cost of such amounts to the extent due to the misuse or excess use or negligence, willful misconduct or violation of this Sublease by Subtenant or any of its agents, employees or contractors. In addition, Subtenant shall pay to Sublandlord, within thirty (30) days of request by Sublandlord, the entire cost of Sublandlord’s cost of performing any repairs or maintenance or providing other services to the Subleased Premise or Shared Area specifically requested by Subtenant. All monetary obligations of Subtenant to Sublandlord under this Sublease (other than Base Rent) shall be deemed “Additional Rent.” Base Rent and Additional Rent shall be referred to collectively as “Rent”. Subtenant shall be entitled to its Pro-Rata Share of all credits, if any, given by Master Landlord to Sublandlord for Sublandlord’s overpayment of such amounts, and shall not be required to pay any gross receipts tax on rent payable under the Master Lease.

Additional Rent On the Commencement Date and on the first of each month thereafter Subtenant shall pay its pro-rata share of the estimated Additional Rent charged to Sublandlord by Master Landlord pursuant to Section 6.2 of the Master Lease and those costs charged to Sublandlord by Master Landlord pursuant to Master Lease (collectively “Expenses”) via wire or via cashier’s check. The Sublease will be a triple-net (NNN) lease and the Subtenant will pay its Proportional Share of Expenses (including real property taxes, insurance, and maintenance) as paid by the Sublandlord and outlined by the Master Lease, without exclusion, as set forth in Exhibit D, Estimated Operating Expenses provided by Master Landlord. Subtenant shall also pay its Proportional Share of any third-party lobby staffing (not to exceed two (2) staff members), janitorial, and security access expenses incurred by Subtenant in the operation of the Building (“Additional Expenses”), as estimated and further set forth in Exhibit D. Within thirty (30) days of Sublandlord providing notice to Subtenant of the Subtenant’s pro-rata share of Expenses or other payments which are due under this Sublease, Subtenant shall pay such amounts. Subtenant remains responsible for paying all other amounts due under this Sublease.

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