Rental for Additional Parking Premises

Example Definitions of "Rental for Additional Parking Premises"
Rental for Additional Parking Premises. Base Rent for the Additional Parking Premises shall be $65,000 per year during the first full twelve (12) calendar months following commencement, then for each successive twelve month period it shall increase by 2.5% over the immediately prior period's rate, except that all payments of Base Rent for the Additional Parking Premises for any fractional year at the commencement or end of the Term shall be prorated based upon the number of days in such fractional year during the Term. Base Rent for... the Additional Parking Premises (and any Additional Rent that may be applicable thereto) shall be payable pursuant to and in accordance with the provisions of Article II of the Lease, and Tenant shall be solely responsible for all operating expenses in connection with the Additional Parking Premises during the Term, including without limitation the payment of all insurance premiums and deductibles, Taxes and maintenance costs (and such obligations shall survive the expiration or earlier termination of the Lease). View More
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