This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Hawaii Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
A graduated lease is an agreement between a landlord and tenant, or a lessor and a lessee, that sets out a periodic adjustment of monthly payments. A tenant may be required to pay a higher rent due to market conditions or an increase in the value of the leased property.
The landlord must give "adequate" written notice of the intent to increase the rent ing to the type of tenancy (see chart at end of handbook). There is no limit on the amount of the rent increase as there is no rent control in Hawaii. If you have an emergency, please contact 911.
Also known as fixed rent. In a commercial lease context, the minimum rent due under a lease. Depending on the terms of the lease agreement, a lease with a base rent usually includes an escalation clause for taxes and operating expenses and sometimes a percentage rent clause.
What's the Difference Between a Gross Lease vs Net Lease? The main difference between a gross lease and a net lease is that in a gross lease the landlord is responsible for paying the operating expenses, while in a net lease the responsibility of the operating expenses falls on the tenant.
How a Gross Lease Works. A gross lease is a type of lease that allows the tenant to use the property exclusively by paying a flat fee. It is commonly used for rentals in commercial property, such as office buildings and retail spaces that have numerous lessees.
Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.
A percentage lease is a rental that is based on a percentage of the monthly or annual gross sales made on the premises. Percentage leases are common with large retail stores, especially in shopping centers.
§521-51 Tenant to maintain dwelling unit. Where no evidence that tenant's failure to replace damaged tiles constituted a violation of applicable building and housing laws materially affecting health and safety under paragraph (1), landlord was not authorized under §521-69(a) to terminate tenant's lease.
