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a <br />for the Oakland -San Francisco Say area for such! twelve months (rounded tc <br />nearest 25/100), or <br />i <br />(2) Five percent (5%). <br />The amounts as established above for :;each of the five <br />twelve-month periods shall be summed arithmeticlally sand that summation sh <br />be multiplied by the existing monthly rent. The result of this multiplic <br />,� <br />shall be the increase in tIC he monthly rent for the next immediate five-year <br />term. <br />EXAMPLE: Lease Date of January 1, 1985 -- Rent $1,000.00 <br />Actuall 12 -Month Increase <br />January 1, 1985 <br />January 1, 1986 <br />January 1, 1987 <br />January 1, 1988 <br />January 1, 1989 <br />January 1, 1990: <br />C P I <br />100 <br />108 <br />109 <br />112 <br />115 <br />8.00% <br />.92% <br />2.75% <br />2.67% <br />P Used <br />h <br />5.00% <br />1.00% <br />2.75% <br />2.75% <br />Rent Increase = $1,000.00' x 11~.509. = $115.00 <br />New Rent = $1,000.00 + $11'5.00! _ $1,115.00 Per Month <br />IV. TAXES AND UTILITIES. <br />A. LESSEE shall also pay and f <br />discharile beore due all taxes <br />IIg and <br />assessments levied upon the real property, !{ <br />p y, improvements, fixtures and personal <br />property on the Premises. LESSOR shall provide LESSE'k with not less than <br />thirty (30) days written notice of the due date for all such taxes for which <br />LESSOR receives notice directly and, in the event of LESSOR's failure to <br />provide such notice, LESSEE shall be relieved oflany obligation to pay an <br />! y <br />penalties or interest as a result of a delayed payment. <br />B. All payments hereunder shall be prorated at the beginning and <br />end of this Lease so LESSEE pays only that portion of^taxes commensurate with <br />the time of its actual use and occupancy of the Premier. <br />I <br />9 <br />030313 <br />