How do I set up a contract's Non Standard Terms
Here are some example 'Non Standard Terms' you can use as a template. You can also find this file in BOX HERE:
REIT locations use: Tenant and Fixed Rent
Non-REIT locations use: Member and Membership Fee
| Example | REIT | Non-REIT |
| Contract Term: 6 months Squad 201 List Price: $5,000 Discount: 5% |
In exchange for a six (6) month Term, Tenant shall receive a discount of 5% -or- $250.00 off of Fixed Rent, resulting in Fixed Rent equal to $4,750.00 per month for Term. | In exchange for a six (6) month Term, Member shall receive a discount of 5% -or- $250.00 off of Membership Fees, resulting in Membership Fees equal to $4,750.00 per month for Term. |
| Contract Term: 6 months Squads 201 List Price: $5,000 Discount: 5% discount Squad 205 List Price: $7,500 Discount: 5% discount |
In exchange for a six (6) month Term, Tenant shall receive a discount, resulting in Fixed Rent equal to the amounts shown below per month for the Term: Squad 201 = $4,750.00 per month Squad 205 = $7,125.00 per month Total discounted Fixed Rent = $11,875.00 per month |
In exchange for a six (6) month Term, Member shall receive a discount, resulting in Membership Fees equal to the amounts shown below per month for the Term: Squad 201 = $4,750.00 per month Squad 205 = $7,125.00 per month Total discounted Membership Fees = $11,875.00 per month |
| Contract Term: 12 months Squad 201 List Price: $5,000 Discount: 10% discount for first 6 months, 5% remainder of term |
In exchange for a twelve (12) month Term, Tenant shall receive a discount of 10% -or- $500.00 off of Fixed Rent for months 1 through 6, resulting in Fixed Rent equal to $4,500.00 per month, followed by a discount of 5% -or- $250.00 off of Fixed Rent, resulting in Fixed Rent equal to $4,750.00 per month for the remainder of such Term. | In exchange for a twelve (12) month Term, Member shall receive a discount of 10% -or- $500.00 off of Membership Fee for months 1 through 6, resulting in Membership Fee equal to $4,500.00 per month, followed by a discount of 5% -or- $250.00 off of Membership Fee, resulting in Membership Fee equal to $4,750.00 per month for the remainder of such Term. |
| Contract Term: 18 months Squad 201 List Price: $5,000 Discount: 10% |
In exchange for an 18 month Term, Tenant shall receive a discount of 10% -or-$500.00 off of Fixed Rent, resulting in Fixed Rent equal to $4,500.00 per month for months 1 through 12 followed by a 3% annual escalation, resulting in Fixed Rent equal to $4,635.00 per month for the remainder of such Term. | In exchange for an 18 month Term, Member shall receive a discount of 10% -or-$500.00 off of Membership Fee, resulting in Membership Fee equal to $4,500.00 per month for months 1 through 12 followed by a 3% annual escalation, resulting in Membership Fee equal to $4,635.00 per month for the remainder of such Term. |
| For all M2M terms, please omit: "In Exchange for x month term" and start with "Tenant/Member shall receive. . ." | ||
| Contract Term: M2M Squad 201 List Price: $5,000 Discount: 5% |
Tenant shall receive a discount of 5% -or- $250.00 off of Fixed Rent, resulting in Fixed Rent equal to $4,750.00 per month for Term. | Member shall receive a discount of 5% -or- $250.00 off of Membership Fees, resulting in Membership Fees equal to $4,750.00 per month for Term. |
| Contract Term: M2M Squads 201 List Price: $5,000 Discount: 5% discount Squad 205 List Price: $7,500 Discount: 5% discount |
Tenant shall receive a discount, resulting in Fixed Rent equal to the amounts shown below per month for the Term: Squad 201 = $4,750.00 per month Squad 205 = $7,125.00 per month Total discounted Fixed Rent = $11,875.00 per month |
Member shall receive a discount, resulting in Membership Fees equal to the amounts shown below per month for the Term: Squad 201 = $4,750.00 per month Squad 205 = $7,125.00 per month Total discounted Membership Fees = $11,875.00 per month |