The base, or primary, lease term is 20 years. During the base lease term, the monthly lease payment is $10,000 for the first 10 years and $12,000 for the next 10 years.
Note: Payment Schedule calculations for Lease base frequencies and Escalation frequencies will differ slightly depending on the frequency used. For example, a 10 year lease escalating each year will differ slightly from a lease escalating every 52 weeks (as opposed to a lease escalating every 365 days). Over a 10 year period, if the lease calculation is done in days, there can be years with more than 365 days. Also, if the calculation done in weeks, 52 weeks might be a day or two short of a full year depending on the year used.