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C. Term: <br />The term of this Agreement shall commence on January 1, 2006, at 12:OOA.M. and <br />terminate on December 31, 2010, at midnight. Except as provided in this Agreement, the <br />rent in effect on January 1, 2010, shall remain in full force and effect through December <br />31, 2010, and shall constitute the base rent upon which a rent increase will be added on <br />January 1, 2011. This Agreement may be extended for a similar term, or any term <br />acceptable to all parties to this Agreement, provided that any extension will be in writing <br />and signed by all the parties hereto. <br />D. Annual Base Rent Increases: <br />The base monthly rent shall be increased by the greater of three percent (3.0%) of the <br />then existing base monthly rent, or sixty seven percent (67%) of the annual percentage <br />increase in the Price Index on the following dates: <br />-- January 1, 2006 <br />-- January 1, 2007 <br />-- January 1, 2008 <br />-- January 1, 2009 <br />-- January 1, 2010 <br />E. Additional Factors: <br />In addition to the annual base rent increases as set forth in Subsection "D" above, rent <br />and /or other charges may be increased or separately assessed in compliance with the <br />conditions set forth in Articles 4 and 4.5 of the Mobilehome Residency Law Civil Code <br />Sections 798.30 through 798.49, as set forth below. <br />1. Government or Quasi-Government Mandated Costs. Rent increases resulting <br />from Government or Quasi-Government mandated costs, as more fully described <br />in Subsection a. and b. below, once assessed, are rent and would become part of <br />the base rent. <br />a. Base monthly rent shall be increased in the amount that property taxes are <br />increased in excess of two percent (2%) over those property taxes paid by <br />the Park during the twelve (12) month period immediately preceding the <br />date the property tax increase is assessed, divided by twelve (12) and pro- <br />rated among the actual number of mobilehome spaces in the Park. The <br />term property taxes includes all general and special real estate taxes and <br />personal property taxes. Property taxes also included any tax or excise on <br />rents or any other tax, however described, which is levied or assessed <br />against the Park as a direct substitution in whole or in part for any real <br />property taxes. <br />3 <br />