Examples of Agreed Rent in a sentence
The Agreed Rent in Part A of these Key Terms should also refer to the Operating Supplement if it applies.
Where the IRR equals or exceeds the amount of the Agreed Rent (excluding the Operating Supplement, if any) or the Market Rent for that Property, the Daily IRRS will be zero.
The Daily IRRS is an amount equal to the Agreed Rent minus the IRR for each Tenant who has been let a Property in accordance with this Agreement and minus the Operating Supplement (if any) in respect of a Property, with the Agreed Rent, the IRR and the Operating Supplement (if any) being pro-rated on a daily basis for each day falling within the Payment Period.
Agreed Rent The Agreed Rent (including the Operating Supplement) is set out in Schedule 4 as at the Commencement Date.
Please refer to separate HUD guidance on relevant provisions to remove.] From the Commencement Date until the day before the [ ] anniversary of the Commencement Date, an Operating Supplement of [ ]% of Market Rent is included in the Agreed Rent.
Consumer Price Index adjustments to Market Rent The Market Rent component of the Agreed Rent for each Property will be adjusted on each anniversary of the Commencement Date for annual changes in the Consumer Price Index in accordance with clause 4.1 of Schedule 1, except in respect of a year in which a Market Rent Review occurs.
Where the New Supply Properties are being added as Properties pursuant to clause 2.3 of Schedule 8, the Agreed Rent to be included in the relevant Variation Notification for the new Properties will be [[insert Agreed Rent amount of each type of New Supply Property], subject to annual changes (except in respect of the Operating Supplement) in the relevant consumer price index for rentals in the Services Location.
From the [ ] anniversary of the Commencement Date until the Expiry Date, an Operating Supplement of [ ]% of Market Rent will be included in the Agreed Rent.
If the Parties agree to: (i) amend the Agreed Rent during the Term of this Agreement pursuant to a Market Rent Review or otherwise, or (ii) add any new or substituted Properties pursuant to clause 5 of Schedule 1, they will complete a Variation Notification in the manner described in Schedule 4 to delete and replace the table at Schedule 4.
The Provider is entitled to retain any amount by which the rent received in the private market for the Short Term Private Rental exceeds the Agreed Rent for the Property (in each case, in respect of the relevant Payment Period).