Loss of rental income Sample Clauses

Loss of rental income. The insurance compensates the owner for the loss of rental income resulting from damage compensable under this insurance. Lost rental income refers, at the time of the damage, to the next booked rental period. No compensation is paid for the current rental period. Compensation is provided if: - the cancelled rental period has been booked via Indie Campers - the damage on which the cancellation is based have occurred within the insurance period - the vehicle is not repaired or replaced before the start of the next rental period - the cancellation applies to a rental contract with a start date within two weeks from the date of the damage. The insurance compensates lost rental income up to a maximum of EUR 75 per day for a maximum of two weeks. The daily compensation cannot exceed the actual loss of rent per day.
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Loss of rental income. If the insured residential space is rented out and has become inhabitable as a result of the insured event, compensation for the loss of rental income shall be compensated if the rental space was inhabitable, to the extent of the damage incurred, but not more than the sum insured specified in the insurance contract, and for a maximum period of 12 months. Compensation does not include utility bills, contractual penalties, interests on arrears and damage, if the rental contract was terminated for other reasons than the insured event (for example, the rental contract expired).
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Loss of rental income. A building is a construction that has an interior space that is separated from the external environment by the roof and other parts of the building envelope together with its main structures, internal and external finish, permanently installed technical systems (including ventilation and heating systems) and sanitary wares. External heating, water, sewage and electrical systems are insured in that part that are located on the same property with the building. A building is, for example, a detached house, an ancillary building, a glasshouse, a garage and a sauna. Also, together with the building, civil engineering works and buildings up to 20m² located in the same place of insurance are insured in the amount up to 10,000 euros (included in the sum insured). Separate sauna and buildings larger than 20 m² must be listed separately in the insurance contract. Solar panels attached to the building are insured up to a value of EUR 10,000. Solar panels that are insured for more than EUR 10,000 must be marked separately in the insurance contract. In addition, the built-in furniture (incl. kitchen furniture, sliding doors), sanitary equipment and alarm system devices are also insured together with the building or terraced house section.
Sample 1Sample 2Sample 3
Loss of rental income. 1.2. A building is a construction work that has an interior space that is separated from the external environment by the roof and other parts of the building envelope together with its main structures, internal and external decoration, stationary installed technical systems (including ventilation and heating systems) and solar panels. External heating, water, sewage and electrical systems are insured in that part that are located on the same property with the building. A building is, for example, a detached house, an ancillary building, a glasshouse, a garage and a sauna. Also, together with the building, civil engineering works and buildings up to 20m² located in the same place of insurance are insured in the amount up to 10,000 euros (included in the sum insured). Separate sauna and buildings larger than 20 m² must be listed separately in the insurance contract. In addition, the built-in furniture (incl. kitchen furniture, sliding doors), sanitary equipment and alarm system devices are also insured together with the building or terraced house section. a) elements not attached to the building (building materials, disassembled parts of the building, etc.); b) household property located in the building (kitchen appliances, luminaires, furniture, etc.) that can be secured as household property; c) greenhouses with film and plastic coating. 1.3. Civil engineering work is a construction located at the same place of insurance with the building, terraced or semi- detached house section, and which is not a building. Civil engineering works can be fences, gates, barriers, outdoor luminaires, pavilions, flag posts, separate solar panels etc. a) xxxxx, equipment installed in xxxxx, well water, bridges, boat moorings, seawalls, ponds, lawn, trees, bushes, herbaceous plants, playgrounds and roads (including pavements and driveways). 1.4. The interior decoration of the apartment is a building- demarcated dwelling with the essential parts of the building, flooring, wall and ceiling coverings, non-bearing partition walls, built-in furniture (including kitchen furniture, sliding doors), built-in ovens, parts of the technical system, apartment doors, windows, balconies and locked storage room attached to the apartment and located in an apartment building. a) movable property located in the apartment (for example, kitchen appliances, furniture, luminaires, etc.).
Sample 1
Loss of rental income. The basis for compensation is damage that fully or partially prevents the use of the accommodation for rent. Compensation requires a rental agreement in force through Qasa’s services at the time of the damage. The compensation also applies during any eviction process provided that the premium has been paid by the policyholder. Compensation is paid until the accommodation has been restored to a condition where it can be rented out. If the repair work or the start of the repair work is delayed, the consequential loss is compensated only for the time it would have taken to repair the material damage using effective repair methods. Compensation is paid for a maximum of 12 months following a claim. The compensation is based on the actual loss of rent due to the interruption. Compensation is calculated per day and paid according to the number of actual days of interruption. A month is considered to have 30 days. The prerequisite for compensation is the insured's statement of the time of the interruption in rental income and the actual loss of rent.
Sample 1
Loss of rental income. Legal protection may apply for the benefit of the vehicle owner.
Sample 1
Loss of rental income. The insurance covers loss of rental income if the accommodation becomes wholly or partially unusable as a result of damage that can be covered by the accommodation's regular insurance or by this insurance. Unusable means, for example, an accommodation that is severely damaged by fire or water. The fact that an accommodation is untidy or that minor repairs need to be carried out is not sufficient for compensation to be paid. Loss of rental income refers to rental periods already booked at the time of the loss. No compensation is paid for the current rental period. Compensation is paid if: • the cancelled future rental period has been booked via Qasa. • the damage on which the cancellation is based has occurred within the insurance period • the cancellation concerns a rental contract with a start date within six (6) months from the date of the damage. The insurance covers lost rental income up to a maximum of SEK 3,000 per day for a maximum of six (6) months. The daily compensation cannot exceed the actual loss of rent per day.
Sample 1
Loss of rental income. The insurance covers loss of rental income related to the rental accommodation entered in the insurance policy when the tenant is partially or fully exempt from paying rent by law. The loss must be a result of a sudden and unforeseen event covered by these insurance terms and conditions. The insurance does not cover damage caused by normal wear and tear, poor condition of the property or maintenance. The time of the damage and other circumstances must be specified. Xxxxxx observed at the same time is considered as one and the same loss, unless proven otherwise.
Sample 1

Related to Loss of rental income

  • Payment of Rent If the tenant is required to pre-pay rent in advance it should be selected. This is common with tenants with no or bad credit history. Section XIII.

  • Net Lease THIS OPERATING LEASE SHALL BE A NET LEASE, AND EACH LESSEE’S OBLIGATION TO PAY ALL RENT AND OTHER SUMS HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL, AND SHALL NOT BE SUBJECT TO ANY ABATEMENT OR REDUCTION FOR ANY REASON WHATSOEVER. The obligations and liabilities of the Lessees hereunder shall in no way be released, discharged or otherwise affected (except as may be expressly provided in this Operating Lease, including, without limitation, the right of a Lessee to reject Vehicles pursuant to Section 2.2 of the Base Lease) for any reason, including without limitation: (i) any defect in the condition, merchantability, quality or fitness for use of the Vehicles or any part thereof; (ii) any damage to, removal, abandonment, salvage, loss, scrapping or destruction of or any requisition or taking of the Vehicles or any part thereof; (iii) any restriction, prevention or curtailment of or interference with any use of the Vehicles or any part thereof; (iv) any defect in or any Lien on title to the Vehicles or any part thereof; (v) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of a Lessee or the Lessor; (vi) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to such Lessee, the Lessor or any other Person, or any action taken with respect to this Operating Lease by any trustee or receiver of any Person mentioned above, or by any court; (vii) any claim that such Lessee has or might have against any Person, including without limitation the Lessor; (viii) any failure on the part of the Lessor to perform or comply with any of the terms hereof or of any other agreement; (ix) any invalidity or unenforceability or disaffirmance of this Operating Lease or any provision hereof or any of the other Related Documents with respect to any Series of Notes or any provision of any thereof, in each case whether against or by such Lessee or otherwise; (x) any insurance premiums payable by such Lessee with respect to the Vehicles; or (xi) any other occurrence whatsoever, whether similar or dissimilar to the foregoing, whether or not such Lessee shall have notice or knowledge of any of the foregoing and whether or not foreseen or foreseeable. This Operating Lease shall be noncancelable by any Lessee and, except as expressly provided herein, each Lessee, to the extent permitted by law, waives all rights now or hereafter conferred by statute or otherwise to quit, terminate or surrender this Operating Lease, or to any diminution or reduction of Rent payable by the Lessee hereunder. All payments by a Lessee made hereunder shall be final (except to the extent of adjustments provided for herein), absent manifest error and, except as otherwise provided in this Operating Lease, no Lessee shall seek to recover any such payment or any part thereof for any reason whatsoever, absent manifest error. If for any reason whatsoever this Operating Lease shall be terminated in whole or in part by operation of law or otherwise except as expressly provided herein, each Lessee shall nonetheless pay an amount equal to each Rent payment at the time and in the manner that such payment would have become due and payable under the terms of this Operating Lease as if it had not been terminated in whole or in part. All covenants and agreements of each Lessee in this Operating Lease shall be performed at its cost, expense and risk unless expressly otherwise stated.

  • Abatement of Rent In the event that Tenant is prevented from using, and does not use, the Premises or any portion thereof, as a result of (i) any repair, maintenance or alteration performed by Landlord, or which Landlord failed to perform, after the Lease Commencement Date and required by this Lease, which substantially interferes with Tenant’s use of the Premises, or (ii) any failure to provide services, utilities or access to the Premises as required by this Lease (either such set of circumstances as set forth in items (i) or (ii), above, to be known as an “Abatement Event”), then Tenant shall give Landlord notice of such Abatement Event, and if such Abatement Event continues for five (5) consecutive business days after Landlord’s receipt of any such notice (the “Eligibility Period”), then the Base Rent, Tenant’s Share of Direct Expenses, and Tenant’s obligation to pay for parking (to the extent not utilized by Tenant) shall be abated or reduced, as the case may be, after expiration of the Eligibility Period for such time that Tenant continues to be so prevented from using, and does not use for the normal conduct of Tenant’s business, the Premises or a portion thereof; provided, however, in the event that Tenant is prevented from using, and does not use, a portion of the Premises, and as result thereof it is commercially impractical for Tenant to use all or a portion of the remaining Premises (i.e., the portion of the Premises that Tenant is actually able to use), and if Tenant does not conduct its business from the remaining Premises or portion thereof, then for such time during which it is impractical for Tenant to conduct its business therein, the Base Rent, Tenant’s Share of Direct Expenses, and Tenant’s obligation to pay for parking (to the extent not utilized by Tenant) shall also be abated for the remaining Premises (or portion thereof) that Tenant does not use. If, however, Tenant reoccupies any portion of the Premises during such period, the Base Rent, Tenant’s Share of Direct Expenses, and Tenant’s obligation to pay for parking (to the extent not utilized by Tenant) allocable to such reoccupied portion, based on the proportion that the rentable area of such reoccupied portion of the Premises bears to the total rentable area of the Premises, shall be payable by Tenant from the date Tenant reoccupies such portion of the Premises. To the extent an Abatement Event is caused by an event covered by Articles 11 or 13 of this Lease, then Tenant’s right to xxxxx rent shall be governed by the terms of such Article 11 or 13, as applicable, and the Eligibility Period shall not be applicable thereto. Such right to xxxxx Base Rent and Tenant’s Share of Direct Expenses shall be Tenant’s sole and exclusive remedy for rent abatement at law or in equity for an Abatement Event. Except as expressly provided in this Section 19.5.2 or elsewhere in this Lease, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.