Common Contracts

‘‘(3) SCHEDULE OF DEEMED RENTAL PAYMENTS.—

May 5th, 2020

• Filed
  May 5th, 2020

‘‘(A) IN GENERAL.—In any case to which paragraph (2)(B) applies, for purposes of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], the lessor shall be treated as having received or accrued (and the lessee shall be treated as having paid or incurred) rents equal to the greater of—

‘‘(II) the second 5 years of the lease, at least

November 13th, 2019

• Filed
  November 13th, 2019

time as, such agreement, and which calls for com- parable payments of rent over the primary term of the agreement.

September 5th, 2019

• Filed
  September 5th, 2019

‘‘(A) IN GENERAL.—In any case to which paragraph (2)(B) applies, for purposes of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], the lessor shall be treated as having received or accrued (and the lessee shall be treated as having paid or incurred) rents equal to the greater of—