Annual Gross Rent definition

Annual Gross Rent means the annual total of all rents collected for all units in the project.
Sample 1
Annual Gross Rent set forth in Section 1.1(a) of the Original Lease is hereby amended to reflect that in addition to Annual Gross Rent for the Current Premises, Tenant shall pay Annual Gross Rent for the Expansion Premises in accordance with the following schedule: Annual Gross Rent Monthly Year (per annum) Payments 1 $ 123,375.00 $ 10,281.25 2 $ 127,076.25 $ 10,589.69 3 $ 130,888.53 $ 10,907.38 4 $ 134,815.18 $ 11,234.60 5 $ 138,859.63 $ 11,571.64 For purposes of the timing of the adjustments in the amount of Annual Gross Rent with respect to the Expansion Premises, the first “Year” shall be the period beginning on the Occupancy Date and ending on the day preceding the first (1st) anniversary of the Occupancy Date (except that if the Occupancy Date is not the first day of a calendar month, the first (1st) Year shall be the period commencing on the Occupancy Date and expiring on the last day of the calendar month in which the first (1st) anniversary of the Occupancy Date shall occur, and Tenant shall pay Annual Gross Rent with respect to the Expansion Premises for the month in which the Occupancy Date shall occur in an amount equal to $10,281.25 multiplied by a fraction, the numerator of which is the number of days from the Occupancy Date through the last day of such month (inclusive of both dates) and the denominator of which is the number of days in such month, plus Annual Gross Rent for the next twelve full months of Year 1), with each succeeding Year being the twelve (12) month period following the preceding Year. Tenant shall have no obligation to pay Annual Gross Rent with respect to the Expansion Premises only for the period commencing on the Expansion Date and ending on the day preceding the Occupancy Date.
Sample 1
Annual Gross Rent shall be Fifteen Dollars ($15.00) per rentable square foot, per Lease Year. as scheduled below: ANNUAL ANNUAL MONTHLY LEASE GROSS GROSS PAYMENT YEAR RENT/RSF: RENT: RENT: 1 $15.00 $176,010.00 $14,667.50 2 $15.23 $178,708.80 $14,892.40 (note: The above schedule does not include any sales or use tax assessed on rental)
Sample 1

Examples of Annual Gross Rent in a sentence

  • Annual gross rent is then adjusted for vacancy rates during turnover, and then operating costs are netted out.

  • Annual gross rent means the annualized base rent amounts of expiring leases and includes improved properties only.

  • Gross rent multiplier, or GRM (alternative to capitalization that takes into account gross income but not expenses) (See Figure 5.2.) IRV Circle Formula Income (net operating income) = Cap rate x Present Value Figure 2 GRM Circle FormulaTo determine the GRM, divide the value by the monthly or annual rents.Formulas:Annual gross rent multiplier x Annual gross rent = Value Monthly grass rent multiplier x Monthly grass rent = Value ORValue ÷ Rents = GRMHINT: If you are given a problem to solve.

  • Annual gross rent potential (GRP) after POA approval is determined in accordance with Paragraph 8-17.C. 10/93 11-10 4350.6-CHG.2 B.

  • A ceramic shear accelerometer with Integrated Electronics Piezo Electric (IEPE) output type is used, this type featuring a built-in preamplifier.

  • Annual gross rent: $21,579OFFICE MARKET STATSBOISE MSA Q3 LEASE RATE TRENDSVACANCY TRENDSOverall ASKING RATES are the HIGHEST on record.LEASE RATESVACANCY RATESOUTH MERIDIAN CLASS A average asking rates are currently $21.10/SF.TOTAL VACANCY increased from 5.2 PERCENT mid-year to 6.0 PERCENT at the end of Q3.

  • Lessor: SA Resort, LLLP, a Colorado limited liability partnership Term: Initial Term of 120 months commencing on approximately January 1, 2018, and continuing throughDecember 31, 2027, with two additional renewal options of five years each, both at the institution’s sole discretion Lease Cost: Annual gross rent during the initial term of the lease will be$50,000, escalating by $1,000 annually and totaling$535,000 over the initial term.


More Definitions of Annual Gross Rent

Annual Gross Rent shall be equal to the sum of (i) the Fixed Annual Net Rent and (ii) the Operating Stop, at the rate as scheduled below each and every Lease Year during the Term, as follows: Fixed Annual Estimated Estimated Lease Term Net Rent Amortized Improvements Operating Stop Monthly Payment 1-12 $40,529.28 $10,232.64 $29,343.60 $6,675.46 12-24 $41,733.12 $10,232.64 $30,223.91 $6,849.14 25-36 $42,987.12 $10,232.64 $31,130.63 $7,029.20 (note: The above schedule does not include any sales or use tax assessed on rental, nor "Tenant's Proportionate Share of Operating Costs in Excess of the Operating Stop" (as defined in Section 1.1(o), below), nor any additional charges due for excess utility usage, as provided in Article 5, below, nor parking, as provided in Article 18, below)
Sample 1
Annual Gross Rent for the period commencing on December 1, 2013 and ending on October 31, 2018 shall be payable in accordance with the following schedule: Dates Rent Per Square Foot Annual Gross Rent Monthly Payment Rent 12/1/13-10/31/16 $ 17.00 $ 199,937.00 $ 16,661.42 11/1/16-10/31/17 $ 17.51 $ 205,935.11 $ 17,161.26 11/1/17-10/31/18 $ 18.04 $ 212,168.44 $ 17,680.70 All Annual Gross Rent shall be payable in equal monthly installments, in advance. The monthly installment of Annual Gross Rent payable for the month of November, 2013 shall continue to be payable as set forth in Section 3 of the Second Amendment to Lease.
Sample 1
Annual Gross Rent for the period from November 1, 2020 through October 31, 2021 shall be $370,701.81per annum. ​
Sample 1
Annual Gross Rent means the aggregate of the Base Rent and all other sums of money as shall become due and payable by Tenant to Landlord under this Lease, during each calendar year.
Sample 1

Related to Annual Gross Rent

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Basic Rent means Basic Rent as defined in Paragraph 6.