Annual Lease Rent definition

Annual Lease Rent means the annual lease rent payable by the Developer to Authority as part of the Consideration as set forth in the Schedule of Payment hereof;

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Annual Lease Rent shall have the meaning as set forth in Article 2.4

Annual Lease Rent means the annual lease rent payable to the Authority by the Developer, as per the terms of the Development Agreement;

Examples of Annual Lease Rent in a sentence

The new bank guarantee towards revised Security Deposit shall be submitted 3 (three) months prior to the date from which the increased Annual Lease Rent is effective to cover the Security Deposit to the entire extent required under the Agreement, and after verification of same by the Authority, the earlier bank guarantee submitted towards Security Deposit will be returned/released.
The Lessee should have valid time period for construction as per terms of this Agreement or have obtained valid extension of time for construction and should have cleared up-to- date dues of the plot premium and Annual Lease Rent.
The Lessee should have valid time period for construction as per terms of this Agreement or have obtained valid extension of time for construction and should have cleared up-to-date dues of the plot premium and Annual Lease Rent.
The Annual Lease Rent shall be paid by the Concessionaire till the expiry of the Lease Period.
The Annual Lease Rent shall be increased by 10% (ten percent) every 3 (three) years, over the last annual rent payable.

More Definitions of Annual Lease Rent

Annual Lease Rent means a sum of Rs.1,000/- (Rupee One Thousand only) per acre of lease Scheduled Property annually, with the first instalment starting from Lease commencement date until the expiry of period of lease agreed or termination of this lease, whichever is earlier.

Annual Lease Rent shall have the meaning as attributed to the said term in Clause 2.6.1hereof.

Annual Lease Rent means the annual lease rentals as fixed by Administration from time to time excluding service charges and taxes charged.

Annual Lease Rent shall have the meaning as set forth in 2.9.2.

Annual Lease Rent means the consideration levied by RSCCL from an allotteefor the rights associated with the use of such land and/or any other fixed asset(s)for a specified purpose as agreed between the allottee and RSCCL, but excludingstatutory levies as may be applicable under prevailing law;

Annual Lease Rent shal mean the annual lease rent payable by the Developer to Authority as part of the Consideration as set forth in the Schedule of Payment hereof;

Annual Lease Rent means the annual lease/ground rent charged to the lessee for the land leased out;