Average Rent definition

Average Rent means, as with respect to any Term, the average amount of Rent, calculated on a per-month basis, payable to Lessor with respect to such Equipment during the immediately preceding Term;
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Average Rent means, as with respect to any Term, the average amount of Rent, calculated on a per-month basis, payable to IBM with respect to such Equipment during the immediately preceding Term;
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Average Rent. The aggregate annual rent from all leases in ------------ question, as Rent is determined in the second sentence of Section 1(t), divided by the aggregate rentable square feet demised by such leases.
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Examples of Average Rent in a sentence

  • Table 24: Average Rent by Unit Size Source: www.craigslist.org, accessed January 30, 2015 B.

  • Such Lease will continue under the same terms and conditions and at the then applicable Average Rent (but for Equipment with a FMV Purchase Option, not less than the fair market rental value as of the End of Lease Date as determined by IBM) until the later of the date that is 30 days after the End of Lease Notice has been received by IBM and the date on which Customer has satisfied all the conditions of such selected end of lease option as described herein.

  • If Customer does not pay IBM all such amounts on or prior to the applicable End of Lease Date, then Customer shall continue to pay IBM the Average Rent until receipt by IBM of all such amounts.

  • If Customer does not pay IGF all such amounts on or prior to the applicable End of Lease Date, then Customer shall continue to pay IGF the Average Rent until receipt by IGF of all such amounts.

  • Staff is requesting that each member agency inform Fresno COG of its representative on the Roundtable.The application package is available for applicants from non-memberagencies: https://www.fresnocog.org/wp-content/uploads/2020/03/2022-RTP-Roundtable- application-for-appointment.pdf.COG staff will provide monthly updates to the TTC/PAC and the Policy Board regarding t2022 RTP/SCS progress.Action: Information only.

  • The Weighted Average Rent is measured as the weighted average “asking rent” for the available sublet, direct, or relet office space in each building at the time the data are downloaded (in our case in August/September 2010).

  • Such Agreement will continue under the same General Conditions and at the last Rent Payment from the immediately preceding Term on a monthly basis greater than zero (but not less than the applicable Average Rent ) until the later of the date that is thirty (30) days after the End of Term Notice has been received by Lessor and the date on which Lessee has satisfied all the conditions of such selected End of Term Options as described herein.

  • A final important limitation with using the CoStar Weighted Average Rent as a measure of the market value of “leased space” is sample selection bias.

  • CoStar reports the “Weighted Average Rent,” if there is rentable space available in the building, otherwise the Weighted Average Rent measure ap- pears as missing.

  • Since the Weighted Average Rent appears as a missing value for all build- ings that are fully leased, more poorly functioning buildings are likely to be systematically over-represented in the CoStar data.Given the problems with using the CoStar Weighted Average Rent measure as a proxy for market value, we instead use the Costar Comparable Transaction data.


More Definitions of Average Rent

Average Rent for any calendar year means average monthly rent for different parts of the Municipality by unit type as determined in the annual rental market survey of rents for the prior calendar year published by CMHC;
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Average Rent means the Average Market Rent for Northumberland County as determined pursuant to section 10 of this By-law;
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Average Rent means the average of the rents charged for
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Average Rent means the average amount of Rent, on a per-month basis, calculated using the sum of the Rent payments during the applicable Term divided by the number of Payment Periods during such Term;
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Average Rent means the average of the rates charged for reserved or unreserved parking other than the Parking Spaces, as the case may be, in the following garages: Xxxxxx Garage located at 1112 Clay, Howell Building, 777 Clay Garage, First City Center Garage, and Main Garage. For purposes of clarity, in the event the Parking Rate for only one category of Parking Spaces is increased in excess of the applicable Average Rent, such opportunity to terminate shall be limited to the category of Parking Spaces for which the Parking Rate has been adjusted to an amount in excess of the Average Rent and not to the other category of Parking Spaces. Landlord shall have no obligation to provide Tenant, and Tenant shall have no right to, any parking spaces that are so terminated by Tenant. All payments of rent for Parking Spaces shall be made (i) at the same time as Basic Monthly Rent is due under the Lease and (ii) to Landlord or to such persons (for example but without limitation, the manager of the Approximate Garage) as Landlord may direct from time to time.
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Related to Average Rent

  • Percentage Rent As defined in Subsection 3.1(b).

  • 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.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

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

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);