Average Rents definition

Average Rents or “AMR” means average monthly Toronto-wide rents by unit type as determined in the end-of-year survey of City-wide rents for the prior calendar year published by CMHC; if CMHC does not publish a survey of City-wide rents, then “Average Market Rents" for the calendar year shall be City-wide average rents as determined by the City acting reasonably;
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Average Rents means for a calendar year, the average monthly City-wide rents by unit type (size) as determined in the year end annual survey of City-wide rents for the prior calendar year published by Canada Mortgage and Housing Corporation (CMHC);
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Average Rents for any calendar year means average monthly City-wide rents by unit type as determined in the annual survey of City-wide rents for the prior calendar year published by CMHC; if CMHC does not publish an annual survey of City-wide rents for the prior calendar year, then “average rents” for the calendar year shall be City-wide average rents as determined by the Commissioner;
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Examples of Average Rents in a sentence

  • Average Rents at Year End Previous Year Current Year Un it Ty pe To tal Nu mb A H P Fu AHP Fun ded Supp Per mitte d Rent RT A Per mitt Perm itted Rent per Av era ge Re Rati onal e er of Un its (#) nd ed Re nt ▇▇ ▇▇▇▇▇ e Unit s (#) [inse rt last repor ▇▇▇▇ ▇▇ Incr ease ($) Unit per Mont h ($) nt per Un it per (if D>C ) Un its (#) year] ($) (A) (B) (C) (A+B = C) Mo nth ($) (D) C.


More Definitions of Average Rents

Average Rents or “AMR” means average monthly City-wide rents by bedroom type as determined in the autumn survey published by CMHC for the prior calendar year; if CMHC does not publish a survey of City-wide rents, then “average market rents” for the calendar year shall be City-wide average rents as determined by the City.
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Average Rents for any calendar year means average monthly City-wide rents by unit type for that calendar year as determined and published annually by CMHC; if CMHC does not publish an annual survey of City-wide rents for any calendar year, then “average rents” for that calendar year shall be City-wide average rents as determined by the Commissioner;
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Related to Average Rents

  • 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;

  • 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.

  • Average Revolver Usage means, with respect to any period, the sum of the aggregate amount of Revolver Usage for each day in such period (calculated as of the end of each respective day) divided by the number of days in such period.

  • 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 ▇▇▇▇▇▇’▇ wages or otherwise.