Capped Rent definition

Capped Rent means low cost rental accommodation (as defined in Section 69 of HRA (2008)) other than Discounted Rent made permanently available for letting to persons at rents (inclusive of service charge) not exceeding the Capped Level and let on secure tenancy terms; Capped Rent Dwelling means an Affordable Rent Dwelling let on Capped Rent terms; CDM Regulations means the Construction (Design and Management) Regulations 2007 CEDR means the Centre for Effective Dispute Resolution;
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Capped Rent means low cost rental accommodation (as defined in Section 69 of HRA (2008)) other than Discounted Rent made permanently available for letting to persons at
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Capped Rent means a rent which would entitle the rented premises to be granted an exemption from the obligation to pay land tax under
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Examples of Capped Rent in a sentence

  • The definitions of the GLA’s two rent levels are: Capped Rent, which must be no greater than the higher of (i) 50% of the market rent (inclusive of service charge) and (ii) the Formula Rent for an equivalent dwelling; Discounted Rent, which must be no greater than the lower of (i) 80% of the market rent and (ii) the Local Housing Allowance.

  • The minimum Capped Rent level will be target rents (exclusive of service charge) and bids for properties at target rents will need to be justified to the GLA –e.g. where these properties are needed to facilitate re-housing of tenants affected by regeneration.


More Definitions of Capped Rent

Capped Rent means a rent for a Gypsy and Traveller Pitch of not more than the local market rent within Surrey or adjoining Counties inclusive of service charges for similar Gypsy and Traveller Pitches and which rent shall be subject to an annual percentage increase of a max of RPI+1 % thereafter, based upon RPI rate published for the preceding September;
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Related to Capped Rent

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

  • 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;

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

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

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

  • 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.

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

  • 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.

  • 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.

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

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

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • 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.

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

  • 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.

  • 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.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • 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.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • 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).

  • 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.

  • 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);