Discounted Rent definition

Discounted Rent means low cost rental accommodation (as defined in Section 69 of the HRA 2008), other than Capped Rent, made permanently available for letting to persons at rents (inclusive of service charges) not exceeding the Discount Level and let on assured or secure tenancy terms;
Discounted Rent means the amount of the Rental Payments, determined in the manner set forth in Section 9.2 of this Lease, to be paid in full satisfaction of the Lessee's obligation to pay the remaining Rental Payments hereunder in the event that, as a result of the occurrence of any of the events described in Section 9.2 of this Lease, the Lessee shall have certified that it will prepay all remaining Rental Payments by paying the Discounted Rent and terminate the Lease.
Discounted Rent as used and defined herein):

Examples of Discounted Rent in a sentence

  • To encourage prompt payments, a Discounted Rent installment of $ may be paid by Tenant if paid in full BEFORE the first (1st) day of the month in which rent is due.

  • Also any check which is returned shall only be credited as a rent payment on the date the dishonored check clears Tenants’ bank, which may impact timely payment of rent or qualification for Discounted Rent under the terms of this Lease.

  • As an inducement of prompt rent payment, a Discounted Rent installment of $ dollars may be paid by Tenants if paid fully by 5:00 p.m. of the 3rd day of the month in which rent is due.

  • The Lessee shall have the option to terminate this Lease when payment of the Discounted Rent (as defined in Section 9.2 hereof but exclusive of clause (4) of that definition) shall have been made to the Lessor.

  • If, in lieu of repair and restoration, the Lessee has certified that it will prepay all remaining Rental Payments by paying the Discounted Rent and terminate this Lease in accordance with Article IX hereof, any Net Proceeds received by the Lessor or its designee prior to such prepayment shall be credited against the Discounted Rent payable by the Lessee pursuant to this Lease, and after such prepayment, no further Rental Payments shall be due hereunder.

  • If Tenants deliver a Discounted Rent installment and it is not delivered in the correct amount, or delivered after the 3rd day of the month, Landlord shall deliver or mail by the 10th of the month written notice of the failure to qualify for the Discounted Rent payment.

  • At the same time profits are moved along a chain of subsidiaries until they reside in a low-tax or no-tax jurisdiction.

  • The 2% Prompt Payment Discount shall be given monthly only if the Total Discounted Rent Payable specified in Clause 5 (i) is paid on or before the first day of each month.

  • If Landlord receives a Discounted Rent installment that is not before the first (1st) day of the month in which rent is due, or is not the correct amount due, then landlord shall mail or deliver by the tenth (10th) of the month written notice of the failure to qualify for the Discounted Rent payment.

  • 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.


More Definitions of Discounted Rent

Discounted Rent. As an inducement of prompt rent payment, a Discounted Rent installment is described below in the rent schedule as a semester payment may be paid by tenants if paid fully by 5:00p.m. on the 1st day of the month in which rent is due. If Tenant’s deliver a Discounted Rent installment and it is not delivered in the correct amount, or delivered after the 3rd day of the month, Landlord shall deliver or mail by the 10th of the month notice of failure to qualify for Discounted Rent payment. The written notice described in this paragraph shall set forth the balance owed on the Basic Rent obligation and specify the date by which Tenants must pay the balance owed for rent. There will be a $75.00 fee assessed for all checks returned for insufficient funds. (A) $8,400.00_____on or before April 1, 2020 (B) $8,400.00_____ on or before August 1, 2020 (C)_$8,400.00______on or before December 1, 2020 ***WE ONLY XXXX ON A SEMESTER BASIS, IF YOU DECIDE TO MAKE A MONTHLY PAYMENT THERE WILL BE A $25.00 PER MONTH FEE ADDED TO YOUR MONTHLY AMOUNT DUE. NO RENTAL BILLS WILL BE SENT TO YOU. THIS SCHEDULE OF PAYMENTS IS YOUR OFFICIAL NOTIFICATION OF RENTAL PAYMENT DUE DATES TO AVOID DELINQUENT PAYMENTS***

Related to Discounted Rent

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

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

  • 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.

  • 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.

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

  • 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;

  • 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.

  • 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.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Discounted Value means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal.

  • 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).

  • 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);

  • 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.

  • 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.

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

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

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

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

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

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

  • 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.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • 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