Existing Rent definition

Existing Rent shall have the meaning specified in Section 25.24 of this Lease.
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Existing Rent the yearly rent of £44,993.35 reserved by the Lease.
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Existing Rent as used therein would be deemed to refer to the total amount of Fixed
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Examples of Existing Rent in a sentence

  • Assist Tenants of Existing Rent Restricted Units to Obtain Section 8 Voucher Assistance: Tenants of housing units with expired Section 8 contracts are eligible to receive special Section 8 vouchers that can be used only at the same property.

  • Section 34.1(b) Existing Rent......................................

  • No weighting or ranking of the papers finally included was undertaken.

  • The Lease shall reserve the New Rent in the place of, and not in addition to, the Existing Rent.

  • The New Rent shall be payable from the date of this deed by the same instalments and on the same dates as the Existing Rent.

  • Tenant may only exercise Tenant's Refusal Right to Leasing by giving Landlord Notice of exercise within 10 business days after Landlord's Notice of Bona Fide Offer to Tenant, which Notice of exercise must unequivocally and unconditionally state: that Tenant is exercising the Refusal Right to Leasing: and whether Tenant is electing the "Bona Fide Offer Option" or the "Existing Rent Option" (defined below).

  • If Landlord at any time determines that the Conditions Precedent are not satisfied, and as a result Landlord does not make an Existing Rent payment (a "Missed Payment"), and if Landlord later determines that Tenant has satisfied such Conditions Precedent, Landlord will pay to the applicable Existing Landlord the Missed Payment, or in the event Tenant has paid the Missed Payment directly to such Existing Landlord, Landlord will reimburse Tenant for the Missed Payment as Landlord's Rent Contribution.

  • For all other applicants, complete the following columns: unit #, # of bedrooms, Annual Household Income, Existing Rent and Proposed Rent.

  • Provided an Event of Default has not occurred, Landlord agrees to credit Rent due by the amount Tenant pays for Existing Rent (as defined hereafter) incurred from and after the Commencement Date for the Existing Premises until the Expiration Date (as defined hereafter) or earlier termination of the Existing Lease, all as more particularly set forth herein: Representations and Warranties.

  • Tenant's election of the "Existing Rent -------------------- Option" means that Tenant has elected to add the entire space that was subject to Landlord's Notice of Bona Fide Offer in manner provided for the "Existing Rent Option" in Article XXI.


More Definitions of Existing Rent

Existing Rent means the rent a tenant is paying at a building subject to a Rental Replacement Permit Process on the date that an application is made to the City pursuant to this By-law.
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Existing Rent shall be the average annual “Rent Payments” (as defined below) calculated per rentable square foot on a net effective basis for the Premises. The “Rent Payments” shall be the sum of (i) the Base Rent as of the last day of the initial Lease Term, and (ii) the amount of Tenant’s Share of Direct Expenses payable by Tenant on an annual, per rentable square foot basis for the Premises immediately prior to the commencement of the Option Term, which Rent Payments shall be deemed to be increased by three and one-half percent (3.5%) on the first day of each Lease Year of the Option Term commencing on the first (1st) day of thirteenth (13th) month of the Option Term.
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Existing Rent means the actual rental rate; (including escalations applicable thereto) for the particular Early Delivery Space then being delivered to Assignee.
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Existing Rent means the yearly rent of FOUR HUNDRED AND FOURTEEN THOUSAND FOUR HUNDRED AND EIGHTY-FOUR POUNDS (L414,484 ). "Review Date" shall mean 25th December 2001 and "Demised Premises" shall mean the Demised Premises as defined in this Underlease. Clause 4.3(a)(iv) the words "both" and "and the outside" shall be deleted
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Existing Rent means the Yearly Rent payable in respect of the Demised Premises immediately prior to the Review Date namely £33,000 p.a. plus VAT
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Existing Rent means the yearly rent of FOUR HUNDRED AND NINETEEN THOUSAND ONE HUNDRED AND THIRTY-TWO POUNDS (L419,132) "Review Date" shall mean 25th December 2001 and "Demised Premises" shall mean the Demised Premises as defined in this Underlease Clause 4.3(a)(iv) the words "both" and "and the outside" shall be deleted Clause 4.8(d)(i)&(ii) the words "without the consent of the Landlord such consent not to be unreasonably withheld or delayed" shall be deleted Clause 5.4 the words "underleases (however inferior) surrenders" shall be deleted
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Related to Existing Rent

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

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

  • 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.

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

  • 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;

  • 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

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

  • 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.

  • 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.

  • 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.

  • 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);

  • 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.

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • 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).

  • 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.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • 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.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • 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.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • 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.

  • 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.

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

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.