Gross Rental Income means the total of all charges paid by all tenants of the Project, less the cost of all utilities paid by the Partnership.
Gross Rental Income as used in this Agreement means gross income billed by Owner or by Management/Consultant related to the Property in any month, but excluding (i) capital gains, (ii) payments in the nature of indemnification or compensation for loss, damage or liability sustained, (iii) all purchase discounts, (iv) any expense reimbursement from tenants, (v) any sums which, under normal accounting practice, are attributable to capital, and (vi) all other receipts of whatever kind and nature. Such Management Fee is intended to compensate the manager for: (i) its general and overhead expense, (ii) all compensation and expenses of personnel employed by Management/Consultant which are not reimbursable as expense under Section 4.4, and (iii) all other expenses incurred by Management/Consultant which are not reimbursable under Section 4.4. Management/Consultant will not be entitled to any leasing commissions.
Gross Rental Income means contracted rent under the master lease agreements in relation to the Enlarged Portfolio which comprises base rent and variable rent (where applicable).
Examples of Gross Rental Income in a sentence
Manager will retain 20% of the Gross Rental Income for Unit rentals generated by or through Manager.
More Definitions of Gross Rental Income
Gross Rental Income means the actual sum of the Net Effective Rental Rates of all tenants in possession at each of the Properties, as of the date of determination.
Gross Rental Income means at any time the gross rents, service charges and other monies reserved by or arising out of the Occupational Leases and to which the Borrower is entitled and all other monies derived by the Borrower from any third parties relating to the use and/or occupation of the Property including without limitation any loss of rent insurance payments;
Gross Rental Income means cash rental income for a period including the respective accrued rent free periods for that period;
Gross Rental Income means contracted rent under the master lease agreements in relation to the Enlarged Portfolio which comprises the base rent and the variable rent (where applicable).
Gross Rental Income means rental income and management fee due from the
Gross Rental Income means, at any time with respect to any lease or other occupation of all or any part of a Property and on an annual basis, the aggregate of all amounts paid or payable to or for the account of the Borrowers allocable to, and in connection with, the letting or other occupation of all or any part of a Property including, without limitation, each of the following amounts:
Gross Rental Income. For any particular period of time, all amounts, payments, income and revenues actually received by Borrower during such period of time in the ordinary course of the use, occupancy or operation of the Real Property, including: (a) all Rents received pursuant to Qualifying Leases (including all reimbursements of operating expenses, Real Estate Taxes and other expenses received by Borrower during such period of time pursuant to Qualifying Leases); (b) all Lease Termination Payments; (c) all income and proceeds from business interruption, rental interruption and use and occupancy insurance with respect to the Real Property (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection 14961843v.6