Gross Rental Revenue shall refer to all income collected by Glenborough from tenants of the Property and payable to or for the benefit of Rancon (including without limitation rental or business interruption insurance collected in lieu of rental income, expense pass-through items such as real property taxes and insurance, and rentals or fees paid for parking), excluding, however: (i) security deposits, until such deposits are applied as rental income upon termination of a lease; (ii) rents paid in advance of the date such rents are due, until the date on which such payments are due as rent; (iii) monies collected for capital items which are paid for by tenants; (iv) interest on bank accounts maintained with respect to the Property; (v) settlements or recoveries in judicial proceedings representing other than compensation for lost rental; and (vi) any income constituting debt service on a tenant improvement loan.
Gross Rental Revenue means, with respect to an eligible rental housing project, the aggregate of all moneys received or receivable in a taxation year by an eligible corporation from or on behalf of tenants for:
Gross Rental Revenue means any Rental Rate income received by any person in connection with or attributable to the rental of the Unit to Rental Tenant.
Examples of Gross Rental Revenue in a sentence
Gross Rental Revenue is defined as the nightly rent collected from guests for reservation of the Unit, including pet fees and guest claims that the Property Manager successfully pursued.
As compensation for Manager’s services provided under this Agreement, manager shall retain ten percent (10%) of all Gross Rental Revenue.
The Report disclosed that Windjammer’s underlying books and records indicated that the reported Gross Rental Revenue in the Rental Pool Profit Distribution Statements was not the real Gross Revenue collected by Windjammer for the Rental Pool Operations.
That in fact the real Gross Rental Revenue had been subjected to deductions not contemplated by the Rental Pool Agreement.
Pursuant to the Management Agreement and subject to the terms of the Loan Documents, the Property Manager will be entitled to receive a property management fee equal to three percent (3.0%) of Gross Rental Revenue (as defined in the Management Agreement) but in no event less than $7,500.00 per month during “lease-up” (as more particularly described in Section 3.1 of the Management Agreement (the “Base Management Fee”).
More Definitions of Gross Rental Revenue
Gross Rental Revenue. Gross Rental Revenue" means all sums paid by renters for rental of Vehicles during the prior month from the Velocity Locations, including time and mileage charges, additional driver fees, but excluding sums paid for insurance, sales, use or other taxes, government imposed fees, deposits, fuel, and amounts collected as a result of damage to, or loss of, rental Vehicles.
Gross Rental Revenue means the total revenue from all real estate activities including rent, base rent, expense passthroughs, settlements, prepaid rent, fees, and other activities related to the rental operation. Gross Rental Revenue does not include fees paid to the management entity for their services.
Gross Rental Revenue means all income collected by Developer (acting as “Manager” under the Management Agreement”) from tenants of the Agency Parcels and payable to or for the benefit of Agency (including without limitation rental or business interruption insurance collected in lieu of rental income, expense pass-through items such as real property taxes and insurance, rentals or fees paid for parking, and common area maintenance charges), excluding, however: (i) security deposits, until such deposits are applied as rental income upon termination of a lease; (ii) rents paid in advance of the date such rents are due, until the date on which such payments are due as rent; and (iii) monies collected for capital items which are paid for by tenants.
Gross Rental Revenue shall refer to all income collected by PacWest from tenants of the Property and payable to or for the benefit of the Partnership (including rental or business interruption insurance collected in-lieu of rental income, expense pass-through items such as real property taxes and insurance, and rentals or fees paid for parking), excluding, however:
Gross Rental Revenue as used herein shall mean the gross amount of payments to Owner or Manager for the benefit of Owner made as rent, fees, charges or otherwise for the use or occupancy of the Property of for any services, equipment or furnishings provided in connection with such use or occupancy, but Gross Rental Revenue shall not include security deposits, prepaid rents (if collected more than one month in advance), money received pursuant to bills separately rendered to tenants for tenant improvements or tenant reimbursements of water and sewer charges to be includeable in Gross Rental Revenue, or money received pursuant to tax and operating recapture or escalation clauses in lease instruments affecting the Property which have the effect of increasing income.
Gross Rental Revenue means any income received for Rental, except for Amenity Fees and monies paid for other services that Agent may provide in addition to the rental of the Unit. Any “no-show” collections will be included in Gross Rental Income.
Gross Rental Revenue as used herein shall mean the gross amount of payments to Owner or Manager for the benefit of Owner made as rent, fees, charges or otherwise for the use or occupancy of the Property of for any services, equipment or furnishings provided in connection with such use or occupancy, but Gross Rental Revenue shall not include security deposits, prepaid rents (if collected more than one month in advance), money received pursuant to bills separately rendered to tenants for tenant improvements or after hours utility costs.