Loss of Rent definition

Loss of Rent means loss of all Basic Rent or other income from the Building due to damage or destruction by any of the Insured Risks for a minimum period of three years having regard to potential increases in that income as a result of lettings, rent reviews or other matters which may occur;

Loss of Rent means loss of the Basic Rent for three years (including proper allowances for increases in the Basic Rent under the provisions for rent review contained in this lease);

Loss of Rent means loss of three years rent of the Premises (including proper allowances for increases in rent pursuant to the provisions for rent review herein contained)

Examples of Loss of Rent in a sentence

• Where the Lot is leased out or would have been leased out, the Loss of Rent incurred by the Lot Owner if the Lot or Common Area is made unfit to be occupied for its intended purpose.

• Where the Rent Receivable is subject to a rent review during the Period of Insurance the relevant Sum Insured will be automatically increased to reflect the revised Rent Receivable earned up to a maximum increase of 100% of the Loss of Rent Sum Insured stated on the Schedule.

• Loss of Rent caused solely by Damage by any of the insured Events 1 – 10 of this Insurance (and not otherwise excluded) to buildings or other Property at any location owned or occupied by Your Managing Agents for the purposes of their business in consequence of which Your Rent receivable is reduced.

• However, Our maximum liability for Loss of Rent, and Temporary Accommodation is limited to the amount or percentage of the Limit of Liability shown in Your Policy Schedule.

• If no Sum Insured on Rent received from the Residential Property is included on the Schedule We will cover Loss of Rent in respect of such Property in accordance with ‘How We settle claims for Rent of Buildings which suffer Damage’ except for the provisions of paragraph 3 B).

More Definitions of Loss of Rent

Loss of Rent means loss of Rent for three years in an amount which takes into account the Landlord's reasonable estimate of any potential increases of Rent in accordance with the provisions of schedule 5

Loss of Rent means the loss of all Rent for a period of three years.

Loss of Rent means loss of three years' rent of the Premises (including proper allowances for increases in rent pursuant to the provisions for rent review herein contained)

Loss of Rent means loss of all Basic Rent from the Building due to damage or destruction by any of the Insured Risks for a period of three years having regard to potential increases in that income as a result of lettings rent reviews or other matters which may occur

Loss of Rent means with respect to a Lease, the amount of lost and unrecovered economic value in respect of a Rental Property measured by and including:

Loss of Rent loss of the Rent for a period of not less than 3 years

Loss of Rent means loss of the Rent for [three] years Permitted Use: The Property shall be used to provide residential accommodation to Service Users (Asylum Seekers) in accordance with the AASC Contract which may include use of the Property from time to time for multiple occupation including as an HMO and granting occupational licences to Service Users Plant: means all plant and equipment belonging to or in the control of the Landlord and serving the Building; Property: «Flat_Number»