Net Rental definition

Net Rental shall, for purposes hereof, mean the gross rental actually received by Landlord from such reletting less the amount of all costs incurred by Landlord in connection with such reletting (including, without limitation, broker’s fees, attorneys’ fees, costs of preparing the Premises for occupancy and any inducements granted to the new tenant). Tenant shall timely pay all amounts owed to Landlord during the Term. No delivery or recovery of any amount due Landlord pursuant to this Lease shall be any defense in any action to recover any amount not theretofore reduced to judgment in favor of Landlord, nor shall the reletting pursuant to this Section 14.2 be construed as an election on the part of Landlord to terminate this Lease unless a written notice of such intention shall be given to Tenant by Landlord. Notwithstanding any such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for such previous breach or Event of Default. If Landlord does in fact relet the Premises, Tenant shall not be entitled to any rentals or other consideration from such reletting, if any, that exceed any amounts owed by Tenant to Landlord; or

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Net Rental. All Rental payments made under this Rental shall be net to us. This means that you shall pay all taxes, tax pass along, fees and charges resulting from the ownership, possession, or use of this Rental or the Equipment during the term of this Rental. If the Equipment is subject to personal tax, we shall have the option to bill ▇▇▇ collect these charges when assessed or to establish a personal property tax account ("PPTA"). If a PPTA is established, we shall bill ▇▇▇ and you shall pay us a monthly assessment based on the average annual assessment charges in the State in which the Equipment is located. We shall have the right to change the monthly assessment based on the actual annual assessment. At the expiration of this Rental, you shall pay us for any deficiency in the PPTA. If, at the expiration of this Rental, there are any excess funds in the PPTA we shall pay that amount to you.

Net Rental means an agreement specification whereby the lessor receives an annual rent net to him, with the lessee paying all property taxes, insurance and cost of building maintenance, as well as operating expenses.

Examples of Net Rental in a sentence

Manager shall receive, as compensation for its services in marketing, managing, and advising on the day-to-day short-term rental operations of the Property in accordance with the terms of this Agreement, a management fee ("Management Fee") calculated as follows: Nineteen and one half percent (19.5%) of Net Rental Receipts unless the total purchase price of all properties managed on behalf of any corporate entity created by Arrived Holdings, Inc.
For each Accounting Period, the Manager shall use commercially reasonable efforts to provide Owner with a proposed budget, which shall include the projected: (i) Net Rental Receipts, (ii) Owner’s Operating Costs, and (iii) Working Capital Reserve.
If the Tenant loses the use of any part of the Leased Premises during the making of such additions and/or extensions, the Tenant shall be granted a proportionate reduction in Minimum Net Net Rental as compensation for loss of use (during the period and for the area of loss of use only); all of the foregoing without any other claims by the Tenant against the Landlord for damage and loss of use.
Within thirty (30) days after the end of each Accounting Period, Manager shall furnish to Owner a written statement, certified by the Manager's Chief Financial Officer, or at Owner’s election and expense an independent certified public accountant, to be correct, showing total (i) Gross Rental Receipts, (ii) Net Rental Receipts, and (iii) Owner’s Operating Costs, each by month and a total for the Accounting Period (“Annual Statement,” and together with the Monthly Statement, the “Statement”).
Payment of Management Fee/Expenses and Disbursement of Net Rental Receipts.
Within thirty (30) days after delivery of such statement, Tenant shall pay to Landlord the sum of (1) Additional Rent due to Landlord less the amount of all estimated payments on account of such Additional Rent paid by the Tenant during the preceding calendar year (“Net Rental Adjustments”) , and (2) one-twelfth (1/12th) of such Estimated Net Rental Adjustment for the present calendar year multiplied by the number of monthly rental payment dates having elapsed for such present calendar year.
Subsequent monthly Additional Rent payments shall thereafter be increased to one-twelfth (1/12th) of such Estimated Net Rental Adjustment.
As compensation for Manager’s services provided under this Agreement, (a) Manager shall retain fifty percent (50%) and Owner shall receive fifty percent (50%) of the Net Rental Proceeds that include “The Rancho La Puerta” Program, as defined below, subject to deductions as set forth in this Agreement.
For its services hereunder, Manager shall be entitled to a rental fee in an amount equal to thirty-seven percent (37%) of Net Rental Income.
Net Rental Income due to non-U.S. citizens will be subject to U.S. Federal Income tax withholding of 30% unless Owner submits to Manager prior to disbursement of such monies an accurate, completed and signed IRS Form W-8BEN proving exemption from tax withholding.

More Definitions of Net Rental

Net Rental for the Expansion Space shall mean an annual amount equal to the product of the yearly Expansion Space Net Rental Rate times the number of square feet of net rentable area of the Expansion Space, as such Expansion Net Rental Rate may be adjusted from Lease Year to Lease Year pursuant to the terms of this Second Amendment.

Net Rental means an annual amount equal to the product of Fourteen and 57/100 Dollars ($ 14.57) times the number of square feet of net rentable area of the Leased Premises, as such dollar amount may be adjusted from lease year to lease year pursuant to the terms of this Lease.

Net Rental means, for any period, the base rent received plus outgoings recovered less total expected outgoing expenditure from the Security Property, calculated by reference to the most recent Tenancy Report or Financial Report provided to ANZ.

Net Rental means the portion of Annual Rental due from the District as base rent for the Premises. The Net Rental applicable to the initial Lease Year is set forth in Section II(8)(e) of DC DGS Form L-102. The Net Rental shall escalate as set forth in Section 7.1 and on the Rent Schedule attached hereto as “Exhibit E”.

Net Rental shall be defined as the annual minimum rental due from Tenant to Landlord during the year in which the Tenant exercises its option to purchase. The Landlord shall convey the Demised Premises to the Tenant free and clear of all liens and encumbrances.