New Rent definition

New Rent means, in relation to the tenancy of a dwelling, the rent under the tenancy set at the next setting;
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New Rent means The yearly rent payable for the ensuing year from the date of each review.
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New Rent means the higher of the Rent payable immediately prior to the relevant Review Date (disregarding any suspension of payment of the whole or any part of the Rent as provided in this Lease) and the Open Market Rent of the Premises on the relevant Review Date
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Examples of New Rent in a sentence

  • Unless clause 5.4 of these Additional Terms applies, the new Rent payable from the First Review Date is the New Rent Amount stated in the Landlord’s Assessment.

  • If there is no Comparable Space in the Bank of America Building at the time, Tenant shall pay, as New Rent, whatever the fair market rent in the Bank of America Building would be if there was such Comparable Space in the Bank of America Building.

  • If Tenant fails to vacate by the Termination Date, Tenant shall be deemed and treated by the Landlord as a Holdover Tenant and, as such, shall still be bound to the terms of this Lease except that its new Term shall be month-to-month and the New Rent shall be equal to 115% of the Rent.

  • The New Rent shall never be an amount less than the Current Rent.

  • The Tenant shall, within a reasonable time given by the Lessor, make up all rent concessions enjoyed by the Tenant from Rent Start Date, that is the difference between the total amount of rents calculated pursuant to New Rent Criteria and the total amount of rents actually paid by the Tenant from Rent Start Date.

  • The New Rent shall be calculated by multiplying the then Current Rate by a fraction, the numerator of which shall be the Index for the month ending one hundred twenty (120) days prior to the upcoming anniversary date (Current Index) and the denominator shall be the Index for the month ending one hundred twenty (120) days prior to the previous Anniversary Date (Previous Index).

  • Expand New Rent Subsidies for Elderly or Disabled Adults In 2014, the City funded a successful rent subsidy and housing navigation pilot to prevent eviction and help rehouse seniors and adults with disabilities.

  • The party who is furthest from the appraiser's New Rent shall pay the fee of the appraiser, who's determination will be binding.

  • Notwithstanding anything to the contrary in the Lease, commencing on the New Rent Commencement Date, Tenant’s pro rata share of all Utility Costs (defined below) allocable to the Premises shall be billed by Landlord to Tenant as a separate cost item (rather than as part of Building Expenses and Project Expenses).

  • If Tenant continues to occupy Suite 370 after the New Rent Schedule Start Date, then it shall continue to pay Monthly Base Rent (as well as all Operating Expenses and Taxes) for that Suite per the terms of the Fifth Amendment until such time as Tenant vacates that suite, leaving it in the condition required by the Lease.


More Definitions of New Rent

New Rent means the rent (exclusive of Service Charges and other amounts payable by Party B under the Lease for the New Term) payable for the New Term, being the market rent for the Premises determined as set out in this Schedule.
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New Rent as at any Review Date means the higher of:
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New Rent as at the Review Date means the higher of:
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New Rent means any new or interim rent relating to the continuation or renewal of a Renewable Tenancy.
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New Rent means the Yearly Rent payable from and including the Review Date for the residue of the Term as a result of the review hereinafter provided
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New Rent means the rent to operate for the relevant Review Period
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Related to New Rent

  • 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;

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

  • Rent means Basic Rent and Supplemental Rent, collectively.

  • 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.