Notional Rent definition

Notional Rent until the first Notional Rent Review Date, the Main Rent and, from each Notional Rent Review Date, the sum calculated in accordance with paragraph 3.1
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Notional Rent means the annual rental revenue of Concessionaire from sub-licensing of any space from Commercial Area on rental basis at the project site as per the provisions of the Agreement. The Notional Rent for such rented space shall be calculated by following method;
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Notional Rent means the amount by which the Minimum Rent exceeds the Net Rent such sum to be calculated on an annual basis but to be adjusted on a daily basis where rent is payable for any part of a year at the start or the end of the Approved Letting; Period means the period between the date that is 4 weeks after Completion and the date that is 5 years after Completion or (if earlier) the date on which the Buyer assigns its interest in the Property other than by way of a bona fide charge as security for funding in relation to the purchase of the Property;
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Examples of Notional Rent in a sentence

  • Notional Rent, b) Municipal Rent Correct Answer: a) Justification of correct answer:Income from house property is taxable on the basis of annual value.

  • Benefits to the CCG In the StHK health economy, a local new build Practice was able to demonstrate potential savings of £100k per annum Notional Rent savings, due to the reduced need for storage space following E-storage of LG records.

  • It should be noted that failure to provide details when requested might result in the application of a Notional Rent.

  • Office of U.S. Attorney, 171 F.R.D. 53, 55 (E.D.N.Y. 1997); Pray v.

  • The CCG can provide Guidance Notes to assist GP contractors through the Rent Review or Notional Rent process.

  • The Chief Finance Officer drew the Committee’s attention to the delegated Primary Care expenditure which provided a summary of the key budgets including:- • Core contract payments to APMS, GMS and PMS practices• Direct Enhanced Service (DES) expenditure• Notional Rent reviews• Additional Roles Reimbursement Scheme (ARRS) He noted the practice income guarantee in response to Covid-19 NHSE/I guidance with further guidance expected imminently.

  • It was then denied that the agreement named ‘ Notional Rent Agreement’ was forced and coerced upon the plaintiff by the defendant with additional pleading that the same was executed voluntarily at the plaintiffs request and in the presence of counsel for the plaintiff but the plaintiff breached the terms thereof.

  • Following this explanation the contractors wrote to this Unit on 11 July 2017 to make additional representations relating to paragraph 43 of the premises Costs Directions 2013 and the abatement of Notional Rent.

  • It is important to note that this idea was indeed put into practice, under the leadership of Paul Wolfowitz, twice before it made its appearance in an official strategic document in 1992: “Paul Wolfowtiz … who as assistant secretary of state for East Asia in the Reagan administration was the crucial figure in forcing from power two Pacific Rim dictators: Ferdinand Marcos of the Philippines in 1985 and Chun Doo Hwan of South Korea in 1986” (Frum and Perle 2003: 159-60).

  • Reason(s) for creating this course: Providing each HPSH major, minor, and certificate requiring a 4000-level internship with a uniquely numbered internship course will avoid confusion for students about which internship they need to take and clearly indicate that students, who pursue several programs within the department of HPSH, cannot double-dip for their internships.


More Definitions of Notional Rent

Notional Rent means the aggregate of:
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Notional Rent means the rent amount setout in schedule “C” for each Managed Unit and is used to determine each Participating Owner’s Pro Rata Share of monthly Rental Revenue. The monthly rental rates setout in schedule “C” were sourced from the leaseback rental rates offered to all unit purchasers by Durham Standard Condominium Corporation No. 323 and Durham Standard Condominium Corporation No. 306’s declarant at the time of registration. The listed rental rates are intended to be a reflection of the fair value of each unit in relation to all other units when factoring unit size, unit bedroom count, unit configuration, unit floor level, and unit exterior veiw.
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Related to Notional Rent

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Base Rent As defined in Section 3.1.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

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

  • 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.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.