Overhead Rent definition

Overhead Rent means Tenant’s proportionate share of Operating Expenses and Taxes, together with all applicable Florida state sales tax which shall be paid by Tenant to Landlord concurrently with payments of Base Rent, initiating on the Rent Commencement Date and continuing through the Lease Term, in accordance with the scheduled Base Rent contained in this Rider and as provided in Section 3(B). The estimated Operating Expense to be charged to Tenant during the initial calendar year of the Lease Term is $16.13 per square foot, subject, however, to annual reconciliation and, as applicable, adjustments each in successive Operating Year of the Lease Term pursuant to Section 3.B.
Overhead Rent means the total of Tenant's allocated Share of Operating Expenses and Taxes.
Overhead Rent means the aggregate sum of (a) the total amount of Real Estate Taxes that are in excess of the Real Estate Taxes for the Base Year, (b) the total amount of Operating Costs that are in excess of the Operating Costs for the Base Year, and (c) the total amount of Capital Costs that are in excess of the Capital Costs for the Base Year.

Examples of Overhead Rent in a sentence

  • The term "Rent" shall refer collectively to Base Rent, Overhead Rent and Additional Rent.

  • In addition to Base Rent and Overhead Rent, Tenant shall and hereby agrees to pay to Landlord each month a sum equal to any sales tax, tax on rentals and any other similar charges now existing or hereafter imposed, based upon the privilege of leasing the space leased hereunder or based upon the amount of rent collected therefor.

  • As used herein, "Overhead Rent" means the total of Tenant's allocated Share of Operating Expenses and Taxes.

  • Additionally, fees and assessments of the Association paid by the Landlord shall be deemed Operating Expenses for the purpose of determining Overhead Rent.

  • Subsequent to the issuance of a xxxx for Taxes, Landlord shall give Notice of such Taxes to Tenant which Notice shall include a copy of such xxxx, together with Landlord’s Statement for Taxes, and Tenant shall pay the Overhead Rent set forth on such Statement within thirty (30) days such Notice is given.

  • The Base Rent and Overhead Rent payable under this Lease during the unexpired portion of the Lease Term shall be adjusted to such an extent as may be fair and reasonable under the circumstances.

  • The Security Deposit will be retained by Landlord as security for the payment by Tenant of Base Rent, Overhead Rent and any Addition Rent for the faithful performance by Tenant of the terms and conditions of this Lease.

  • Tenant covenants and agrees to pay a late charge in the amount of Seventy Five and 00/100 ($75.00) Dollars for any payment of Rent (Base Rent, Overhead Rent, or Additional Rent) not received by Landlord on or before the date when same is due.

  • The term “Rent” collectively refers to Base Rent, Overhead Rent and Additional Rent.

  • Tenant shall pay to Landlord, concurrently with each such payment of Base Rent, Overhead Rent or such other charges hereunder, the amount of Sales Tax attributable to the payment being made to Landlord.


More Definitions of Overhead Rent

Overhead Rent means the aggregate sum of (a) the total amount of Real
Overhead Rent means the total of Tenant's allocated Share of Operating Expenses and Taxes. The Overhead Rent for the first calendar year hereunder, or portion thereof, shall be set at Four and 50/100 Dollars ($4.50) per square foot of Rentable Area ("Base Year Overhead Rent"). However, in no event shall the Tenant's Share of the Controllable Operating Expenses be increased by more than Eight Percent (8%) on an on-going cumulative basis from that charged to Tenant as part of Overhead Rent, for the immediately preceding calendar year. Increases in Operating Expenses

Related to Overhead 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;

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

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

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

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

  • 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.

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

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • 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.

  • 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.

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

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

  • 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.

  • 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.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • 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.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • 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.

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

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • 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.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.