Physical Occupancy definition

Physical Occupancy means the percentage occupancy of a self-storage and/or mini-warehouse facility determined by dividing (x) the aggregate number of rentable square feet actually occupied by tenants at such facility by (y) the aggregate number of rentable square feet at such facility.
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Physical Occupancy means physical occupancy based on sqm and excludes land and development; in per cent.
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Physical Occupancy meaning the first to occur of (A) the date Tenant or its contractors, agents or other representatives move any significant amount of materials, equipment or other items into any portion of the 27th Floor Space, or (B) the date any such parties commence performance of any of Tenant's Work within the 27th Floor Space), time being of the essence. The notice delivered by Tenant (herein, the "EXERCISE NOTICE") shall specify the exact area, configuration and location of the 27th Floor Space, as adjusted by the Contraction Space or Expansion Space (as the case may be), which Tenant desires to be included as part of the initial Premises hereunder; provided, however, that:
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Examples of Physical Occupancy in a sentence

  • If the Operating Partnership determines that the applicable Controlled Properties have both Economic Occupancy and Physical Occupancy consistent with or exceeding local market levels for self-storage and/or mini-warehouse facilities for such periods, then the Operating Partnership shall so notify the applicable Manager Parties pursuant to a written notice in accordance with the provisions of Section 8.4(b) below.

  • It does not represent actual rental revenue collected per unit.Average Physical OccupancyAverage Physical Occupancy represents the average of the daily physical occupancy for an applicable period.Development CommunitiesCommunities remain identified as development until certificates of occupancy are obtained for all units under development.

  • Average Physical OccupancyAverage Physical Occupancy represents the average of the daily physical occupancy for the quarter.

  • Average Physical OccupancyAverage Physical Occupancy represents the average of the daily physical occupancy for the respective period.Development CommunitiesCommunities remain identified as development until certificates of occupancy are obtained for all units under development.

  • Average Physical OccupancyAverage Physical Occupancy represents the average of the daily physical occupancy for an applicable period.Development CommunitiesCommunities remain identified as development until certificates of occupancy are obtained for all units under development.

  • CIM Urban REIT and Borrower shall not permit: (i) the aggregate Physical Occupancy Rate for all Unencumbered Properties to be less than eighty percent (80%), or (ii) the Economic Leasing Percentage to be less than seventy percent (70%) for each individual Unencumbered Property, or (iii) the average Hotel Occupancy Rate to be less than sixty percent (60%) for all Unencumbered Properties, which are hotel Properties, as of the last day of any fiscal quarter of the Companies.

  • Borrower shall not permit: (i) the aggregate Physical Occupancy Rate for all Unencumbered Properties to be less than eighty percent (80%), or (ii) the Economic Leasing Percentage to be less than seventy percent (70%) for each individual Unencumbered Property, or (iii) the average Hotel Occupancy Rate to be less than sixty percent (60%) for all Unencumbered Properties, which are hotel Properties, as of the last day of any fiscal quarter of the Companies.

  • Full Year 2022 GuidanceThe Company has revised its guidance for its full year 2022 same store operating performance, EPS, FFO per share and Normalized FFO per share as listed below:Same Store (includes Residential and Non-Residential): Physical Occupancy Revenue change Expense change NOI change EPS FFO per share Normalized FFO per share The Company has a glossary of defined terms and related reconciliations of Non-GAAP financial measures on pages 28 through 33 of this release.

  • The Company defines Physical Occupancy as the number of occupied homes divided by the total homes available at a community.​QTD Same-Store Communities: The Company defines QTD Same-Store Communities as those communities Stabilized for five full consecutive quarters.

  • SAME STORE OPERATING RESULTS Same Store Operating Measures: Average Physical Occupancy 88.1 % 92.6 % -450 bp 89.0 % -90 bp Average Rent/unit $ 726 $ 724 0.3% $ 725 0.1 % Total Same Store Revenue $ 265.6 $ 275.0 -3.4% $ 266.2 -0.2 % Expenses (115.8 ) (111.9 ) 3.5% (113.9 ) 1.7 % NOI ($mm) $ 149.8 $ 163.1 -8.1% $ 152.3 -1.6 % AIMCO CAPITAL—Aimco Capital oversees affordable property operations, asset management and transactional activities, and is led by a management team dedicated to this sector.


More Definitions of Physical Occupancy

Physical Occupancy means that Tenant shall not have entered into any assignment or entered into any subleases other than any transaction permitted under Section 12.07 of the Lease.
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Related to Physical Occupancy

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Certificate of Occupancy means a document issued by the Town certifying that the building or structure, or portion thereof, complies with the approved construction documents that have been submitted to, and approved by the Town, and indicating that the building or structure, or portion thereof, is in a condition suitable for occupancy.

  • Owner-occupied means property that is the principal

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • the Premises means the building or part of the building booked and referred to in the contract

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack, locker or bicycle stacker for the purpose of parking and securing bicycles, and:

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Unoccupied means the dwelling is not being inhabited as a residence.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Authorized occupant means a person entitled to occupy a dwelling unit with the consent of the

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Own Occupation means your occupation that you were performing when your Disability or Partial Disability began. For the purposes of determining Disability under this plan, Liberty will consider your occupation as it is normally performed in the national economy.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Licensed premises means all areas associated with the operations of the licensee, including, but not limited to:

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Mental abnormality means a congenital or acquired condition affecting the emotional or volitional capacity which predisposes the person to the commission of criminal sexual acts in a degree constituting such person a menace to the health and safety of others.

  • Regulated occupation means an occupation in which a person is licensed, certified, or registered by one (1) of the following: