Profit rent definition

Profit rent means an amount equal to that of the rent payable under the tenancy on which the minor superior tenancy is in immediate reversion, less that of the rent payable under the minor superior tenancy.
View Source
Profit rent means an amount equal to that of the rent payable under the lease on which the minor intermediate lease is in immediate reversion, less that of the rent payable under the minor intermediate lease.
View Source
Profit rent means the difference between the annual lease rent determined by the market and the rent agreed upon by the lessor and the lessee.
View Source

Examples of Profit rent in a sentence

  • In calculating Net Profit, rent shall be deemed to have been received for any period of free rent, and any lump sum payment received by Tenant from an assignee or sublessee shall be treated like any other amounts so received by Tenant for the applicable annual period and shall be utilized in computing Net Profits in accordance with the foregoing.


More Definitions of Profit rent

Profit rent means an amount equal to that of the rent payable under the tenancy
View Source

Related to Profit rent

  • 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).

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

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

  • 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.

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