Real Estate Tax Year definition
Real Estate Tax Year means each successive twelve-month (12) period, following and corresponding to the period in respect of which the Base Year Real Estate Taxes are established, irrespective of the period or periods which may currently, or from time to time in the future, be established by competent authority for the purposes of levying or imposing Real Estate Taxes.
Real Estate Tax Year. Means each successive 12-month period following and corresponding to the period in respect of which the base real estate taxes are established irrespective of the period or periods which may from time to time in the future be established by competent authority for the purposes of levying or imposing real estate taxes.
Real Estate Tax Year means the fiscal year of the District of Columbia being October 1st of one Calendar Year through September 30th of the next succeeding Calendar Year, or such other twelve (12) calendar month period as Landlord may determine from time to time during the term of this Lease, including such other period as may be defined as the fiscal year of the District of Columbia from time to time during the term of this Lease. The term "Real Estate Tax Year" shall include any period of adjustment which may result from a change in designation of the period identified by the District of Columbia as its fiscal year.
Examples of Real Estate Tax Year in a sentence
The Seller has obtained information, which indicates that your Unit may continue to be assessed and/or taxed as a “Common Area”, rather than as a separate “Condominium Unit” through the end of Fiscal Real Estate Tax Year 2020, which ends on June 30, 2020.
Real Estate Tax Year 2022: Our next real estate distribution is March 11th.
If any Real Estate Taxes levied against the Land, Building or improvements covered hereby or the rents reserved therefrom, shall be evidenced by improvement bonds or other bonds, or in any other form, which may be paid in annual installments, only the amount payable for a Real Estate Tax Year elapsing during the Lease Term shall be included as Real Estate Taxes for purposes of this definition.
Tenant shall pay to Landlord, as Additional Rent, Tenant's pro rata share, as specified in subparagraph (4)(b) of the amount by which Real Estate Taxes for or attributable to the then current Real Estate Tax Year exceeds the Base Real Estate Taxes.
Real Estate Tax Year 2021: The first installment due date was July 7, 2022.
More Definitions of Real Estate Tax Year
Real Estate Tax Year means each successive twelve month (12-month) period following and corresponding to the period in respect which the base real estate taxes are established, irrespective of the period or periods which may from time to time in the future be established by competent authority for the purposes of levying or imposing real estate taxes. Each year commencing January 1, 2001, Lessee shall pay to Lessor within thirty (30) days after demand in writing therefore, itemizing the assessed valuation of the property, the tax rate and the real estate taxes and assessments payable thereon for the Real Estate Tax Year, as additional rent as defined in Section 4(e) which shall not be deductible from any rental, Lessee's pro rata share, determined in the manner hereinafter provided, of any increase in Real Estate Taxes for or attributable to the then current Real Estate Tax Year over the Base Real Estate Taxes (all as defined above). Lessee's share, as aforesaid, shall be 17.45% of the total increase, which share shall be increased or decreased if the Demised Premises shall be increased or decreased during the term of any renewal hereof. Lessee's share has been determined based upon the assumption that the Demised Premises will include prior to January 1, 2001 both the Fourth Floor and Fifth Floor.
Real Estate Tax Year means the 12-month period beginning July 1 of each year or such other 12-month period (deemed for the purposes of this Lease to have 365 days) established as a real estate tax year by the taxing authority having lawful jurisdiction over the Property.
Real Estate Tax Year means each successive twelve month period following and corresponding to the period in respect of which the Base Real Estate Taxes are established, irrespective of the period or periods which may from time to time in the future be established by competent authority for the purposes of levying or imposing real estate taxes. Any inheritance, estate, succession, transfer, gift tax, or capital levy shall not be included in Real Estate Taxes and further, no franchise, corporation, income or profit tax calculated upon the Landlord’s net income shall be passed through to the Tenant, except to the extent that if at any time during the Term of this Lease the methods of taxation prevailing at the commencement of the term of this Lease shall be altered so that in lieu of, or as a substitute for, the whole or any part of the taxes, assessments, levies, impositions or charges now levied, assessed or imposed on real estate and the improvements thereon, there shall be levied, assessed or imposed a tax, assessment, levy, fee or other charge: (i) on or measured by the rents received therefrom; (ii) measured by or based in whole or in part upon the Building and imposed upon Landlord; or (iii) measured by the rent payable by Tenant under this Lease, then all such taxes, assessments, levies, impositions, charges or fees or the part thereof so measured or based, shall be deemed to be included within the term “Real Estate Taxes”.
Real Estate Tax Year means each twelve (12) consecutive month period commencing January 1st of the calendar year during which the Commencement Date of this Lease occurs, provided that Landlord, upon notice to Tenant, may change the Real Estate Tax Year from time to time to any other twelve (12) consecutive month period and, in the event of any such change, Tenant’s Share of Real Estate Taxes (as hereinafter defined) shall be equitably adjusted for the Real Estate Tax Years involved in any such change.
Real Estate Tax Year means each successive twelve
Real Estate Tax Year means the annual period for which Real Estate Taxes are assessed and billed.
Real Estate Tax Year shall include any period of adjustment which may result from a change in designation of the period identified by the District of Columbia as its fiscal year.