Rent Arrears definition

Rent Arrears means rent that is owing after the date for the payment of the rent under a commercial lease;
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Rent Arrears for the purpose of this Paragraph shall mean Rentals (other than Percentage Rent) more than thirty (30) days past due plus Rentals (other than Percentage Rent) which are less than thirty (30) days past due if owed by a tenant which is more than thirty (30) days delinquent in the payment of Rentals applicable to the immediately prior month. With respect to any Rent Arrears arising under the Leases, Buyer shall pay to Seller on a Lease by Lease basis within the time described below any Rentals (other than Percentage Rent) actually collected that is applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that any Rent Arrears collected by Buyer shall be applied first to unpaid Rentals accruing under the subject Lease after the Closing Date, and then, only after all such past due Rentals have been collected, to unpaid Rentals accruing under the subject Lease prior to the Closing Date; further provided, however, that with respect to delinquent Estimated Tenant Charges (as defined below), if any, under the subject Lease, in no event shall Seller receive payment in excess of the Shortfall (as defined below). Any sums owed to Seller pursuant to the foregoing shall be paid by Xxxxx to Seller by the tenth (10th) day of the first calendar month following the month in which payment is received by Buyer. Buyer shall deliver to Seller by the tenth (10th) day of the first full calendar month after the Closing Date and every month thereafter, a statement of the collection status of each Rent Arrears until the sooner of (i) collection of all Xxxx Xxxxxxx and (ii) six (6) months after the Closing Date. If any Rent Arrears remain six (6) months after the Closing Date, Buyer shall deliver to Seller, within a reasonable time after request by Seller, a statement of the collection status of any remaining Rent Arrears.
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Rent Arrears means any arrears of the annual rent payable by the Tenant under the Tenancy Documents but unpaid at the Date of Actual Completion, whether or not demanded.
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Examples of Rent Arrears in a sentence

  • Rent Arrears Unpaid rent that is owed to You under a tenancy agreement, or would have been owed to You but for the breach of a tenancy agreement to let Your property: where DAS have accepted Your claim under Insured Incident J (b) Repossession.

  • CIHA may only use ERA Program Funds to pay Rent Arrears and Utility Costs Arrears for rent and utility and home energy costs incurred on or after March 13, 20201 for which Eligible Households are in arrears.

  • Priority debts have then been ranked as follows: 1) Former Housing Rent Arrears and tenancy-related charges2) Council Tax Arrears3) Arrears relating to supported accommodation and care in the home chargesAll debt will be actively pursued in accordance with the Corporate Debt Policy, however for accounting and collection purposes, the above debts will have priority.

  • Monthly 1/12th Facility Lessor Rent Arrears of arrears ------------------ ------ ------- ------- ---------- Northeast Cola NE Partnership $ 8,000 $ 8,000 $ 667 Lexington Carol Cox $ 4,594 $ 4,594 $ 383 Forest Acres Indigo Associates $ 6,696 $ 6,696 $ 558 Sumter Bob Dinkins $ 3,646 $ 7,292 $ 608 West Columbia Frances Burris $ 4,646 $ 9,292 $ 774 Beltline Joy Carpenter $ 4,016 $ 26,599 $ 2,217 Family Medical William Funderburk $ 13,695 $ - $ Cayce Statewide Partners $ 3,333 $ 9,999 $ 833 (Charles J.

  • If any Eligible Household has any Rent Arrears or Utility Costs Arrears, CIHA must first provide Financial Assistance under this ERA Program to pay all or a portion of those arrears before providing payments for any Current or Prospective Rent or Current or Prospective Utility Costs payments, if and only to the extent that those arrears were the result of financial distress caused by COVID-19.

  • Garage and parking space arrears should be monitored on a weekly basis and action taken in accordance with the Rent Arrears Policy.

  • Rent Arrears, the Date of Occurrence is the first date that any of the rent due under the terms of the tenancy agreement (or any other amount agreed between You and Your tenant) is not paid, unless this event and any other event leading to a claim have arisen from the same originating cause, in which case the Date of Occurrence will be the first of these events.

  • All charges should be paid in advance, however if the account is in arrears then the procedures will be followed in accordance with the Rent Arrears Policy.

  • Rent Arrears due from Current Tenants Rent Arrears due from Former TenantsTotal ArrearsTotal Arrears as % of Gross Rent of Dwellings Due The arrears shown in this note exclude water charges, heating charges and all other charges collected as part of tenants' rent.

  • A calculation of the amount of Rent Arrears is attached to this agreement and incorporated herein.


More Definitions of Rent Arrears

Rent Arrears has the meaning ascribed to such term in Section 10.5(a).
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Rent Arrears means one or more rental payments under the Tenancy Agreement that are not paid by the Tenant when they fall due.
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Rent Arrears means rental payments in arrears.
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Related to Rent Arrears

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

  • Arrears for this purpose means, in respect of a Loan, on any date that two or more Monthly Payments have become due and remain unpaid by the relevant Borrower, and this reporting line relates to repurchases under clause 8.11 of the Mortgage Sale Agreement.

  • 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.

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

  • 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.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • 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.

  • 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;

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

  • 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);

  • Lease Payments means the rental payments described in Exhibit A hereto.

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