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 has the meaning ascribed to such term in Section 10.5(a).
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Examples of Rent Arrears in a sentence

  • Security Deposit, Contract Rent, Tenant Rent, Arrears and Rental Assistance Payment Security Deposit $____________________ First Month Rent $____________________ Contract Rent $____________________ Time frame____________ to ____________ Tenant Rent $____________________ Time frame____________ to ____________ Arrears $____________________ Number of months ____________________ Total $____________________ Provided to the Landlord Payment Due Date.

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

  • This agreement between the Participant and (“Landlord”) describes how the Participant will pay the Rent Arrears by paying an additional payment of $ (“Additional Payment”), to the Landlord each month.

  • Security Deposit, Contract Rent, Tenant Rent, Arrears and Rental Assistance Payment Security Deposit $ First Month Rent $ Contract Rent $ Tenant Rent $ Arrears $ Time frame to Time frame to Number of months Total $ Provided to the Landlord Payment Due Date.

  • Further guidance on how landlords may regain possession of his property in the above situations is given in the Letting Centre’s Possession and Rent Arrears Pack.

  • In deciding whether it is reasonable to evict, the Tribunal will consider whether the Tenant being in arrears is due to a delay or failure in the payment of a relevant benefit and the extent the landlord has complied with pre-action requirements for rent arrears as required by The Rent Arrears Pre-Action Requirements (Coronavirus) (Scotland) Regulations 2020.

  • Security Deposit, Contract Rent, Tenant Rent, Arrears and Rental Assistance Payment Security Deposit $ _ First Month Rent $ _ Contract Rent $ _ Time frame _ to _ Tenant Rent $ _ Time frame _ to _ Arrears $ _ Number of months _ Total $ _ Provided to the Landlord Payment Due Date.

  • Security Deposit, Contract Rent, Tenant Rent, Arrears and Rental Assistance Payment Security Deposit $ Contract Rent $ Tenant portion $ Agency portion $ Paid to Owner/Landlord Agency Arrears $ Number of months _ Payment Due Date.

  • Free color Advice for Landlords dealing with Problem Tenants, Holiday Rent Requests, or Rent Arrears.

  • Eligible Rent Arrears shall not include any portion of Total Rent Arrears for which financial assistance during March, 2020 to December, 2020 has already been paid.


More Definitions of Rent Arrears

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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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

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Base Rent As defined in Section 3.1.

  • 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.

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

  • 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.

  • 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.

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • 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.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

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

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

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

  • 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.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

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

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

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

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

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

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

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