Rent Calculation Year definition
Rent Calculation Year. A period from May 1 of any year through April 30 of the following year.
Rent Calculation Year refers to the period for actual rent payment after the Rent-Free Period. The first Rent Calculation Year shall be from the day after the expiration of the Rent-Free Period to the day before the same date of the same month in the following year, and so on.
Examples of Rent Calculation Year in a sentence
It is equivalent to the rent of three months in the first Rent Calculation Year of the Leased Property, totaling RMB 836,100.39.