Rent Concession definition

Rent Concession means any rent-free or reduced rent period or rental allowance or capital payment in lieu or similar concession in respect of any period which would be required to carry out the fitting-out works of the willing tenant and to render the
Sample 1Sample 2Sample 3
Rent Concession means any rent free period or period of reduced or concessionary rent, in each case commencing on the Review Date, or any capital payment or other inducement which, in any such case, might reasonably be expected to be allowed or given to reflect the period reasonably required by a willing tenant to fit out the Premises in accordance with the practice of the open market on the Review Date.
Sample 1Sample 2Sample 3
Rent Concession means any rent-free period or period of reduced or concessionary rent, in each case starting on the date of the proposed underlease, that might reasonably be expected to be allowed or given in connection with the fitting out of any relevant underlease premises by the incoming willing lessee in accordance with the practice of the open market on the date of the proposed underlease;
Sample 1

Examples of Rent Concession in a sentence

  • The following exhibits, if any, have been made part of this agreement: [ ] Application to Rent [ ] Inspections List [X] House Rules [ ] Ordinance 82 [ ] Damage, Repair Cleaning [ ] Amenity Policy [ ] X.X.X.X.X. Addendum [ ] Parking/Towing Policy [ ] Rent Concession [ ] Washer/Dryer [ ] Microwave [ ] Other: ____________________ THE UNDERSIGNED OWNER (XXXXXX) ACCEPTS THIS AGREEMENT: Lessor: __Xxxx Xxxxxx_____ Address: 000 X.

  • Upon the mutual agreement of the AUTHORITY and CONCESSIONAIRE, this Agreement may be renewed for one (1), consecutive five (5) Contract Year period (“Option Term”), provided CONCESSIONAIRE is not in default hereunder beyond any applicable grace or cure periods in Rent, Concession Fees, or other payments to AUTHORITY at the time of notice requesting exercising the Option Term.

  • The "Fair Market Rent" equals the rent that Landlord would charge 8 Rent Concession: Any rent or similar concession, whether by free rent, for an apartment home comparable to the Apartment Home on the partially abated rent, reimbursed expenses, waived fees or otherwise.

  • If Landlord provides a Rent Concession such Rent directly for Resident's utility usage.

  • It always be clearly spelled out gather the inward agreement in a Rent Concession was granted.

  • To Seller's knowledge, as of the Execution Date, no tenant under any of the tenant leases affecting the Property is entitled to any remaining free rent or similar tenant rent concessions pursuant to its lease, except as expressly disclosed in the schedule attached hereto as Schedule 12.1.9 (the "Rent Concession Schedule"), which shall be updated as of the Closing to reflect any new or changed lease terms entered into in accordance with the terms of this Agreement.

  • Check all that apply: One-Time Rent Concession (concession for month cannot exceed prorated rent for month, if applicable) A One-Time Rental Concession of $ , is given for the month of , 20 .

  • Failure on the part of the Lessor to do so shall be an unlawful violation of the Rent Concession Act (765 ILCS 730).

  • If any payment of Space Rent, Concession Fees or other sum or charge otherwise payable by Concessionaire is not received by the Port within ten (10) days of when due, Concessionaire shall pay to the Port a late payment charge equal to five percent (5%) of the amount of such delinquent payment in addition to the installment of Space Rent, Concession Fees or other sum or charge otherwise payable by Concessionaire then owing, regardless of whether or not a Notice of Default has been given by the Port.

  • Except for security deposits, and as expressly disclosed on the Rent Concession Schedule, no base rents under tenant leases ("Rents") have been prepaid more than one (1) month in advance.


More Definitions of Rent Concession

Rent Concession means an amount calculated with respect to each such renewal Lease or new Lease, as follows: (a) the number of days from the execution date of the renewal Lease or new Lease until the Closing Date; multiplied by: (b) the result of: (i) the total rent payable for the renewal term or term under the Lease, as applicable, divided (ii) by the number of days in the renewal term of the Lease or term of the new Lease, as applicable.
Sample 1
Rent Concession. Provided Tenant is not in default of any of the terms and conditions of this Lease, Tenant shall be permitted to use and occupy the premises for the first three (3) months of the Lease Term without the obligation to pay Monthly Basic Rent to Landlord although Tenant shall be required to pay all other sums due and owing to Landlord under this Lease (specifically including electric charges).
Sample 1
Rent Concession means any rent-free or reduced rent period or rental allowance or capital payment in lieu or similar concession
Sample 1
Rent Concession. Provided that Tenant has furnished evidence of insurance as set forth in Section 37 hereof, Tenant may take occupancy of the premises on September 15, 1996, and shall not be liable for the payment of rent for the period ending October 31, 1996.
Sample 1

Related to Rent Concession

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession will not include vending machines.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Concessions means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Lease Month means each calendar month during the Term (and if the Commencement Date does not occur on the first day of a calendar month, the period from the Commencement Date to the first day of the next calendar month shall be included in the first Lease Month for purposes of determining the duration of the Term and the monthly Basic Rent rate applicable for such partial month).

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • 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.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Leases means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals.

  • 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.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Rentals of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  • 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.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Lease or rental means the leasing or renting of tangible personal property and the possession or use

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

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

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;