Rent Concession Amount definition
Rent Concession Amount has the meaning ascribed to it under the section headed “The New Laurel House Commercial Property Leasing and Operational Management Services Agreement – Service Remuneration and Payment Terms – Calculation Method of the Service Remuneration – Rent Concession Amount” in this announcement “RMB” Renminbi, the lawful currency of the PRC “Service Remuneration” has the meaning ascribed to it under the section headed “The New Laurel House Commercial Property Leasing and Operational Management Services Agreement – Service Remuneration and Payment Terms – Calculation Method of the Service Remuneration” in this announcement
Examples of Rent Concession Amount in a sentence
Guaranteed Rental Income Amount During the term of the agreement, Yuehai i-Club undertakes that Guangdong Property Development will obtain the agreed guaranteed rental income (the “Guaranteed Rental Income Amount”) of RMB12,290,000 (equivalent to approximately HK$15,032,000) per year, subject to deduction of the Rent Concession Amount (if any).
Target Rental Income Amount The target rental income amount (the “Target Rental Income Amount”) is RMB15,590,000 (equivalent to approximately HK$19,068,000) per year, subject to deduction of the Rent Concession Amount (if any).