Rent Receivable definition

Rent Receivable means the Money paid or payable to You for rent of the Premises, including service charges, rendered in the course of Your Activities at the Premises.

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Rent Receivable means the amount of the rent received or receivable (including base rental, Turnover rental and contributions to outgoings) from the letting of property at the Business Premises.

Rent Receivable means periodic payments made to the Insured as lessors of Buildings belonging to the Insured ‘Rent Payable’ means periodic payments made by the Insured for the lease of Buildings not belonging to the Insured ‘Damage’ means accidental loss destruction or damage

Examples of Rent Receivable in a sentence

You must provide the Insurer at the inception of the Policy and annually thereafter with full details of the Rent Receivable.
The insurance by each item on Rent Receivable is extended to include loss as insured by this Section resulting solely from Damage to buildings or other property at any location within the Territorial Limits owned or occupied by Your managing agents for the purposes of their business in consequence of which the Rent Receivable by the Insured is reduced.
In the event that Premises occupied totally or partially for residential purposes suffer Damage and no Sum Insured on Rent for the residential portions has been allocated then this Policy extends to include such loss of Rent Receivable and other costs as specified under Section 2 — Loss of Rental Income.
The insurance extends to include any Rent Receivable of any Building within the Territorial Limits which You own or which You are responsible to insure which You have inadvertently failed to insure under this Policy or any other policy with the Insurer if shown as operative in the Schedule.
If as a result of Damage the Insurers are making a payment in respect of Rent Receivable and the payment by the Insurers to You is made later than the date upon which You would normally expect to receive such Rent from the lessee the Insurers will pay a further sum representing the interest which You would have earned by placing the money in Your normal deposit account on the earlier date.
Provided that if the Limit of Indemnity is less than the annual Rent Receivable, or a proportionately increased multiple thereof where the Maximum Indemnity Period exceeds twelve months, the amount payable shall be proportionately reduced.
Provided that: if the Sum Insured by the item on Rent Receivable be less than the Annual Rent Receivable (or a proportionately increased multiple thereof where the Maximum Indemnity Period exceeds twelve months) the amount payable shall be proportionately reduced.
Loss of Rent Receivable 1 The premium paid for Item E (Loss of Rent Receivable) may be adjusted on receipt by the Insurers of a declaration of Rent Receivable earned during the financial year most nearly concurrent with the Period of Insurance, as reported by the Insured’s auditors.
If any Incident shall have occurred giving rise to loss of Rent Receivable, the above-mentioned declaration shall be increased for the purpose of premium adjustment by the amount by which the Rent Receivable was reduced during the financial year solely in consequence of the Incident.
If the Sum Insured under this Item E (Loss of Rent Receivable) is less than the Annual Rent Receivable (or proportionate to a multiple thereof where the Maximum Indemnity Period exceeds 12 (twelve) months) the amount payable by the Insurers shall be proportionately reduced.

More Definitions of Rent Receivable

Rent Receivable means money paid or payable to You by tenants for accommodation and services provided in the course of the Business at the Premises.

Rent Receivable means the amount of rent and service charges received or receivable from the letting of the Premises.

Rent Receivable means the actual rent receivable by you at the time of the D e f i n e d event in respect of the premises, or in respect of such part of the premises as you may then have been letting.

Rent Receivable means money paid or payable to You by tenants for

Rent Receivable means the amount of rent received or receivable, and payments for services rendered, in the conduct of Business as property owner at the Premises.

Rent Receivable means the Money paid or payable to the Insured for rent of the Premises, including service charges, rendered in the course of the Business at the Premises.