Examples of Rent Receivable in a sentence
Rent Receivable The money including service charges paid or payable to You from the letting of Premises specified in the Schedule.
No additional premium will be charged for this increase in cover during the Period of Insurance provided that You advise Us, prior to renewal, of the revised Rent Receivable for the next Period of Insurance.
Where the Rent Receivable is subject to a rent review during the Period of Insurance the relevant Sum Insured will be automatically increased to reflect the revised Rent Receivable earned up to a maximum increase of 100% of the Loss of Rent Sum Insured stated on the Schedule.
If cover is shown as operative in Your Schedule, We will cover You for loss as described under Section 4 Rent Receivable caused by an Accident to Covered Equipment.
Our maximum liability will not exceed £5,000 in total for all claims or series of claims arising out of any one original Accident, including if shown as operative, any actual loss under Section 4: Rent Receivable in respect of Damage to Computer Equipment whilst away from the Premises.