Rent Reviews definition

Rent Reviews. The rent will be payable for the first year with a review after this initial period carried out as part of the negotiations surrounding Xxxxx Xxxxxxx / continuation of Pop-Up Kiosk use (subject to planning approval), and then in accordance with the terms of the agreement. Deposit: Insurance: The Operator will not be required to provide a deposit. The Client will insure the structure of the buildings with the Operator responsible for contents, fixed equipment, employee and third party insurance. Repairing Responsibilities: The Operator will repair and replace all equipment as listed in the ‘Cadw Service Standard Requirements and Operator Responsibilities’ section, and in orange above, for the duration of the contract. The Operator is also responsible for the servicing of all equipment and infrastructure of the Pop-Up Kiosk, emergency call outs and for all general maintenance, to keep both equipment and the internal of the building in good repair. Sub Letting: There will be no right to assign, sub-let or part with possession of the whole or any part of the premises.
Rent Reviews. 29th September 2019 and 29th September 2024. Alienation – Ability to assign or underlet the whole premises only, and an assignment is to be subject to an Authorised Guarantee Agreement.
Rent Reviews. It is important to maintain rents at a market level. To achieve a fair balance for both you and your tenants, we aim to review rents at least every 2 years. We will advise you accordingly where a rent amendment is appropriate. Tenancy Deposit: The Tenancy Deposit can only be for an amount equivalent to 5 weeks’ rent and it will be initially taken by Willsons before being transferred to the TDS. At the end, the deposit can only be retained in part or whole to rectify any damage (over and above fair wear and tear) caused by your out-going tenants at the end of the tenancy. It can also be used to recover unpaid rent, in full or in part. Deposits from tenants must be protected via a registered tenancy deposit scheme with prescribed information given to tenants within the required timescale. Tenancy Deposit Scheme, PO Box 1255, Hemel Hempstead, Hertfordshire, HP1 9GN. Tel: 0000 000 0000. Web: xxx.xxx.xx.xxx Email: xxxxxxxx@xxx.xx.xxx End of Tenancy: With our fully managed and rent collection services, at the end of the tenancy as Managing Agent, Willsons will inspect the property and ‘check out’ the out-going tenant. Dependent upon the condition of the property at that time, we will advise both parties on how much of the deposit should be returned to the out-going tenants. Payments will be made within 10 working days of written consent from both parties. In the event of a dispute, Willsons will endeavour to negotiate an agreement between both parties. If unresolved, the dispute is referred to an Independent Case Examiner from The Dispute Service Ltd and Willsons will forward the full deposit (less any amount already agreed) to them. Both parties and Willsons must agree to co-operate with the process and the decision will be final and binding. (The statutory rights of either party to take legal action against the other remains unaffected.)

Examples of Rent Reviews in a sentence

  • The fees stated above for Rent Reviews, Lease Renewals, Rating, Dilapidations, Compulsory Purchase, etc.

  • This will ensure all properties have been surveyed and our rents are set at a level which provides fully for future repairs while still considering affordability for customers (next LCC update due December 2019).4Provided Rent Reviews make provision for the 'Target Contribution' and LCC expenditure goes according to plan, then at the end of the period, the Fund is carried forward to future periods to accrue interest and meet future expenditure.

  • The Board received a report of the City Surveyor on the City’s Estate, City Fund & Bridge House Estates Outstanding Lease Renewals & Rent Reviews 1st January 2020 to 30th June 2020.

  • Rent increases arising from Rent Reviews not able to be determined at the outset of the lease are taken into account when such reviews have been settled with the tenants.

  • The Property Care Provider will carry out Rent Reviews prior to the time for Rent Reviews set out in the Lease, and will provide the Landlord with a recommended amount of Rent for each year of the Lease (which may involve a recommended increase or decrease or a recommendation that there be no change to the Rent of the previous year).

  • The date up to which Committee decide to pursue Arrears of Rent will have a considerable influence on the financial impact of Rent Review(s) upon the trustees.

  • Members are asked to note that further discussions between officers and the trustees regarding the Rent Review(s) will be initiated following the Committee’s decision on the principal issue of Arrears of Rent and that a further report will be brought to Committee within two months to update members on progress regarding Rent Review.

  • The terms of the contract of sale for the Launceston Property generally include the following: Vendor Bunnings Properties Pty Ltd Purchase Price $26,896,500 Site Area 54,400 square meters (before subdivision) Lease Terms 12 Years Options 5 options of 6 years each Starting rent $1,950,000 Rent Reviews Fixed annual 3% increases during each term and a market review at the commencement of each term capped and collared at 10% above and below of the rent in the last year of the preceding term.

  • The fees stated above for Rent Reviews, Lease Renewals, Rating, Dilapidations and Compulsory Purchase represent the fee for completing the transaction without reference to a third party.

  • For professional Valuations, Rent Reviews, Consultancy, Expert Advice, Rating and Planning Advice please contact your local Fleurets office.


More Definitions of Rent Reviews

Rent Reviews. There will be upward only rent reviews at the end of each third year.
Rent Reviews. It is important to maintain rents at a market level. To achieve a fair balance for both you and your tenants, we aim to review rents as deemed appropriate. We will advise you accordingly where a rent review is appropriate and take your instructions. Tenancy Deposit: The Tenancy Deposit can only be for an amount equivalent to 5 weeks’ rent and it will be initially taken by Xxxxxxxx before being transferred to the TDS. At the end, the deposit can only be retained in part or whole to rectify any damage (over and above fair wear and tear) caused by your out-going tenants at the end of the tenancy. It can also be used to recover unpaid rent, in full or in part. End of Tenancy: Once the tenants vacate your property, Willsons can provide a comprehensive check out to cross reference against the ingoing inventory. The costs are dependent on property size and are shown in the Service Charges. The Tenancy Deposit Scheme determine the release of deposit. If you require assistance with a deposit dispute, please note our charges in the ‘Landlords Fees’ document. Spare Key: Willsons can retain a spare key(s), for the purpose of obtaining access to the property for essential use only. With authority, Xxxxxxxx can get a spare key cut for the property.

Related to Rent Reviews

  • Concurrent review means utilization review conducted during

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • Review Date means the date specified in the written statement as the date on which the pitch fee will be reviewed in each year, or if no such date is specified, each anniversary of the date the agreement commenced; and

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.

  • Progress Reports The Progress Reports as required by the individual Task Work Orders issued pursuant to this Agreement. Responsible: Responsible or Responsibility means the financial ability, legal capacity, integrity and past performance of Contractor and as such terms have been interpreted relative to public procurements. See NYS Finance Law § 163(1)(c).

  • Monthly Reports shall have the meaning specified in Section 5.16(b) of the Indenture.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Inspection Report means the report delivered by the Master Servicer or the Special Servicer, as the case may be, substantially in the form of Exhibit L hereto.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Phase 1 means the phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • Environmental Review means the Federal

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • Physical Conditions Report means, with respect to the Property, a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion, which report shall, among other things, (a) confirm that the Property and its use complies, in all material respects, with all applicable Legal Requirements (including, without limitation, zoning, subdivision and building laws) and (b) include a copy of a final certificate of occupancy with respect to all Improvements on the Property.

  • Progress Report means the report similar in form and content to that attached hereto as Appendix III.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Rent Roll shall have the meaning set forth in Section 3.18 hereof.

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.

  • Comprehensive assessment means the gathering of relevant social, psychological, medical and level of care information by the case manager and is used as a basis for the development of the consumer service plan.