Rent Taxes definition

Rent Taxes any and all rental, sales and use taxes or other similar taxes levied or imposed by any city, county or state or other governmental body having authority, including, without limitation, taxes imposed under (i) Florida Statutes (S)212.031 and (ii) Michigan Compiled Laws Annotated (S)208.1 et seq., (the "SBTA"); provided, however, that the SBTA shall be included within the definition of Rent Taxes only to the extent of the lesser of (x) the actual tax imposed on Lessor by the SBTA or (y)the deemed tax imposed on Lessor by the SBTA computed with the following modifications and limitations:

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Rent Taxes shall have the meaning given to it in Section 4.3 hereof.

Rent Taxes. Any governmental assessment, levy, charge, impositions, fee or tax, however denominated or described on rents received by landlords, or measured by or based, in whole or in part, upon rents and/or other revenue of landlords from leases, such as the Rent under this Lease, in addition to or replacement of Taxes. Rent Taxes include the Texas Franchise Tax set forth in Texas Tax Code Chapter 171, as amended, but only so long as, for the year in question, Landlord is not consolidated with any other entity, other than its general partner (which shall be a single asset entity owning only the general partnership interest in Landlord), for the purpose of tax reporting, and the Property is substantially the sole asset of Landlord, and in such event, then all the Texas Franchise Tax due for Landlord and its general partner is included in Rent Taxes.

Examples of Rent Taxes in a sentence

Tenant shall pay Additional Rent, Taxes and Insurance (each as defined in Exhibit C) at the same time and in the same manner as Base Rent.
Without terminating this Lease, declare immediately due and payable all Minimum Rent, Taxes, and other rents and amounts due and coming due under this Lease for the entire remaining term hereof, together with all other amounts previously due, at once; provided, however, that such payment shall not be deemed a penalty or liquidated damages but shall merely constitute payment in advance of rent for the remainder of said term.
Occupancy of the Premises by Tenant prior to the Commencement Date shall be subject to all of the provisions of this Lease excepting only those requiring the payment of Basic Rent, Additional Rent, Taxes and Electrical Costs (each as defined herein).
Tenant acknowledges that the initial monthly periodic payments under the Lease, including without limitation Base Rent, Taxes and Operating Expenses, will all be made by electronic fund transfer pursuant to wire instructions to be provided by Landlord unless and until otherwise directed by Landlord.
The Base Rent, Taxes, Expenses and all other charges respecting the Additional Premises are sometimes herein called “Additional Premises Rent”.
In such event, and without waiving any other contractual, legal, or equitable rights or remedies (including the right to seek damages against Lessee), the Lessee agrees that all amounts paid shall be forfeited to the Rental Agent and may be applied toward Lessee’s obligations under this Lease (including, without limitation, payment of Rent, Taxes, damages, cleaning, or otherwise).
Monthly Rent, Additional Rent, Taxes and Operating Expenses and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease are herein referred to collectively as "Rent", and all remedies applicable to the nonpayment of Rent shall be applicable thereto.
Base Rent, Taxes, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto.
Monthly Rent, Additional Rent, Taxes and Operating Expenses and any other amounts of every nature which Tenant is or becomes obligated to pay Landlord under this Lease are herein referred to collectively as “Rent”, and all remedies applicable to the nonpayment of Rent shall be applicable thereto.
As soon as practicable after the end of each calendar year of Term of this Lease and the next calendar year following the year in which this Lease terminates, Landlord shall deliver to Tenant a written statement setting forth in reasonable detail Tenant’s Proportionate Share of the Additional Rent (Taxes and Operating Costs as hereinbefore defined) for the immediately preceding calendar year.

More Definitions of Rent Taxes

Rent Taxes shall collectively mean any tax or excise on the Rent and other sums and charges required to be paid by Tenant under this Lease and any gross receipts tax, transaction privilege tax, sales tax or other tax, however described, which is levied or assessed with respect to the Rent and/or other sums and charges accruing under this Lease, provided, however, that “Rent Taxes” shall not include any federal, state or local income tax or other tax, however denominated, which is applied to or measured by the net income of Landlord.