Target Rent definition

Target Rent means the amount specified as the target rent in the Property Schedule;

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Target Rent means the maximum rent that can be charged for the Affordable Dwelling at any particular time. Details as to the mechanism for calculating the Target Rent (which may change from time to time) can be obtained on request from the Authority)

Target Rent means the rent which is derived by applying the formula set out in the Housing Corporation's publication "Rent Influencing Regime - implementing the rent restructuring framework" (October 2001) that will be applied to each completed unit and subject to the rent review arrangements provided in the annually published guidance of Homes England (as the successor to the Housing Corporation and HCA) or such equivalent measure of rental affordability as may be published or agreed instead by the Homes England or the District Council or as agreed between the AHP and the District Council

Examples of Target Rent in a sentence

• The said tenancy agreement must comply with the terms of this Deed and in particular must include inter alia, (a) a clause prohibiting any assignment or sub-letting in breach of the Local Occupancy Restriction and (b) a rent review clause that does not conflict with the provisions of this Deed, (namely that any reviewed rent must not exceed the Target Rent at the time of review).

• The Target Rent Roll includes or describes for each Target Lease, the name and address of the tenant, the space leased, the current balances of security and other deposits, the current base rent the tenant is obligated to pay thereunder, and the amount of percentage rent most recently paid.

• Landlord’s failure to Substantially Complete the Landlord Work by the Target Rent Commencement Date shall not be a default by Landlord or otherwise render Landlord liable for damages.

• Landlord shall use reasonable efforts to deliver the Premises to Tenant on or before the Target Rent Commencement Date ("Delivery" or "Deliver").

• The Target Rent increases each year by a formula based on the Retail Price Index (RPI).

More Definitions of Target Rent

Target Rent means a rent which does not exceed Homes England’s target rent levels in place

Target Rent means the target rent published by the Authority from time to time as being the maximum permitted rent for the Affordable Dwelling (based upon the target rents charged by other housing associations

Target Rent means target rents for Social Rented Housing (or its equivalent) as determined through the national rent regime and published from time to time by the Regulator or such other body as may replace the Regulator, having responsibility for setting target rents for social housing.

Target Rent means the rent which is derived by applying the formula set

Target Rent means the relevant figure set out in the column headed 'Rent (£ unit of measurement)' within the table at Part 2 of Schedule 3 being the highest yearly rent per square metre of Net Internal Area or Gross Internal Area or other unit of measurement as stated in the table at Part 2 of Schedule 3 payable in any year up to the first rent review date in respect of a Lease after expiry of any rent free period or other inducements; Template Agreement means the template Agreement for Lease annexed at Appendix 2 to this Agreement;

Target Rent means, with respect to each Fiscal Year the Adjusted Lease Basis as determined for such Fiscal Year multiplied by thirteen percent (13%).

Target Rent the rent for Social Rented Dwellings as determined by the national rent regime published by the Regulator or any subsequent replacement or where there is no such replacement at a rent determined by the Council