Taxable rent definition

Taxable rent means contract rent as defined in
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Taxable rent means the amount of rent upon which the meas- ure of leasehold excise tax is based. It is either the contract rent or an amount established by the department in accordance with the pro- cedures set forth in RCW 82.29A.020(2). (See also WAC 458-29A-200.)
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Taxable rent means contract rent as defined in subsection (a) of this subsection in all cases where the lease or agreement has been established or renegotiated through competitive bidding, or negotiated or renegotiated in accordance with statutory requirements regarding the rent payable, or negotiated or renegotiated under circumstances, established by public record, clearly showing that the contract rent was the maximum attainable by the lessor: PROVIDED, That after January 1, 1986, with respect to any lease which has been in effect for ten years or more without renegotiation, taxable rent may be established by procedures set forth in subsection (b) of this subsection. All other leasehold interests shall be subject to the determination of taxable rent under the terms of subsection (b) of this subsection.
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Examples of Taxable rent in a sentence

  • Taxable rent losses are uncollectible (accrual) or uncollected (cash) taxable rents.

  • Taxable rent" ((shall)) means contract rent as defined in ((subsection (a))) (c) of this subsection in all cases where the lease or agreement has been established or renegotiated through competitive bidding, or negotiated or renegotiated in accordance with statutory requirements regarding the rent payable, or negotiated or renegotiated under circumstances, established by public record, clearly showing that the contract rent was the maximum attainable by the lessor((: PROVIDED, That)).


More Definitions of Taxable rent

Taxable rent means contract rent as defined in 4 subsection (a) of this subsection in all cases where the lease or 5 agreement has been established or renegotiated through competitive 6 bidding, or negotiated or renegotiated in accordance with statutory 7 requirements regarding the rent payable, or negotiated or renegotiated 8 under circumstances, established by public record, clearly showing that 9 the contract rent was the maximum attainable by the lessor: PROVIDED, 10 That after January 1, 1986, with respect to any lease which has been in 11 effect for ten years or more without renegotiation, taxable rent may be 12 established by procedures set forth in subsection (b) of this 13 subsection. All other leasehold interests shall be subject to the 14 determination of taxable rent under the terms of subsection (b) of this 15 subsection. (a) Contract rent" shall mean the amount of consideration due as 17 payment for a leasehold interest, including: The total of cash 18 payments made to the lessor or to another party for the benefit of the 19 lessor according to the requirements of the lease or agreement, 20 including any rents paid by a sublessee; expenditures for the 21 protection of the lessor’s interest when required by the terms of the 22 lease or agreement; and expenditures for improvements to the property 23 to the extent that such improvements become the property of the lessor.
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Taxable rent means the amount of consideration due as payment for a leasehold interest, including: The total of cash payments made to the lessor or to another party for the benefit of the lessor according to the requirements of the lease or agreement; expenditures for the protection of the lessor’s interest when required by the terms of the lease or agreement; and expenditures for improvements to the property to the extent that such improvements become the property of the lessor. Where the consideration conveyed for the leasehold interest is made in combination with payment for concession or other rights granted by the lessor, only that portion of such payment which represents consideration for the leasehold interest shall be part of the taxable rent.
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Related to Taxable rent

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Rent means Basic Rent and Supplemental Rent, collectively.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.