Examples of Turnover Period in a sentence
The Landlord may require that an audit of the Records relating to the current Turnover Period or any of the two preceding Turnover Periods is carried out by a professionally qualified accountant appointed by the Landlord.
The Tenant must ensure that the Annual Turnover Certificate states as accurately as the Tenant is reasonably able to do so the amount of the Turnover during the relevant Turnover Period.
If, as a result of an audit under paragraph 10.1, it is established that the Turnover for any Turnover Period has been understated by more than 2% then the cost of the audit will be borne by the Tenant.
On receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Period and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Period.
If, as a result of an audit under paragraph 10.1 of this Part of the Schedule, it is established that the Turnover for any Turnover Period has been understated by more than 2% then the cost of the audit will be borne by the Tenant.
If the On-Account Payments exceed the Turnover Rent due in respect of the relevant Turnover Period then the balance will be credited to the next On-Account Payment due for the following Turnover Period (or refunded to the Tenant in respect of the last Turnover Period before the Turnover End Date).
The Tenant must pay any balance of Turnover Rent within [10 Business Days] of receiving the written demand referred to in paragraph 4.3. If the On-Account Payments exceed the Turnover Rent due in respect of the relevant Turnover Period then the balance will be credited to the next On-Account Payment due for the following Turnover Period (or refunded to the Tenant in respect of the last Turnover Period before the Turnover End Date).
Xxxxx Street shall manage the scheduling process for all work that takes place during Turnover Period, including getting Properties ready for new tenants.
Owner is responsible for all costs incurred during the Turnover Period.
The Properties will be deep cleaned every Turnover Period to Xxxxx Street’s standard, including appliances, windows, bathrooms, basements, and attic spaces.