Turnover Rental definition

Turnover Rental means a rent that is calculated as a percentage of the gross revenue or total sales of a Lessee's business in addition to the calculated market related rental e.g. the Lessee of a filling station shall be required to pay a monthly amount to Msunduzi Municipality in respect of the number of litres fuel pumped during the preceding month.
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Turnover Rental means an amount expressed as a percentage of the Revenue charged to the Concessionaire recorded in the Transaction Addenda in respect of each concession; and
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Turnover Rental means an amount expressed as that percentage of gross revenue earned in respect of the forex services rendered.
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Examples of Turnover Rental in a sentence

  • Turnover Rental and service charge income from residential and commercial properties is recognised in the Income and Expenditure Account when it falls due.

  • Turnover Rental income from social housingRental income from social housing along with service charges are recognized in the period in which services are provided.

  • HK$ 30.4.2010HK$ 30.4.2011HK$ (unaudited) Turnover Rental income11,914,389 3,627,507 4,840,246Management fee income2,560,218 803,630 1,081,669 14,474,607 4,431,137 5,921,915Other gains Bank interest income604 163 230Licence fee47,797 33,032 –Sundry income30,342 9,930 8,830 78,743 43,125 9,060 Total 14,553,350 4,474,262 5,930,975 6.

  • The calculated market related rental may be made payable either on a monthly or annual basis.11.5.5.2 The HOD Real Estate shall have the discretion to decide when Turnover Rental shall be payable in respect of the activities conducted on the leased property.11.5.5.3 In the event that the current land use rights do not permit the proposed land use, the prospective Lessee shall be required to apply to CoE for such land use rights.

  • GIDZ is responsible for the common area landscaping around the facility.The rental proposal contained in Annexure 3 [Rental Proposal] should contain the proposed: • Lease and Option Period;• Monthly fixed rental and Annual Escalation Rate;• Commencement date;• Turnover Rental (i.e. if a percentage of turnover will be paid in addition to the monthly rental).

  • There was a so-called Turnover Rental, which was at the rate of three per cent per annum of the gross receipts from the lessee‟s business (as defined in the lease), payable quarterly in arrears.

  • The Director: PDT or delegate shall have the discretion to decide when Turnover Rental shall be payable in respect of the activities conducted on the leased property.

  • If, once the contract has been formed, we become aware of circumstances that make it reasonable to assume a possible or actual infringement of export control regulation, we shall notify the supplier in writing.

  • Rent free period: 10 yearsTerm: 15 yearsOptions for further terms: 2 x 15 years Commencing annual rental: $250,000 plus GSTAnnual Turnover Rental: 7.5% of the amount by which gross sales exceed 12.5 x the base rent payable plus GST disregarding any rent free period.Subject to a cap of double the base rent.Rent escalation: CPICapital Investment: fully funded by tenant subject to final design original estimate $25M2.

  • Marketing fee are 2% of Turnover Rental, payable to Blacksteers and/or its authorised agents/representative in terms of the Franchise Agreement.

Related to Turnover Rental

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Additional Rental has the meaning set forth in Section 4.03.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Lease or rental means the leasing or renting of tangible personal property and the possession or use

  • Fair Rental Value as used in this Lease, shall be equal to the annual rent per rentable square foot (including additional rent and considering any “base year” or “expense stop” applicable thereto), including all escalations, at which tenants (pursuant to leases consummated within the twelve (12) month period preceding the first day of the Option Term), are leasing non-sublease, non-encumbered, non-equity space which is not significantly greater or smaller in size than the subject space, with a comparable level of improvements (excluding any property that Tenant would be allowed to remove from the Premises at the termination of the Lease), for a comparable lease term, in an arm’s length transaction, which comparable space is located in the “Comparable Buildings,” as that term is defined in this Section 2.2.2, below (transactions satisfying the foregoing criteria shall be known as the “Comparable Transactions”), taking into consideration the following concessions (the “Concessions”): (a) rental abatement concessions, if any, being granted such tenants in connection with such comparable space; (b) tenant improvements or allowances provided or to be provided for such comparable space, and taking into account the value, if any, of the existing improvements in the subject space, such value to be based upon the age, condition, design, quality of finishes and layout of the improvements and the extent to which the same can be utilized by a general office/lab user other than Tenant; and (c) other reasonable monetary concessions being granted such tenants in connection with such comparable space; provided, however, that in calculating the Fair Rental Value, no consideration shall be given to the fact that Landlord is or is not required to pay a real estate brokerage commission in connection with Tenant’s exercise of its right to extend the Lease Term, or the fact that landlords are or are not paying real estate brokerage commissions in connection with such comparable space. The Concessions shall be reflected in the effective rental rate (which effective rental rate shall take into consideration the total dollar value of such Concessions as amortized on a straight-line basis over the applicable term of the Comparable Transaction (in which case such Concessions evidenced in the effective rental rate shall not be granted to Tenant)) payable by Tenant. The term “Comparable Buildings” shall mean the Building and those other life sciences buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation of to the building), quality of construction, level of services and amenities, size and appearance, and are located in South San Francisco, California and the surrounding commercial area.

  • Customer Premises means premises owned, controlled or occupied by the Customer which are made available for use by the Supplier or its Sub-Contractors for provision of the Services (or any of them);

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Base Rent As defined in Section 3.1.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • For Rent or "For Sale" ninety (90) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours during the term of this Lease to exhibit the same to prospective purchasers and to make repairs required of Landlord under the terms hereof.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Fair Market Rental The fair market rental of the Leased Property means the rental which a willing tenant not compelled to rent would pay a willing landlord not compelled to lease for the use and occupancy of such Leased Property pursuant to the Lease for the term in question, (a) assuming that Lessee is not in default thereunder and (b) determined in accordance with the appraisal procedures set forth in Article 24 or in such other manner as shall be mutually acceptable to Lessor and Lessee.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;