Unearned rent definition

Unearned rent means rent, including prepaid rent, that a tenant paid to a
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Unearned rent shall be an amount equal to the excess of (i) the total Rent paid by Lessee to Lessor hereunder during the applicable Lease Year as of the event giving rise to the need to compute Unearned Rent, over (ii) the actual amount earned by Lessor hereunder taking into account the actual number of Flight Hours the Aircraft is used by Lessee during the applicable Lease Year as of the event giving rise to the need to compute Unearned Rent and the associated rental rate for such hours. The total amount of the Unearned Rent calculated in the preceding sentence, may be adjusted, as appropriate, based on any associated sales tax refund actually received by Lessor due to Sales Tax payments previously made on Flight Hours that are not used by Lessee.
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Unearned rent means any Basic Rent paid by Lessee with respect to a Property and attributable to a period after the termination of this Ground Lease as to such Property including, without limitation, upon purchase of such Property by Lessee or sale of such Property to a third person pursuant to the terms hereof.
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Examples of Unearned rent in a sentence

  • Unearned Rent, if any, paid for a period prior to the date of termination by Tenant shall be refunded to Tenant.

  • Unearned Rent, if any, paid for a period prior to the date of termination shall be refunded to Tenant.


More Definitions of Unearned rent

Unearned rent. If occupancy is terminated at any time other than the last day of the period for which charges have been fully paid, any unearned rent, less any amount due to the University shall be refunded to the Occupant. To qualify for this refund the Occupant shall have complied with 6. b (1) of this Agreement and have the apartment unit accepted as in satisfactory condition by the University. Each month shall be considered as having thirty (30) days for the purpose of rent refund computation.
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Unearned rent means rent, including prepaid rent, that a tenant paid to a landlord for the right to possession of the premises for any period after the date the lease terminates in accordance with its terms or this Title, but does not include any amount, including rent, the tenant owes to the landlord for a period during which the tenant is in physical possession of the premises regardless of whether that possession is before or after the lease terminates.
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Unearned rent means rent and prepaid rent paid to a landlord for any period of time beyond the termination of the tenancy. Unearned rent does not include rent due under the lease.
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Related to Unearned rent

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

  • Base Rent As defined in Section 3.1.

  • 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.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • 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;

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

  • 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:

  • 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.

  • 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%.

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

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • 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.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • 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.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • 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.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Consolidated Rental Payments means, with reference to any period, all payments under all Operating Leases (including payments for leases which have been reserved against), net of any related income from subleases, in each case calculated for the Company and its Subsidiaries on a consolidated basis for such period.