Unearned rent definition
Unearned rent means rent, including prepaid rent, that a tenant paid to a
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.
Unearned rent means any Basic Rent paid by Lessee with respect to a Facility and attributable to a period after the termination of this Facilities Lease as to such Facility including, without limitation, upon purchase of such Facility by Lessee or sale of such Facility to a third party pursuant to the terms hereof.
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.
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.
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.