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 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.
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Examples of Unearned rent in a sentence

  • We will repay you the: Unearned rent (refer to the additional terms for how this is calculated) Loan (Item A) Lease premium (Item A) 2.

  • The excess of the principal amount of the deposit over its present value is immediately recognized as Unearned rent (presented as part of Other Non-Current Liabilities in the consolidated statement of financial position).

  • Other liabilities (continued) Unearned rent and deferred revenue on motorways The land acquisition loan of $22.0 million, based on the cost of land under the M5 Motorway originally purchased by RMS, was repaid in June 1997 by the concession holder.

  • Unearned rent Rent income Beginning 0 Beginning 0 Adjusting entry October 1 2004 9,600 Closing entry Dec.

  • Trade and other payables consist of: 20162015 Trade payablesP=17,874,138P=6,020,071 Unearned rent income2,653,208– Payable to related party (Note 23)1,993,856297,016 Unearned sales revenue1,718,906– Accrued expenses684,004582,309 Accrued interest payable186,302278,899 Withholding tax payable168,674237,088 P=25,279,088P=7,415,383 Trade payables are due to suppliers for inventory and other purchases.

  • Unearned rent refers to unrealized portion of the amount received from SM Land, Inc.

  • Unearned rent paid by City to Vijay, prior to the City acquiring title, shall be prorated and refunded to City at closing of its acquisition.

  • Financial liabilities consist of loans, and accounts payable, and Unearned rent revenue, and accrued expenses and other current liabilities.The estimated fair value of the fund's financial assets and liabilities are not significantly different from their book values.


More Definitions of Unearned rent

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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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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Related to Unearned rent

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

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted 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 all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

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

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • 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 means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • 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 Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • 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).

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

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