Rental Allocation Clause Samples
The Rental Allocation clause defines how rental payments or income are distributed among parties involved in a lease or rental agreement. Typically, this clause specifies the proportion or method by which rent is divided, such as between co-owners, landlords, or investors, and may address scenarios like subletting or shared property ownership. Its core practical function is to ensure transparency and prevent disputes by clearly outlining each party’s entitlement to rental proceeds.
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Rental Allocation. For purposes of Section 467 of the Internal Revenue Code of 1986, as amended from time to time, Landlord and Tenant hereby agree to allocate all Rent to the period in which payment is due, or if later, the period in which Rent is paid.