annual value definition
annual value means, in relation to any land, the rent at which the land might reasonably be expected to be let from year to year, if the tenant undertook to pay all usual tenant’s rates and taxes and to bear the costs of the repairs and insurance and other expenses, if any, necessary to maintain the land in a state to command that rent; and
annual value means an amount equal to the rent at which any property might reasonably be expected to let from year to year if the tenant undertook to pay licence duties (if any), and the landlord undertook to pay the rates and fees and to bear the cost of repairs, insurance and other expenses (if any), necessary to maintain the property in a state to command that rent or the actual rent received if this is greater than the rent at which the property might reasonably be expected to let;
annual value in relation to land, means the rent at which the land might reasonably be expected to let from year to year, if the tenant undertook to pay all usual tenants' rates and taxes and the landlord undertook to bear the cost of repairs and insurance and the other expenses necessary to command that rent;
More Definitions of annual value
annual value means the yearly value ascertained and fixed in accordance with the provisions of section LXXIX (Rates to be levied) of the Act of 1857;
annual value means the estimated gross annual rent at which the holding might reasonably be expected to let from year to year the landlord paying the expenses of repair, insurance, maintenance or upkeep and all public rates and taxes:
annual value of an accommodation means the sum for which the accommodation might reasonably be expected to let from year to year;
annual value means the annual rent which a tenant might reasonably be expected, taking one year with another, to pay for any house, building, land, or tenement if the tenant undertook to pay all public rates and taxes, and if the landlord undertook to bear the cost of repairs, maintenance and upkeep, if any, necessary to maintain the house, building, land or tenement in a state to command that rent (Ceylon, 1865; Municipal Council Ordinance, 1865).
annual value means in relation to:
annual value means the gross rent at which a building or land may be let from year to year;
annual value means the value of any land or building determined under chapter XVI;