Capped Rent definition

Capped Rent means low cost rental accommodation (as defined in Section 69 of HRA (2008)) other than Discounted Rent made permanently available for letting to persons at rents (inclusive of service charge) not exceeding the Capped Level and let on assured tenancy terms and to include those persons nominated by any relevant local authority;
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Capped Rent means low cost rental accommodation (as defined in Section 69 of HRA (2008)) other than Discounted Rent made permanently available for letting to persons at rents (inclusive of service charge) not exceeding the Capped Level and let on assured tenancy terms and to include those persons nominated by any relevant local authority; Capped Rent Dwelling means an Affordable Rent Dwelling let on Capped Rent terms; CDM Regulations means the Construction (Design and Management) Regulations 2007 S.I. No. 320; CEDR means the Centre for Effective Dispute Resolution;
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Capped Rent means a rent for a Gypsy and Traveller Pitch of not more than the local market rent within Surrey or adjoining Counties inclusive of service charges for similar Gypsy and Traveller Pitches and which rent shall be subject to an annual percentage increase of a max of RPI+1 % thereafter, based upon RPI rate published for the preceding September;
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Examples of Capped Rent in a sentence

  • Affordable Rent homes funded through the 2015-18 Programme must be made available at either a Capped Rent or Discounted Rent level.

  • Where it can be demonstrated that a higher level of Capped Rent and lower level of Discounted Rent has a neutral impact on public subsidy, and in such other instances as the GLA decides, the GLA in its absolute discretion may agree to rents being set at amounts different to the levels above.

  • Pedigree proven free or tested free of known genetic defects including, but not limited to, arthrogryposis multiplex (AM), neuropathic hydrocephalus (NH), and osteopetrosis (OS).

  • Bids from providers for Affordable Rent are anticipated to contain an equal split between bids for Discounted Rent and Capped Rent affordable housing units.

  • The Framework will set out • the agreed rent levels that should apply to the two new variants of Affordable Rent , known as Capped Rent and Discounted Rent and the proportions of new Affordable Rent supply to be provided on a Capped Rent and Discounted Rent basis.

  • Table 1: Inclusionary Housing optionsOption 1: 30% Social Housing, FLISP, or Capped Rent For this option, 30% of total units in the development must be Social Housing, Finance Linked Individual Subsidy Programme (FLISP) housing or housing with rentals capped at R2100 a month in 2018 prices.

  • The definitions of the GLA’s two rent levels are: Capped Rent, which must be no greater than the higher of (i) 50% of the market rent (inclusive of service charge) and (ii) the Formula Rent for an equivalent dwelling; Discounted Rent, which must be no greater than the lower of (i) 80% of the market rent and (ii) the Local Housing Allowance.

  • The minimum Capped Rent level will be target rents (exclusive of service charge) and bids for properties at target rents will need to be justified to the GLA –e.g. where these properties are needed to facilitate re-housing of tenants affected by regeneration.

  • But in the interests of affordability, homes with more than two bedrooms are calculated using the Capped Rent method, even if they are technically Discounted Rents.

  • The Council recognises that where schemes are funded by the Greater London Authority, rents charged may be either Discounted Rent (up to 80% of local market rents) or Capped Rent (up to 50% of local market rents), both inclusive of service charges.

Related to Capped Rent

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

  • 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;

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • 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.

  • Base Rent As defined in Section 3.1.

  • 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.

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

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

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

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

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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:

  • 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.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

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

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

  • 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%.