Discounted Rent definition

Discounted Rent means low cost rental accommodation (as defined in Section 69 of the HRA 2008), other than Capped Rent, made permanently available for letting to persons at rents (inclusive of service charges) not exceeding the Discount Level and let on assured or secure tenancy terms;
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Discounted Rent as used and defined herein):
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Discounted Rent means the amount of the Rental Payments, determined in the manner set forth in Section 9.2 of this Lease, to be paid in full satisfaction of the Lessee's obligation to pay the remaining Rental Payments hereunder in the event that, as a result of the occurrence of any of the events described in Section 9.2 of this Lease, the Lessee shall have certified that it will prepay all remaining Rental Payments by paying the Discounted Rent and terminate the Lease.
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Examples of Discounted Rent in a sentence

  • To encourage prompt payments, a Discounted Rent installment of $ may be paid by Tenant if paid in full BEFORE the first (1st) day of the month in which rent is due.

  • Also any check which is returned shall only be credited as a rent payment on the date the dishonored check clears Tenants’ bank, which may impact timely payment of rent or qualification for Discounted Rent under the terms of this Lease.

  • If Tenants deliver a Discounted Rent installment and it is not delivered in the correct amount, or delivered after the 3rd day of the month, Landlord shall deliver or mail by the 10th of the month written notice of the failure to qualify for the Discounted Rent payment.

  • If Property is Rented at a Discounted Rate, Refund will be based on Discounted Rent.

  • As an inducement of prompt rent payment, a Discounted Rent installment of $ dollars may be paid by Tenants if paid fully by 5:00 p.m. of the 3rd day of the month in which rent is due.

  • If Landlord receives a Discounted Rent installment that is not before the first (1st) day of the month in which rent is due, or is not the correct amount due, then landlord shall mail or deliver by the tenth (10th) of the month written notice of the failure to qualify for the Discounted Rent payment.

  • As an inducement of prompt rent payment, a Discounted Rent installment is described below in the rent schedule as a semester payment may be paid by tenants if paid fully by 5:00p.m. on the 1st day of the month in which rent is due.

  • All of these fees and rent must be paid in full to obtain the "Discounted Rent" indicated in your Lease.

  • The Lessee shall have the option to terminate this Lease when payment of the Discounted Rent (as defined in Section 9.2 hereof but exclusive of clause (4) of that definition) shall have been made to the Lessor.

  • If, in lieu of repair and restoration, the Lessee has certified that it will prepay all remaining Rental Payments by paying the Discounted Rent and terminate this Lease in accordance with Article IX hereof, any Net Proceeds received by the Lessor or its designee prior to such prepayment shall be credited against the Discounted Rent payable by the Lessee pursuant to this Lease, and after such prepayment, no further Rental Payments shall be due hereunder.


More Definitions of Discounted Rent

Discounted Rent. As an inducement of prompt rent payment, a Discounted Rent installment is described below in the rent schedule as a semester payment may be paid by tenants if paid fully by 5:00p.m. on the 1st day of the month in which rent is due. If Tenant’s deliver a Discounted Rent installment and it is not delivered in the correct amount, or delivered after the 3rd day of the month, Landlord shall deliver or mail by the 10th of the month notice of failure to qualify for Discounted Rent payment. The written notice described in this paragraph shall set forth the balance owed on the Basic Rent obligation and specify the date by which Tenants must pay the balance owed for rent. There will be a $75.00 fee assessed for all checks returned for insufficient funds. (A) $8,400.00_____on or before April 1, 2020 (B) $8,400.00_____ on or before August 1, 2020 (C)_$8,400.00______on or before December 1, 2020 ***WE ONLY ▇▇▇▇ ON A SEMESTER BASIS, IF YOU DECIDE TO MAKE A MONTHLY PAYMENT THERE WILL BE A $25.00 PER MONTH FEE ADDED TO YOUR MONTHLY AMOUNT DUE. NO RENTAL BILLS WILL BE SENT TO YOU. THIS SCHEDULE OF PAYMENTS IS YOUR OFFICIAL NOTIFICATION OF RENTAL PAYMENT DUE DATES TO AVOID DELINQUENT PAYMENTS***
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Discounted Rent means the amount of the Rental Payments, determined in the manner set forth in Section 9.2 of this Lease, to be paid in full satisfaction of the Lessee's obligation to pay the remaining Rental Payments hereunder in the event that, as a result of the occurrence of any of the events described in Section 9.2 of this Lease, the Lessee shall have
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