Gross Rental Income definition

Gross Rental Income means the total of all charges paid by all tenants of the Project, less the cost of all utilities paid by the Partnership.
Gross Rental Income as used in this Agreement means gross income billed by Owner or by Management/Consultant related to the Property in any month, but excluding (i) capital gains, (ii) payments in the nature of indemnification or compensation for loss, damage or liability sustained, (iii) all purchase discounts, (iv) any expense reimbursement from tenants, (v) any sums which, under normal accounting practice, are attributable to capital, and (vi) all other receipts of whatever kind and nature. Such Management Fee is intended to compensate the manager for: (i) its general and overhead expense, (ii) all compensation and expenses of personnel employed by Management/Consultant which are not reimbursable as expense under Section 4.4, and (iii) all other expenses incurred by Management/Consultant which are not reimbursable under Section 4.4. Management/Consultant will not be entitled to any leasing commissions.

Examples of Gross Rental Income in a sentence

  • ASSETS AND LIABILITIES (cont.)Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.) Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens Gross Rental Income Mortgage PaymentsInsurance, Maintenance, Taxes & Misc.

  • Under IFRS 16, the relief is treated as a lease incentive which is straight-lined over the expected term of the lease as a reduction of the Gross Rental Income (“GRI”).

  • ASSETS AND LIABILITIES (cont’d)Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.) Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens Gross Rental Income Mortgage PaymentsInsurance,Maintenance, Taxes & Misc.

  • Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens Gross Rental Income Mortgage PaymentsInsurance, Maintenance, Taxes & Misc.

  • Deducting both the market rent for the idle time between the expired contract and assumed new contract, and the assumed general vacancy level, results in the Effective Gross Rental Income.


More Definitions of Gross Rental Income

Gross Rental Income means the actual sum of the Net Effective Rental Rates of all tenants in possession at each of the Properties, as of the date of determination.
Gross Rental Income means rental income and management fee due from the
Gross Rental Income means cash rental income for a period including the respective accrued rent free periods for that period;
Gross Rental Income means total of all charges paid by all tenants
Gross Rental Income means the rental payments actually received with respect to the Facility for the twelve (12) month period prior to the date of determination from tenants in occupancy under leases that are not in default.
Gross Rental Income means contractual Rental Income from tenants plus any other income received at certain Properties.
Gross Rental Income. For any particular period of time, all amounts, payments, income and revenues actually received by Borrower during such period of time in the ordinary course of the use, occupancy or operation of the Real Property, including: (a) all Rents received pursuant to Qualifying Leases (including all reimbursements of operating expenses, Real Estate Taxes and other expenses received by Borrower during such period of time pursuant to Qualifying Leases); (b) all Lease Termination Payments; (c) all income and proceeds from business interruption, rental interruption and use and occupancy insurance with respect to the Real Property (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection 14961843v.6