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.
Gross Rental Income means contracted rent under the master lease agreements in relation to the Enlarged Portfolio which comprises base rent and variable rent (where applicable).
Examples of Gross Rental Income in a sentence
In return for Manager’s services to be provided hereunder, Manager shall be paid a management fee in the amount of the greater of a fixed fee of $1,000 or four percent (4%) of Gross Rental Income from the Property collected in such month, which shall be due and payable as of the first day of each month for services rendered during the prior month.
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 at any time the gross rents, service charges and other monies reserved by or arising out of the Occupational Leases and to which the Borrower is entitled and all other monies derived by the Borrower from any third parties relating to the use and/or occupation of the Property including without limitation any loss of rent insurance payments;
Gross Rental Income means cash rental income for a period including the respective accrued rent free periods for that period;
Gross Rental Income means rental income and management fee due from the
Gross Rental Income means contracted rent under the master lease agreement in relation to the Enlarged Portfolio which comprises base rent and variable rent (where applicable).
Gross Rental Income means all sums payable by any tenant of the Property or any tenant of any Unit within the Property, to the Company for the duration of any tenancy inclusive of ground rent and service charge;