Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;11
Insurance Rent the aggregate in each year of the gross cost of the premium before any discount or commission for the insurance of:
Insurance Rent means the premium, net of any commission, paid by the Landlord to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Examples of Insurance Rent in a sentence
The Lessee shall faithfully pay to the Lessor and/or the Manager the Insurance Rent upon invoicing by the Manager together with the other component of the Service Charge.
More Definitions of Insurance Rent
Insurance Rent means the amount expended by the Landlord in complying with its insurance obligations in accordance with clause 8.
Insurance Rent landlords have special powers to obtain rent which are not available for the collection of other debts. It is therefore always advantageous to specify that monies due to a landlord should be treated as rent, as they are in this lease. Insurance rent is a commonly used term. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ “ ■ ■ ■ ■ ”.
Insurance Rent means the rent reserved by clause 2.4;
Insurance Rent means in respect of any period for which the same is required to be calculated an amount equal to the aggregate of the total premium and other costs incurred by the Landlord for insuring the Premises against the Insured Risks.
Insurance Rent means a fair proportion of the reasonable cost to the Landlord (including any insurance premium tax and any insurance brokerage fees) of insuring:
Insurance Rent means the sum (or in the case of Us holding an insurance policy covering multiple properties a proportion fairly decided by Us) of all gross premiums costs charges professional fees and tax paid or incurred by Us for or relating to insurance under this Tenancy and insurance valuations any Excess and the cost of Us providing finance to pay the insurance premium before You pay Us.