Intermediate Rent definition

Intermediate Rent means a rent which does not exceed 80% of the local Open Market Rent (inclusive of any service charges) for the relevant property type and in any event should not exceed the published Local Housing Allowance for the relevant property type and in the relevant rental market area allowing for any modifications to a level of allowance as published from time to time by the Government SAVE THAT the rent charged under all lettings may be increased annually by a proportion equivalent to an increase by the Index plus 1%24

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Intermediate Rent means Affordable Housing available for private letting

Intermediate Rent means, in relation to each property size in each Broad Rental Market Area, a rent for the Financial Year which is no more than (a) the level which is based on the figure provided in the month of November immediately prior to the commencement of the Financial Year by the Scottish Ministers as being the fiftieth percentile point of market rent levels for the property size in question in that Broad Rental Market Area, based on the data collated in respect of the previous year or (b) any other such rental level as may be considered reasonable for the property size in question in that Broad Rental Market Area which is higher than (a), provided such higher level has previously been agreed by the Scottish Ministers and the Local Authority in writing;

Examples of Intermediate Rent in a sentence

All Intermediate Rent in excess of $275,000 for the calendar year ending on December 31 within Landlord’s fiscal year shall be paid to Landlord on or before May 31 of each year during the Intermediate Term.
The Units will then be available for letting at an Intermediate Rent on a short assured tenancy basis.
Subject to paragraph 2.14A below, the rent from [1 April 20[ ]] will be £[]4 per Unit per [month]/[week], indexed annually thereafter on the Calculation Date save that the monthly rent charged to a tenant shall not exceed the fiftieth percentile point of market rent levels for that property size (as calculated in accordance with the process set out in the definition of Intermediate Rent and expressed as an annual figure), divided by twelve.
Intermediate Rent: rent above the level charged for Social Rented housing but below open market rents.
Any subsequent increases in rent charged shall follow indexation, provided that the rent shall not exceed the fiftieth percentile point of market rent levels for that property size (as calculated in accordance with the process set out in the definition of Intermediate Rent) save where paragraph 2.14A applies.

More Definitions of Intermediate Rent

Intermediate Rent means accommodation made

Intermediate Rent means intermediate housing as defined in Annex 2 but limited to homes for rent and excluding homes for sale

Intermediate Rent means a rent which does not exceed 80% of the Market Rent;

Intermediate Rent means rent set at a level no greater than 75% of the Market Rent applicable at the date of the initial letting and increased by no more that the Intermediate Rent Inflator;

Intermediate Rent means, in relation to each property size in each Broad Rental Market Area, a rent for the Period which is no more than (a) the level which is based on the figure provided in the month of January immediately prior to the commencement of the Period by Rent Service Scotland as being the fiftieth percentile point of market rent levels for the property size in question in that Broad Rental Market Area, based on the data collated in respect of the previous year or (b) any other such rental level as may be considered reasonable for the property size in question in that Broad Rental Market Area which is higher than (a), provided such higher level has previously been agreed by the Guarantor and the Local Authority in writing;

Intermediate Rent means the rent payable in respect of a periodic or fixed term assured shorthold tenancy where the rent—

Intermediate Rent means 80% (eighty per cent) of the Market Rent; “Homes and Communities Agency” the National Housing and Regeneration Agency;