Lease inception definition

Lease inception means prior to or at consummation of the lease or by delivery, if delivery occurs after consummation.
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Examples of Lease inception in a sentence

  • No Lease that is an Advance Payment Plan Lease has been identified by the Servicer as qualifying for the benefits of its “Peace of Mind” program for Lessees who were at least 62 years of age at Lease inception and who die during the term of the related Lease.

  • We may adjust this Lease and the monthly (or other periodic) payment amount to finance for you any taxes due at Lease inception.

  • Evidence of commercial general liability insurance granting no less than thirty (30) days’ notice of cancellation for reasons other than non-payment shall be provided by the ISO form (CG 20 11, CG 20 26 11 85, or a substitute providing equivalent coverage and under the commercial umbrella policy) prior to Lease inception and no less than fifteen (15) days prior to each insurance policy renewal during the term of the Lease.

  • This total usage combined with any accumulated hours prior to the Lease inception date, as stated above under current hours, will be the total allowable machine hours for the life of the Lease and the basis for any overuse charges.

  • The Port shall be submitted upon Lease inception, a copy of the additional insured endorsement, that validates the Port has been added as an additional insured.

  • Evidence of commercial general liability insurance shall be provided for the commercial umbrella policy) prior to Lease inception and prior to each insurance policy renewal during the term of the Lease.

  • Tenant shall prepare and execute a written Radio Frequency Energy Exposure Management Plan (RFEEMP) in cooperation with the existing other original co-tenants identified on Exhibit “C” and Municipality within forty-five (45) days following the Lease inception.

  • If commercial insurance is utilized, Lessee shall submit to the Port a Certificate of Insurance which shows that it has obtained the required coverage, at Lease inception and annually throughout the term of the Lease.

  • The Tenant shall place all utility services set forth in column (1) below in Tenant’s name at the Lease inception, shall furnish Landlord with proof of same and shall keep current in his/her payment of same.

  • At Lease inception, Resident will pay Landlord $350.00 as an initial utility charge.

Related to Lease inception

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.