Lease Rent definition

Lease Rent means the amount payable by the Lessee to JMRC as per rates offered by the selected bidder for utilization of leased space for retail business pursuant to this RFP and accepted by JMRC to be paid by the Lessee/ Lessee along with other charges and any kind of GST, local levies, statutory dues, etc. that may be payable by the Lessee as per prevalent law.
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Lease Rent means the periodic payment on monthly basis payable in advance, during the Term of the Lease, by the Lessee to the Lessor in terms of Clause 5 hereof;
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Lease Rent means the lease rent payable in relation to the islands.
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Examples of Lease Rent in a sentence

  • Lessee has the option to pay Lease Rent equivalent to 11 years Lease Rent (i.e. 11 years @1% = 11% of the total premium of the plot) as one-time Lease Rent unless the Authority decided to withdraw this facility.

  • Chidamana Venkata Ramana ((1976) 2 SCC 409 : (1976) 3 SCR 551) had to deal with the question as to whether a notice to quite was necessary for seeking an order for eviction under the Andhra Pradesh (Lease, Rent and Eviction) Control Act, 1960.

  • In such case the outstanding Lease Rent amount shall be recovered from the security deposit by invoking the said Bank Guarantee or by discharging fixed deposit (as case may be).2.4) If for any reason, other than breach of any obligations and covenants of the Lessor as herein provided, the Lessee terminates this Lease or vacates the said karkhana premises during the Lease period, the Lessee shall be liable to pay the lease amount at least for that season and all other sums and taxes payable till that year.

  • After every ten years from the date of execution of the Lease Deed, the Lease Rent shall be automatically increased @50% and the rate will be applicable for the next ten years and this process of enhancement will continue for future.

  • Execution of Lease Deed(s) can be done only after payment of Allotment Money and one-year Lease Rent, in advance.


More Definitions of Lease Rent

Lease Rent means the annual lease rent payable to the Lessor by virtue of Clause11 of this Agreement.
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Lease Rent means the monthly instalment payable during the Leasing Period as specified in Part III of Schedule 3 or Schedule A (where applicable);
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Lease Rent the annual rent first reserved by the Lease excluding any VAT paid in respect of it.
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Lease Rent means the amount to be paid by lessee to the Department of Tourism at the end each financial year.
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Lease Rent means the annual rent charged to Lessee during lease term as fixed by the Board of Directors of the Concerned Corporation;
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Lease Rent means the annual lease rent on the project land which will be charged e charged @ Rs.1.00 per year from each purchaser as per minutes of the empowered committee meeting dated 07.05.2016 and also as per guidelines of redensification policy.
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Lease Rent means the Lease Rent payable by the Lessee to the Lessor pursuant to the Lease Agreement. This Lease Rent shall be payable on Monthly basis every Month as per the terms and conditions stipulated in the Agreement.
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