Leasehold Tax definition
Examples of Leasehold Tax in a sentence
The Lessee shall provide the Lessor with a rent security deposit or bond, as deemed acceptable to the port, in the amount of $ which is equal to the rent and Leasehold Tax to be paid during the initial year of the Lease.
The Leasehold Tax is an ad valorem tax assessed on the Premises by the Orange County Property Appraiser.
In the event the amount of Leasehold Tax paid by CBC to City is less than the actual tax liability, CBC shall pay the balance due to City no later than ten (10) calendar days from CBC’s receipt of written notice from City that the balance is due.
Notwithstanding the foregoing, for the period beginning after December 31, 2015, Monthly Percentage Rent shall not be owed for any Gross Sales exceeding Seven Hundred Thousand and No/100 Dollars ($700,000.00) in any Lease Year; however, Monthly Base Rent along with the applicable Leasehold Tax and Florida State Sales Tax shall continue to be owed each and every month of each Lease Year.
The amount collected is an estimate of the taxes owed by CBC and is subject to adjustment based upon the actual Leasehold Tax due.
If the Authority wishes to dispute the occurrence of a Leasehold Tax Imposition claimed in the LT-Notice, the Authority shall give notice of dispute (the “LT-Dispute Notice”) to the Concessionaire within thirty (30) days following the date of receipt of the LT- Notice stating in reasonable detail the grounds for such dispute.
The annual Leasehold Tax assessed on the Premises shall be prorated on a monthly basis and paid with the Monthly Base Rent in the amount shown below and held in a separate account by City for payment of 4R’s tax obligation at such time prescribed by the Orange County Tax Collector.
If the Washington State Leasehold Tax method for paying taxes on the Building is used by Landlord, the Base Amounts for taxes will be calculated using $22.00 per rentable square foot as base year rent, which constitutes the average rent during the initial Term of this Lease.
For any period that a Leasehold Tax is to be paid by the Concessionaire, the Concessionaire may also impose upon all users of the System a Service Charge to pay the Leasehold Tax, which Service Charge shall be in addition to the Service Charges otherwise imposed under this Section 7.1, but subject to Section 7.1(c).
The annual Leasehold Tax assessed on the Premises shall be prorated on a monthly basis and paid with the Monthly Base Rent in the amount shown below and held in a separate account by City for payment of CBC’s tax obligation at such time prescribed by the Orange County Tax Collector.