Loss of Rent definition

Loss of Rent means loss of all Basic Rent or other income from the Building due to damage or destruction by any of the Insured Risks for a minimum period of three years having regard to potential increases in that income as a result of lettings, rent reviews or other matters which may occur;

Loss of Rent means loss of the Basic Rent for three years (including proper allowances for increases in the Basic Rent under the provisions for rent review contained in this lease);

Loss of Rent means loss of three years rent of the Premises (including proper allowances for increases in rent pursuant to the provisions for rent review herein contained)

Examples of Loss of Rent in a sentence

• The amount of lost rent shall be calculated as follows: Sum Insured for Cover for Loss of Rent (as declared by You in the Proposal Form and specified by Us in the Policy Schedule) X Period necessary for repairs ÷ Loss of Rent Period opted for.

• Where the Lot is leased out or would have been leased out, the Loss of Rent incurred by the Lot Owner if the Lot or Common Area is made unfit to be occupied for its intended purpose.

• Loss of Rent incurred by the Lot Owner in accordance with clause b)i).

• However, Our maximum liability for Loss of Rent, and Temporary Accommodation is limited to the amount or percentage of the Limit of Liability shown in Your Policy Schedule.

• Where the Rent Receivable is subject to a rent review during the Period of Insurance the relevant Sum Insured will be automatically increased to reflect the revised Rent Receivable earned up to a maximum increase of 100% of the Loss of Rent Sum Insured stated on the Schedule.

More Definitions of Loss of Rent

Loss of Rent. Means the loss of rent under a rental agreement or periodic tenancy agreement resulting from a claim payable under Section 15.2.

Loss of Rent means loss of Rent for three years in an amount which takes into account the Landlord's reasonable estimate of any potential increases of Rent in accordance with the provisions of schedule 5

Loss of Rent means loss of all Basic Rent from the Building due to damage or destruction by any of the Insured Risks for a period of three years having regard to potential increases in that income as a result of lettings rent reviews or other matters which may occur

Loss of Rent means the loss of all Rent for a period of three years.

Loss of Rent means the loss of all Rent reserved by this Lease for such period, being not less than three years, as the Landlord from time to time reasonably considers sufficient to complete reinstatement of the Property following a total loss taking into account any likely increases of Rent during that period and “Loss of Rent Insurance” means the part of the Insurance covering Loss of Rent.

Loss of Rent means loss for a period of five years of the aggregate of all rents which can reasonably be expected from time to time to become payable during the ensuing five years to the Landlord in respect of the Demised Premises or all parts of the Demised Premises

Loss of Rent the loss of the Principal Rent for such period (not exceeding five years and not less than three years) as the Landlord may from time to time consider to be sufficient having regard to the likely period required for reinstatement in the event of either partial or total destruction (including an estimate for increased rent prior to a rent review)