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);

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).

  • 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.

  • 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.


More Definitions of Loss of Rent

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 the loss of rent under a rental agreement or periodic tenancy agreement resulting from a claim payable under Section 15.2.
Loss of Rent. The loss of rents payable in respect of the Demised Premises for such period (being not less than three years) as may reasonably be required by the Landlord from time to time having regard to the likely period required for reinstatement of the Demised Premises in the event of total destruction in an amount which would take into account potential increases of rent in accordance with the Rent Review provisions contained in this lease
Loss of Rent loss of the Rent and the Service Charge for a period of not less than 3 years
Loss of Rent the loss of the rent first reserved by clause 3 for such period (being not less than three years) as may reasonably be required by the Landlord from time to time having regard to the likely period required for reinstatement in the event of both partial and total destruction and in an amount which would take into account potential increases of rent in accordance with clause 7Parking Area” such area or areas within the Land as are designated for parking and shown on the Lease Plan as demised car parkingPlanning Actsincludes the Town and Country Planning Axx 0000 the Planning (Listed Buildings and Conservation Areas) Axx 0000 the Planning (Hazardous Substances) Axx 0000 and (the Planning (Consequential Provisions) Axx 0000
Loss of Rent means loss of the Basic Rent for three years;