Occupation Rate definition
Occupation Rate means the rate you are charged for each night of occupation of the Apartment booked. This rate is calculated based on the location of the Building you have selected, the Apartment Type sought, the number of Occupants notified to us, and the length of the Occupancy Period booked for. “Accommodation Fee” means the sums payable in respect of the occupation of the apartment.
Examples of Occupation Rate in a sentence
The term start rate as used in this Article or elsewhere in this Agreement shall mean the Occupation Rate for the relevant Occupation less 10%.
Progression from Start Rate to the Occupation Rate for a particular Occupation will take no longer than 12 months.