Passing Rent definition

Passing Rent means, for the relevant period, the amount that is calculated in accordance with Schedule 12 (Calculation of Net Rental Income).
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Passing Rent means rental income generated from current tenancy agreements.
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Examples of Passing Rent in a sentence

  • For the Six Months Ended 30 June 2016 2015 Change Average Monthly Passing Rent (RMB/sqm) Note — Gross passing rent 360 356 +1.1% — Net passing rent 339 338 +0.3% Average Occupancy (%) 96% 95% +1 ppts Note: • Under the B2V Reform, effective from 1 May 2016, the 5% BT rate formerly applicable to revenue of leasing of real estate was replaced by VAT at a rate of 11% levied on rental revenue, if there is no further tax circular to change this tax position.

  • Fully fitted 60 seater restaurant in the affluent suburb of Milltown Situated in a densely populated residential area with high levels of vehicular and pedestrian traffic 11 years unexpired lease term Passing Rent: €65,000 Turnkey condition Full list of fixtures, fittings and equipment available on request Benefits from a special restaurant licence Milltown is one of Dublin’s most sought-after residential and commercial areas and benefits from a large and affluent catchment area.

  • Passing Rent: £78,850 per annum exclusive or £50.00 psf per annum exclusive.

  • Date of Lease 21st February 2019 Term 5 years Lease Expiry 20th February 2024 Passing Rent £15,023.32 pax Security of Tenure The lease is excluded from the security of tenure provisions of Part II of the Landlord and Tenant Act 1954 Tenant Glamis Ltd Demise First floor offices 1 & 3 and 2 car parking spaces.

  • Passing Rent £7,766 per annum Rent Free Period The tenant will be granted a rent free period of 1 month from 1/10/2020 – 31/10/2020 Security of Tenure The new lease will be excluded from the security of tenure provisions of Part II of the Landlord and Tenant Act 1954.

Related to Passing Rent

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);