Reduced Rent definition

Reduced Rent means the Rent payable in respect of the Reduced Rent Period.
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Reduced Rent means rental starting on the Commencement Date and continuing through the Second Lease Year, for the amount equal to x percent of the Land Value, unless the Operations Date occurs prior to the end of the Second Lease Year.
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Reduced Rent means the Rent payable under this Lease less the Rent Concession which is $102,000.00 excluding GST.
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Examples of Reduced Rent in a sentence

  • A.1 This Agreement sets out the services the Provider agrees to provide, the terms on which the Provider will provide them and the basis on which the Council will make the Premises available to the Provider at the Reduced Rent.

  • Reduced Rent Exchanges involve non-medical care such as helping with meals, shopping, cleaning, companionship and doing errands.

  • Organisations in receipt of a reduced rent must comply with the Council’s Conditions of Funding for Reduced Rent.

  • Where the Reduced Rent Payable calculation is higher than 75% of the Market Rent of a property the lower amount will be deemed the Reduced Rent Payable.

  • Signature(s) Date Application for Reduced Rent unit If you are interested in applying for occupancy in one of our Reduced Rent one-bedroom units, please acknowledge the following statements by checking the boxes, attaching the required information and signing this section of the form.

  • Note: This section only needs to be completed by those interested in applying for occupancy in our Reduced Rent units.

  • University faculty and staff cannot hold personal conferences, trainings, or lectures series for a personal profit on campus without paying applicable rental fees or having these fees waived by completing the Reduced Rent Approval Form.

  • Completion of the Reduced Rent Approval Form does not ensure approval of the reduction of rental fees or other associated charges.

  • I/we are interested in applying for occupancy in one of your Reduced Rent one-bedroom units.

  • Reduced Rent Appellant contends that appellees breached the Operating Agreement by decreasing the rent charged to GMB for use of the Property, because the rent reduction was designed to decrease the Property’s appraised value under the income approach.


More Definitions of Reduced Rent

Reduced Rent means an amount equal to three-eighths of the Base Rent. The$16,881 bid deposit, which has been prepaid by or assigned to The Kroenke Group or its Affiliate to the Lessor as part of a Proposal for a Commercial lease on the South half of Section 36, Twp. 29 North, Rge. 22 West may be applied to the reduced rent payment obligation, with the approval of The Kroenke Group. The terms of payment of Reduced Rent are more particularly set forth in Section 3.2.
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Related to Reduced Rent

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

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Rent As defined in Section 3.1.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Base Taxes means Taxes for the calendar year specified as the Base Year in the Basic Lease Information.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Base Year means the period set forth in Section 5 of the Summary.

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

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.