Rent Allocation definition

Rent Allocation. Allocated based on the percentage of the total square footage occupied by each department less common spaces (i.e. hallways, bathrooms, cafeterias etc.). A standard square footage is assigned to each employee based on the type of space, which they occupy (i.
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Rent Allocation. Base Rent $ 2,533.33 Common Area Maintenance $ 950.00 Tax Proration Insurance Proration Other Sales Tax $243.83 ------- Total $3,727.16 ---------
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Examples of Rent Allocation in a sentence

  • The initial Base Rent for each Severed Property shall be the then current Base Rent Allocation Amount thereof and thereafter during the term of such Severed Lease shall annually increase in the same manner in which Base Rent increases under this Lease.

  • Basic Rent shall be allocated to each Lease Period in the amounts set forth for such Lease Period on Exhibit B-2 under the caption "Basic Rent Allocation." Each installment of Basic Rent shall be allocated to the Lease Period(s) specified under the caption "Timing of Payments of Allocated Rent" on Exhibit B-2.

  • No Severed Lease shall contain any Substitution Options or Tenant’s Default Substitution Cure Rights and, effective as of any Lease Severance Date, the Reference Base Rent under this Lease shall (solely for the purpose of calculating the Maximum Substitution Limitation for each Permitted Substitution Period) be reduced by the Reference Base Rent Allocation Amounts of the applicable Severed Properties.

  • Upon removal of a Property Location pursuant to Section 14.03 above, the Base Rent shall be reduced by the Base Rent Allocation applicable to such Property Location.

  • If the Renewal Term Rent Allocation is greater than the Original Term Rent Allocation but is less than or equal to the Maximum Renewal Term Rent Allocation, then Tenant shall continue to sublease such Property during the Term on all of the terms and conditions contained in this Restated Lease, except that the Fixed Rent due and payable hereunder shall be increased by an amount equal to the difference between the Renewal Term Rent Allocation and the Original Term Rent Allocation.

  • Should the final Lease Year be less than a full calendar year, the dollar threshold amounts specified above in clauses (i), (ii), (iii), (iv) and (v) of this Section 3.3(c) to determine the Percentage Rent Allocation shall be adjusted to be proportionate to the number of days in such final Lease Year divided by 365.

  • On January 2, 2015 with respect to the Property Location, Store No. 34 located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, and on April 15, 2015 with respect to all the Property Locations described on Exhibit A-8 attached hereto, such Property Locations shall be removed from this Lease (“Removal Properties”) in which event such Removal Properties shall no longer be Property Locations hereunder and Base Rent shall be reduced by the aggregate Base Rent Allocation for such Removal Properties.

  • If any aspect of the Net Income Tax Rent Allocation and Transaction Treatment is disputed by any Taxing Authority, the Party receiving notice of such dispute shall promptly notify the other Parties of such dispute.

  • As used in this Lease the “Base Rent Allocation PSF for any Property Location means the Base Rent Allocation for such Property Location divided by the square footage of the building on such Property Location as set forth in Exhibit M.

  • Section 10.3(g) of this Agreement sets forth a condition to the Verizon Parties’, the Verizon Lessors’ and the Sale Site Subsidiaries’ obligation to consummate the Initial Closing with respect to certain aspects of the Net Income Tax Rent Allocation and Transaction Treatment.

Related to Rent Allocation

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.