Rent Concessions definition

Rent Concessions means any remaining rent concessions for the Leases used to determine Gross Potential Rent (other than any concessions already accounted for in the determination of Gross Potential Rent above) to the extent such rent concessions relate to the forward 12-month period at the time of determination.
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Rent Concessions means the rent concessions set out in clause 5.1(b) of the Summary (if any).
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Rent Concessions shall have the meaning set forth on Exhibit A attached hereto and made a part hereof.
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Examples of Rent Concessions in a sentence

  • Amendments to IFRS 16 Covid-19 Related Rent ConcessionsOn 28 May 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases.

  • In May 2020, the IASB issued “COVID-19-Related Rent Concessions (Amendment to IFRS 16)”, which amends IFRS 16 “Leases” to provide lessees with a practical expedient that relieves lessees from assessing whether a COVID-19-related rent concession is a lease modification.

  • On 28 May 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases.

  • Amendment to HKFRS 16, Covid-19-Related Rent Concessions The amendment provides a practical expedient that allows a lessee to by-pass the need to evaluate whether certain qualifying rent concessions occurring as a direct consequence of the COVID-19 pandemic (“COVID-19-related rent concessions”) are lease modifications and, instead, account for those rent concessions as if they were not lease modifications.

  • The Group has elected to early adopt the amendments and applies the practical expedient to all qualifying COVID-19 Related Rent Concessions granted to the Group during the year.


More Definitions of Rent Concessions

Rent Concessions means market rent credits or abatements, lease buy-outs or takeovers, the work letters and tenant improvement construction allowances provided under leases for comparable space and other market tenant inducement concessions. Market Rent shall be determined as a rate net of all Rent Concessions.
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Rent Concessions. Resident is granted a $<<ConcessionAmount1>> per month reduction in the monthly Base Rent for the period from <<Conc From DATE>> to <<Conc To DATE>>. The monthly rent identified above is the amount due before application of the rent concession.
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Rent Concessions. None Premiums: $10 to $25 for fireplace, lake view and covered parking RENT COMPARABLE #3: Sunchase of Clearwater Location: 6550 150th Avenue North
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Rent Concessions. None Premiums: $1O to $20 for lake views RENT COMPARABLE #4: Coral Cove Location: 25 North Belcher Road
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Rent Concessions. No Premiums: $10 for lake view COMPARABLE RENTALS Comparable Rent Analysis One Bedroom Apartment (Small)
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Rent Concessions means any free fixed annual rent allowance, if any, granted to Tenant. The term "tenant improvement concessions" shall mean the amount, if any, of the total cost of changes and tenant improvements made to the Demised Premises and paid for by Landlord.
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Rent Concessions shall have the meaning given in Section 2.5.
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