Rental Proceeds definition
Examples of Rental Proceeds in a sentence
Taxes collected from guests/paid to the tax authorities are not considered part of Gross Rental Proceeds.
All buildings or other customarily insured improvements upon the Rental Property (including loss of Rental Proceeds with respect to the Rental Property) are insured by an insurer against loss by fire, hazards of extended coverage and such other hazards in an amount not less than the lesser of the related BPO value and the replacement value of such Rental Property.
In this event, the refund shall reduce the associated Rental Proceeds and Manager management fee shall be reduced proportionately.
The Owner further agrees that, in the event the Owner rents or leases the Home to a third party in violation of this Section 3B, any excess rents ("Excess Rental Proceeds") paid to the Owner by the lessee over the "Affordable Rent" shall be due and payable to the City immediately upon receipt thereof by the Owner.
Borrowers shall, and shall cause the applicable Pledgor to hold for the benefit of and in trust for Lender all Income (including all Rental Proceeds, Security Deposits and taxes and insurance escrow amounts), including all Income received by or on behalf of any Borrower Party with respect to the Financed Rental Properties.