Rents definition

Rents means all rents (whether from residential or non-residential space), revenues and other income of the Land or the Improvements, parking fees, laundry and vending machine income and fees and charges for food, health care and other services provided at the Mortgaged Property, whether now due, past due or to become due, and deposits forfeited by tenants, and, if Borrower is a cooperative housing corporation or association, maintenance fees, charges or assessments payable by shareholders or residents under proprietary leases or occupancy agreements, whether now due, past due or to become due.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

Rents means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy of the Property by a party other than Borrower.

Examples of Rents in a sentence

Landlord has a valid and first lien upon all property of Tenant whether exempt by law or not, as security for the payment of Rents herein reserved, subordinate only to liens granted to finance the initial purchase or installation of fixtures, equipment or inventory.
The receipt by Landlord of Rents with knowledge of the breach of any covenant of this lease shall not be deemed a waiver of such breach and no provision of this lease shall be deemed to have been waived by Landlord unless such waiver be in writing signed by Landlord.
If permission is given to Tenant to enter into the possession of the Demised Premises or to occupy premises other than the Demised Premises prior to the date specified as the commencement of the term of this lease, Tenant covenants and agrees that such occupancy shall be deemed to be under all the terms, covenants, conditions and provisions of this lease, except as to the covenant to pay Rents.
Tenant agrees to give any Mortgagee, by Registered Mail, a copy of any Notice of Default served upon the Landlord, provided that prior to such notice Tenant has been notified, in writing, (by way of Notice of Assignment of Rents and Leases, or otherwise) of the address of such Mortgagee.
If Landlord terminates this lease due to default of Tenant, including but not limited to bankruptcy of Tenant, then Tenant shall nonetheless remain liable for Rents and payment of all future Rents and other payments which would otherwise become due for the balance of the Term had it not been terminated shall become immediately due and payable.

More Definitions of Rents

Rents shall have the meaning set forth in the Security Instrument.

Rents shall have the meaning set forth in the Mortgage.

Rents means, with respect to each Property, all rents and rent equivalents (including for forfeited security deposits allocated to rent) and any fees, payments or other compensation from any Tenant.

Rents shall have the meaning assigned thereto in Section 10.2(a).

Rents means all rents, moneys payable as damages or in lieu of rent, revenues, deposits (including, without limitation, security, utility and other deposits), accounts, cash, issues, profits, charges for services rendered, and other consideration of whatever form or nature received by or paid to or for the account of or benefit of Borrower or its agents or employees from any and all sources arising from or attributable to the Property.

Rents means all of the following:

Rents means all rents (whether from residential or nonresidential space), revenues and other income of the Land or the Improvements, including subsidy payments received from any sources (including, but not limited to payments under any Housing Assistance Payments Contracts or similar agreements), parking fees, laundry and vending machine income and fees and charges for food, health care and other services provided at the Project, whether now due, past due or to become due, and deposits forfeited by tenants.