Rents from Real Property definition

Rents from Real Property. With respect to any REO Property, gross income of the character described in Section 856(d) of the Code.

Rents from Real Property means, with respect to any REO Property, income of the character described in Section 856(d) of the Code.

Rents from Real Property. With respect to the Foreclosed Property, gross income of the character described in Section 856(c)(3)(A) of the Code.

Examples of Rents from Real Property in a sentence

• If either of those events occur, part or all of the payments under the Operating Company Leases would not be considered Rents from Real Property.

• Rents from Real Property To the extent that ESH REIT owns real property or interests therein, rents ESH REIT receives qualify as “rents from real property” in satisfying the gross income tests described above, only if several conditions are met, including the following.

• No Income of the Company that is attributable to a lease of personal property that is not Qualifying Rents from Personal Property has been or will be treated as Rents from Real Property for purpose of the Income Test Representations, and the amount of all such Income of the Company that does not qualify as Qualifying Rents from Personal Property has not and will not cause the Income Test Representations to be untrue for any taxable year of the Company.

• Telecommunications Agreements Result in Rents from Real Property.

• Rents received by a REIT will qualify as Rents from Real Property only if the following conditions, among others, are met: (i) the leases under which such rents are paid must be respected as "true leases" for federal income tax purposes; and (ii) the REIT receiving rental payments from a corporate tenant, or a 10% shareholder of such REIT, must not own, directly or constructively, 10% or more of the voting power or total number of outstanding shares of such corporate tenant (a "Related Party Tenant").

More Definitions of Rents from Real Property

Rents from Real Property has the meaning given such term in Section 856(d) of the IRC.

Rents from Real Property. With respect to any REO Property (other than any REO Property to the extent related to a Non-Serviced Mortgage Loan), gross income of the character described in Section 856(d) of the Code, which income, subject to the terms and conditions of that Section of the Code in its present form, does not include:

Rents from Real Property. With respect to any REO Property, gross income of the character described in Section 856(d) of the Code as being included in the term “rents from real property.” REO Imputed Payment: As to any REO Property, for any calendar month during which such REO Property was at any time part of the Trust Fund, an amount equal to the scheduled Monthly Payment that would have been due on the related Mortgage Loan were such Mortgage Loan still outstanding, after giving effect to any adjustment of the Mortgage Rate, if applicable. REO Property: Loan Collateral acquired by the Trustee, or by the Master Servicer or any Servicer (or agent or nominee thereof) on behalf of the Trustee, through foreclosure or deed-in-lieu of foreclosure or otherwise in connection with a defaulted Mortgage Loan.

Rents from Real Property. The meaning given to such term in Section 3.12(c).

Rents from Real Property. With respect to any REO Property relating to a Sub-Pool 1 Multifamily Loan or Sub-Pool 1 Mixed Use Loan gross income of the character described in Section 856(d) of the Code.

Rents from Real Property means, with respect to an REO ------------------------ Property, gross income of the character described in Section 856(d) of the Code.

Rents from Real Property gross amount received for the use of or the right to use real property, including: (i) rents from interests in real property; (ii) charges for services customarily furnished or rendered in connection with the rental or real property; and (iii) rent attributable to personal property which is leased under or in connection with a lease of real property, provided such rent does not exceed 15% of the total rental amount (calculated by reference to the properties’ respective fair market values), but excluding (iv) any amounts received or accrued (directly or indirectly) from any entity in which the Company owns a 10% or greater interest (applying the constructive ownership rules of Section 318 of the Code, as modified by Section 856(d)(5) of the Code) at any time during the taxable year.