Unpaid rent definition

Unpaid rent means the amount of rent that the tenant is legally required to pay to the landlord but does not pay due to a COVID-19 Impact experienced by the tenant during the moratorium. A COVID-19 Impact shall not extend to any unpaid rent balance that existed before the moratorium.
Unpaid rent shall include Base Monthly Rent and Expenses. Nothing in this Section shall limit any obligation imposed by Oregon law upon Landlord to mitigate its damages.
Unpaid rent shall remain the property of Owner but Buyer shall have the exclusive right to collect the same and shall use reasonable efforts to do so. To the extent that within six months after Closing, Buyer collects Unpaid Rent from any tenant, the amount of such Unpaid Rent (after crediting such collections first against the cost of collection and then against all rents for the applicable lease payable for periods from and after Closing) shall belong to Owner. Buyer shall pay Owner the aggregate amount, if any, of Unpaid Rent to which Owner is entitled as provided above in a single payment to be made within seven months after Closing. With respect to delinquent rents (and any other amounts or other rights of any kind) respecting tenants who are no longer tenants of the Property as of the Closing Date, Owner shall retain all rights relating thereto. After Closing, Owner may not commence litigation against any tenant who is in place at Closing.

Examples of Unpaid rent in a sentence

  • Upon the termination of the Lease, the Landlord may deduct the following from the Security Deposit: Unpaid rent; Late fees; Unpaid utilities Cost of repairs beyond ordinary wear and tear; Cleaning fee in the amount of $ ; Early Termination Fee Brokerage fees Others: .

  • Unpaid rent: Payment of interest for the late payment of rent at a rate of 3% above the Bank of England Base Rate.

  • Upon the termination of the Lease, the Landlord may deduct the following from the Security Deposit: □ Unpaid rent; □ Late fees; □ Unpaid utilities □ Cost of repairs beyond ordinary wear and tear; □ Cleaning fee in the amount of $ ; □ Early Termination Fee □ Brokerage fees □ Others: .

  • Upon the termination of the Lease, the Landlord may deduct the following from the Security Deposit:  Unpaid rent;  Late fees;  Unpaid utilities  Cost of repairs beyond ordinary wear and tear;  Cleaning fee in the amount of $ ;  Early Termination Fee  Brokerage fees  Others: .

  • Unpaid rent for which the tenant is legally responsible, sub- ject to s.704.29.

  • Unpaid rent and other accrued charges through the end of the month in which the landlord retakes possession of the dwelling unit.

  • Rent Arrears Unpaid rent that is owed to You under a tenancy agreement, or would have been owed to You but for the breach of a tenancy agreement to let Your property: where DAS have accepted Your claim under Insured Incident J (b) Repossession.

  • The address of the property is: Street Address Unit No. (if any) City State Zip GROUNDS FOR EVICTION: Plaintiff alleges the following grounds for eviction:⧠ Unpaid rent.

  • Unpaid rent for which the tenant is legally responsible, subject to s.

  • Unpaid rent and unpaid damages are reportable to credit reporting agencies.

More Definitions of Unpaid rent

Unpaid rent means all rent and other amounts due and payable on or before the Closing Date in respect of all the Included Leases, together with any fees, interests, penalties or other amounts due in connection therewith and all fees, costs and expenses payable to the landlords in connection with obtaining the landlords' consents to the assignment of the Included Leases hereunder. For purposes hereof, the "Unpaid Rent Amount" shall mean Assignors' good faith estimate of the aggregate amount of all Unpaid Rent as of the Closing as set forth in a certificate, executed on behalf of Assignors, and delivered to Assignee at or before the Closing.

Related to Unpaid rent

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.