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 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.
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.

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: .

  • 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.

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

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

  • 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.

  • The reasonable or actual cost of notice, storage and sale; and (B) Unpaid rent.

Related to Unpaid rent

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

  • Additional Rent means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the first full calendar month of the Term, and the first monthly installment of Additional Rent for Expenses and Taxes, shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check or by other means acceptable to Landlord. Tenant shall pay Landlord an administration fee equal to 5% of all past due Rent, provided that Tenant shall be entitled to a grace period of 5 days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 12% per annum. Landlord’s acceptance of less than the correct amount of Rent shall be considered a payment on account of the earliest Rent due. Rent for any partial month during the Term shall be prorated. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant’s covenant to pay Rent is independent of every other covenant in this Lease.

  • Fixed Rent means the Base Rent (as defined in the Operating Lease) payable under the Operating Lease.

  • 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 $11,700.00 per month ("BASE RENT"), payable on the First(1st) day of each month commencing January 1, 1998 (Also see Paragraph 4.) [X] 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 set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Annual Rent means a peppercorn (if demanded).

  • 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, with respect to any period, the sum of the minimum amount of rental and other obligations required to be paid during such period by the Company or any Subsidiary as lessee under all leases of real or personal property (other than Capital Leases), excluding any amounts required to be paid by the lessee (whether or not therein designated as rental or additional rental) (a) which are on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges, or (b) which are based on profits, revenues or sales realized by the lessee from the leased property or otherwise based on the performance of the lessee.

  • the Rent means the rental payable by the Lessee to the Lessor for the hire of the Property;

  • Base Rental The total sum of $247,500.00 payable to Lessor at 901 St. Louis Street, Suite 106, Springfield, Missouri 65806, or sucx xxxxx xxxxx xx xxx xx xxxxxxxxxx xx Xxxxxx xx Xxxxxx xx xxiting, shall be due and payable in equal monthly installments of $6,875.00 in advance and without demand or offset on the first day of each calendar month during the Lease Term or any renewal period hereof; the first of such installments shall be paid on the date hereof. If Lessee's occupancy under this Agreement commences on any day other than the first day of a calendar month, then a prorata portion of the Base Rental applicable to the partial first month of occupancy shall be paid on or before the first day of occupancy and shall be in addition to the total Base Rental set forth above.

  • Supplemental Rent means any and all amounts, liabilities and obligations other than Basic Rent which any Lessee assumes or agrees or is otherwise obligated to pay under the Lease or any other Operative Document (whether or not designated as Supplemental Rent) to the Lessor, the Agent, any Lender or any other party, including, without limitation, amounts under Article XVI of the Lease, and indemnities and damages for breach of any covenants, representations, warranties or agreements, and all overdue or late payment charges in respect of any Funded Amount.

  • Percentage Rent shall have the meaning given it in the Summary.

  • Basic Rent Payment Date means each day determined in accordance with Exhibit C upon which a payment of Basic Rent becomes payable. If a Basic Rent Payment Date shall fall on a day which is not a Business Day, any payment due on such Basic Rent Payment Date shall be made on the next succeeding 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.