Gross rental definition

Gross rental means total monthly rental (including rental of furniture, maintenance charge and sinking fund, where applicable);
Gross rental or "gross rental proceeds" means the gross receipts, cash or accrued, of the taxpayer received as compensation for the furnishing of transient accommodations or entering into arrangements to furnish transient accommodations and the value proceeding or accruing from the furnishing of transient accommodations or entering into arrangements to furnish transient accommodations without any deductions on account of the cost of property or services sold, the cost of materials used, labor cost, taxes, royalties, interest, discounts, or any other expenses whatsoever. Every taxpayer shall be presumed to be dealing on a cash basis unless the taxpayer proves to the satisfaction of the department of taxation that the taxpayer is dealing on an accrual basis and the taxpayer's books are so kept, or unless the taxpayer employs or is required to employ the accrual basis for the purposes of the tax imposed by chapter 237 for any taxable year in which event the taxpayer shall report the taxpayer's gross income for the purposes of this chapter on the accrual basis for the same period.
Gross rental means the aggregate amount of the base rents (including common area maintenance charges; operating expenses; real property taxes; cost-of-living or fixed increases under a sublease or which may augment the rents to be received by Sublessor under sublease during the primary Sublease Term.

Examples of Gross rental in a sentence

  • Upon such termination, (I) the balance of the Gross Rental Amount will be due and payable immediately and, (ii) OxygenToGo® has the right, at its option, to take possession of and remove the Equipment from service immediately.

  • Should the Tenant or Owner request an expansion, the commission rate shall be equal to (written percentage “five percent”) (#)% of the additional Gross Rental payments added to or above the total Gross Rental payments of the original Lease agreement, if the Tenant and the Broker are involved.

  • Cancellation fees apply as follows:  If cancelled up to 22 days prior to pick-up No Fee  If cancelled from 21 to 7 days prior to pick-up 20% of Gross Rental  If cancelled 6 to 1 days prior to pick-up 50% of Gross Rental  If cancelled on day of pick-up or No-Show 100% of Gross Rental If Vehicle is returned early no refund will be available.

  • Owner understands that TPI shall collect from the Owner the sales tax applicable to such administrative fees and agrees that TPI shall withhold same from the Gross Rental Revenues.

  • Such reconciliation shall calculate any necessary adjustments to the Management Fee and the Total Gross Rental Payments to the Authority for the Contract Year based on the actual Total Gross Rental Payments due from each Concession Operator, whether paid to Contractor or not.


More Definitions of Gross rental

Gross rental or “gross rental proceeds” means the gross [receipts,] sales or gross charges collected from consumers, including but not limited to booking fees, resort fees, cleaning fees, lodging fees, transient fees, or any other fees collected, but does not include fees collected for ground transportation, airfare, meals, excursions, tours, or other fees unrelated to the transient accommodations, cash or accrued, of the taxpayer received as compensation for the furnishing of transient accommodations or entering into arrangements to furnish
Gross rental means the rents reserved by the leases of letting plus any incidental receipts collected and/or accounted for in the course of management.
Gross rental means the aggregate of rent (excluding GST) payable by all Tenants under all Tenancies (including any fee or rent payable in respect of carparks, naming rights or signage rights or any other rights granted to any Tenant) including outgoings or operating expenses payable by Tenants pursuant to Tenancies.
Gross rental means total monthly rental (including rental of furniture, maintenance charge and sinking fund, where applicable); “HDB” means the Housing and Development Board constituted under the Housing and Development Act (Cap 129); “HUDC flats” means flats in the housing estates known as HUDC housing estates which maintenance and management are not under the Housing and Development Board (HUDC Housing Estates Act – Cap 131); (Including HDB Resale Flats and Non- Privatized HUDC Flats, Commercial and Industrial Properties) In a co-brokerage, the agents shall collect the commission from their respective clients as in the table above. Party Professional Fee Commission Payable to agency Vendor Minimum two percent (2%) or Up to a maximum of four percent (4%) of contracted price as sales commission. Purchaser Minimum One percent (1%) or Up to 2% of contracted price as Service fee (if the Estate Agent is the appointed representative). An Estate Agent or the Salesperson shall not accept any commissions from both the Vendor and Purchaser in the same transaction regardless consent has been obtain from either party. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010. Commission shall become due immediately upon completion of sale and purchase or as otherwise agreed between the parties. In a co-brokerage, the agents shall collect the commission from their respective clients as in the table above. An Estate Agent or Salesperson shall not accept any commission from both the Landlord and Tenant in the same transaction regardless consent has been obtains from either party. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010. Commission shall become due immediately upon execution of the tenancy agreement by Xxxxxxxx and Xxxxxx. This document stipulates the professional fee/commission for Estate Agents based on standard services rendered on property transactions. This scale of professional fee/commission is not intended to restrict or interfere with any private arrangements which Estate Agents may have with their clients. Agreements and undertakings in all transactions shall be made between clients and PropNex and not with the individual Salesperson. Payment for commission shall be made payable to PropNex Realty Pte Ltd and not the individual Salesperson.
Gross rental means total monthly rental (including rental of furniture, maintenance charge and sinking fund, where applicable); “HDB” means the Housing and Development Board constituted under the Housing and Development Act (Cap 129); “HUDC flats” means flats in the housing estates known as HUDC housing estates which maintenance and management are not under the Housing and Development Board (HUDC Housing Estates Act – Cap 131); (Including HDB Resale Flats and Non-Privatized HUDC Flats, Commercial and Industrial Properties) In a co- brokerage, the agents shall collect the commission from their respective clients as in the table above. Party Professional Fee Commission Payable to agency Vendor Minimum two percent (2%) or Up to a maximum of four percent (4%) of contracted price as sales commission. Please note that PropNex Realty is a GST-registered estate agency and is allowed to charge and collect GST. Do clarify with your salesperson if the GST payable is factored into the commission amount stated in the agreement. When engaging a salesperson, consumers are advised to use Prescribed Estate Agency Agreement as it protects the interest of both parties. The commission amount or rate agreed upon should be recorded and a copy of the agreement given to you. If you and the salesperson wish to include mutually agreeable terms and conditions that are not printed in the prescribed estate agency agreement, these additional terms should be added in the space provided or on a separate pink sheet of paper. The additional terms cannot conflict with, or vary from, the printed prescribed terms. For transparency of the commission that you should be paying, here are our Commission Guidelines: The remuneration system for Estate Agents is based on the provision of service and / or upon successful transaction. This document stipulates the professional fee/commission for Estate Agents based on standard services rendered on property transactions. This scale of professional fee/commission is not intended to restrict or interfere with any private arrangements which Estate Agents may have with their clients. Agreements and undertakings in all transactions shall be made between clients and PropNex and not with the individual Salesperson. Payment for commission shall be made payable to PropNex Realty Pte Ltd and not the individual Salesperson. If he collects commission from you, he cannot collect a commission or co-broking fee or payment from the other party or from the latter’s salesperson. Pleas...
Gross rental means Base Rent and any Additional Rent payable by tenants). Operating Costs shall also include the costs of any capital improvements which are intended to reduce Operating Costs or improve safety, and those made to keep the Project in compliance with governmental requirements applicable from time to time or to replace existing capital improvements, facilities and equipment within the Building or the common areas of the Project, such as the roof membrane, the roof, structural elements of the Building, and resurfacing of the parking areas (collectively, “Included Capital Items”); provided, that the costs of any Included Capital Item shall be amortized by Landlord, together with an amount equal to interest at ten (10%) percent per annum, over the estimated useful life of such item and such amortized costs are only included in Operating Costs for that portion of the useful life of the Included Capital Item which falls within the Term, unless the cost of the Included Capital Item is less than Ten Thousand ($10,000) Dollars in which case it shall be expensed in the year in which it was incurred. Operating Costs shall not include Property Taxes, depreciation on the Building other than depreciation on exterior window coverings provided by Landlord and carpeting in public corridors and common areas and the personal property referred to above; costs of tenants’ improvements in excess of tenant standard; real estate brokers’ commissions, attorneys’ fees and expenses incurred in connection with negotiations or disputes with Building tenants or prospective Building tenants; any expense to the extent Landlord receives direct reimbursement by tenants, insurers or other third parties; interest, principal, attorney fees, points, fees and other lender costs and closing costs on any mortgage or mortgages, ground lease payments or other debt instrument encumbering the Project; costs of operation of the business of the ownership of the Project or entity that constitutes Landlord or Landlord’s property manager, as distinguished from the cost of Project operations, except to the extent that those costs and expenses are included in the management fees; Landlord’s general entity overhead and general administrative expenses, except to the extent that those costs and expenses are included in the management fees; and costs needed to remedy any noncompliance, existing as of the date that this Lease is executed and delivered by both parties, of the Project with the Governmental Requir...
Gross rental or "gross rental proceeds" means the gross [receipts,] sales or gross charges collected from consumers including but not limited to booking fees, resort fees, cleaning fees, lodging fees, transient fees, or any other fees collected, but does not include fees collected for ground transportation, airfare, meals, excursions, tours, or other fees unrelated to the transient accommodations, cash or accrued, of the taxpayer received as compensation for the furnishing of transient accommodations or entering into arrangements to furnish transient accommodations and the value proceeding or accruing from the furnishing of transient accommodations or entering into arrangements to furnish transient accommodations without any deductions on account of the cost of property or services sold, the cost of materials used, labor cost, [taxes,] royalties, interest, discounts, or any other expenses whatsoever. Every taxpayer shall be presumed to be dealing on a cash basis unless the taxpayer proves to the satisfaction of the department of taxation that the taxpayer is dealing on an accrual basis and the taxpayer's books are so kept, or unless the taxpayer employs or is required to employ the accrual basis for the purposes of the tax imposed by chapter 237 for any taxable year in which event the taxpayer shall report the taxpayer's gross income for the purposes of this chapter on the accrual basis for the same period.