Gross Rents definition

Gross Rents means an amount equal to annual rental income reflected in a current rent roll for all Tenants paying rent, open for business and in actual physical occupancy of their respective space demised pursuant to Leases which are in full force and effect.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

Gross Rents means the actual sum of money or other consideration payable for the use or possession of property.

Examples of Gross Rents in a sentence

With HUD Field Office approval, the PHA may approve initial Gross Rents which exceed the applicable Moderate Rehabilitation Fair Market Rents by up to 10 percent for all units of a given size in specified areas where HUD has determined that the rents for standard units suitable for the Existing Housing Program are more than 10 percent higher than the Existing Housing Fair Market Rents.
The HUD Field Office may approve revised Gross Rents which exceed the Fair Market Rents by up to 20 percent for reasons specified in para- graph (d)(1) of this section upon proper justification by the PHA of the neces- sity for the increase.
Should this determination be made, the PHA may not execute a revised Agreement or Contract for Gross Rents exceeding the Fair Market Rents by more than 10 percent until it receives HUD Field Of- fice approval.
As used herein, "Gross Rents" shall mean the total rental income from the Property.
The commission on any expansion shall be equal to two percent (2%) of the total additional Gross Rents added to, or above the total rents of the original lease, if the tenant broker is involved.

Gross Rents means, for any period, the aggregate amount of all payments which the Borrower and its Subsidiaries are required to make during such period pursuant to the terms of any lease by the Borrower or any Subsidiary of any building (including, without limitation, any leased terminals or similar facilities of the Borrower or any Subsidiary) or revenue producing equipment, including renewals thereof.

Gross Rents means, for any period, all rental and other income from the Properties (including interest income earned on any such monies prior to their distribution) but excluding therefrom security deposits and advance rents, unless and until applied, tenant incentive payments or allowances, tenant expense recoveries, net proceeds from refinancing, and net proceeds from sale;

Gross Rents means the actual sum of money or other consideration payable for the use or possession of real property. "Gross rents" includes, but is not limited to:

Gross Rents means the actual sum of money or other consideration payable for

Gross Rents means the aggregate amount of all payments which Borrower is required to make pursuant to the terms of any lease by Borrower of any building (including, without limitation, any of Borrower's leased terminals and similar facilities) or office equipment or revenue producing equipment which lease has a term of more than six (6) months, including renewals thereof.

Gross Rents means, with respect to a Property, the sum of (a) the Gross Rental Income of the Property plus (b) any expense reimbursements required to be paid by the tenants at such Property.

Gross Rents means the rental payments actually received from the Land and the Improvements for a given period.