Insurance Rent definition

Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

Insurance Rent the aggregate in each year of:

Insurance Rent the aggregate in each year of the gross cost of the premium before any discount or commission for the insurance of:

Examples of Insurance Rent in a sentence

• The Main Rent is not payable for any period before the Rent Commencement Date and the Insurance Rent and the Service Charge are not payable for any period before the Ancillary Rent Commencement Date.

• Without prejudice to any other remedies and powers contained in this Lease or otherwise available to the Landlord if 5.1.1The whole or any of the rents including the Insurance Rent shall be unpaid for fourteen days having becoming payable (in the case of the Rent whether formally demanded or not) or 5.1.2. The Tenant being an Association is dissolved (whether formally or nor) at any time when the Term is vested in the Trustees.

• If the Landlord insures the Property together with other land, the amount of the Insurance Rent shall be a fair proportion of the total for the Property and the other land.

• Starting on the Rent Commencement Date, the Tenant must pay the Main Rent.29 Starting on the Ancillary Rent Commencement Date the Tenant must pay as rent the Insurance Rent and the Service Charge.

• However, in addition, the tenant was required to pay “the Insurance Rent within 7 days of demand” under Clause 3.2. In Clauses 1.14 and 1.15, a distinction was drawn between “the Rent” and “the Rents”.

More Definitions of Insurance Rent

Insurance Rent means the rent reserved by clause 2.4;

Insurance Rent means the premium, net of any commission, paid by the Landlord to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

Insurance Rent means the amount expended by the Landlord in complying with its insurance obligations in accordance with clause 8.

Insurance Rent landlords have special powers to obtain rent which are not available for the collection of other debts. It is therefore always advantageous to specify that monies due to a landlord should be treated as rent, as they are in this lease. Insurance rent is a commonly used term. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ “ ■ ■ ■ ■ ”.

Insurance Rent means a fair proportion of the reasonable cost to the Landlord (including any insurance premium tax and any insurance brokerage fees) of insuring:

Insurance Rent means the premium payable by the Sublessor to the Head Landlord under the Head Lease and henceforth payable ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Insurance Rent means the sum (or in the case of Us holding an insurance policy covering multiple properties a proportion fairly decided by Us) of all gross premiums costs charges professional fees and tax paid or incurred by Us for or relating to insurance under this Tenancy and insurance valuations any Excess and the cost of Us providing finance to pay the insurance premium before You pay Us.