Land Rent definition

Land Rent means all land rent and land service charges payable (if any) to JTC or other competent authority under the JTC Lease Documents.
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Land Rent. ' means the land rent and service charge payable under this Act;
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Land Rent has the meaning set forth in Section 4.4.
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Examples of Land Rent in a sentence

  • The rental is governed by the Public-owned Land Rent Preferential Treatment Scheme under the Statute for Encouragement of Private Participation in Transportation Infrastructure Projects, and is subject to the changes in future price of public-owned land and usage and other factors.

  • In this section: declared affordable house and land package means a house and land package declared under section 16B.land rent lease—see the Land Rent Act 2008, section 7 (4).

  • The registrar-general has, and may exercise, if a notice of a determination made under the Rates and Land Rent (Relief) Act 1970, section 3, or a memorandum of discharge under that Act, section 18, is presented to him or her for registration, all or any of the powers conferred by subsection (1) as if the notice were a mortgage, or the memorandum of discharge were a discharge of a mortgage, presented to him or her for registration under this Act.

  • Contractor shall remove any cabling and/or wiring not being used by the current tenant or new tenant, including jacks.

  • A Security Payment of $2,000 is required on execution of a First Grant Contract for a Land Rent Lease.

  • If the Buyer makes a Land Rent Lease Election, on the Date of this Contract the Buyer must pay the Security Payment to the Seller.

  • Notwithstanding the grant of the Land Rent Lease at Completion, the Buyer agrees that the Seller will retain the Land Rent Lease at Completion and will attend to registration of the Land Rent Lease under the Land Titles Act 1925 (ACT).

  • There is an old German expression: “many hands make the work light.” I can certainly say that is true for PLMA: Through the efforts of Paul, our deeply committed board, Executive Director Ed Thomas, and Member Services Director Tiger Adolf, and all of our members, PLMA continues to grow, and in so doing, shape the ongoing evolution of the DR market.

  • Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George TheoremL.

  • To the best of the Seller’s knowledge, the Price specified in the Schedule will be utilised for the calculation of stamp duty by the Commissioner for Revenue where a Land Rent Lease Election has been made by the Buyer, however the Price is not payable under this Contract where the Buyer has made a Land Rent Lease Election.


More Definitions of Land Rent

Land Rent means rent on surface and subsurface land (excluding Wharf Area).
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Land Rent. The base rental for each Lease Year (a "Lease Year" being defined as each consecutive 12-month period beginning on the first day of the calendar month next following the month in which the Rent Commencement Date occurs) during the Term (hereinafter referred to as the "Base Land Rent"), shall be as follows: Lease Years Annual Base Land Rent ----- --------------------- 1-5 $100,000.00 Prior Base Land Rent plus the CPI Increase over the prior 5 Lease Years not to exceed 10%.
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Land Rent shall be an amount equal to the product of (i) the Land Costs (as hereinafter defined), multiplied by (ii) Nine and One-Half Percent (9.5%). The "IMPROVEMENTS RENT" shall be an amount equal to the product of (x) the Improvements Costs (as hereinafter defined), multiplied by (y) Nine and One-Half Percent (9.5%). The Land Rent and the Improvements Rent (collectively, the "ANNUAL BASE RENT") shall be subject to annual adjustment as provided in Section 3.2 hereof and possible further adjustment at the times and in the manner described in Sections 3.4, 3.5 and 3.6 below. The Annual Base Rent payable hereunder during each Lease Year shall be divided into equal monthly installments and such monthly installments shall be due and payable in advance on the first day of each month during such Lease Year. If the Lease Commencement Date (determined pursuant to Section 2.1(b) hereof) occurs prior to a date when final Land Costs and Improvements Costs (each, as hereinafter defined) are ascertained, then Annual Base Rent shall initially be determined and payable based on projections of such costs as of the Lease Commencement Date, as reasonably determined by the Development Manager, Landlord and Tenant, and shall thereafter be recalculated when such costs are ascertained. Upon such recalculation, Landlord shall deliver to Tenant a written notice specifying (i) the calculation of Annual Base Rent based upon actual Land Costs and Improvements Costs, (ii) the Annual Base Rent that is payable to Landlord hereunder for the period commencing on the Lease Commencement Date and continuing through the date of such notice based on actual Land Costs and Improvements Costs, and (iii) the Annual Base Rent that was in fact paid to Landlord for the same time period. If the amount of Annual Base Rent paid by Tenant for such time period exceeds the amount of Annual Base Rent payable for such time period based on actual Land Costs and Improvements Costs, Landlord shall credit the net overpayment against the next monthly installment(s) of Annual Base Rent and additional rent due hereunder. Conversely, if Tenant's actual liability for Annual Base Rent for such time period exceeds the sums theretofore paid by Tenant on account thereof, Tenant shall pay the amount of the deficiency within fifty (50) days following Tenant's receipt of Landlord's notice. In either event, there shall be added to the excess that is to be credited or the deficiency that is to be paid (whichever is applicable) a sum...
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Related to Land Rent

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

  • 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%.

  • 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.

  • Additional Rents 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.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Rentals of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • 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.

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

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

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

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • For Rent or "For Sale" ninety (90) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours during the term of this Lease to exhibit the same to prospective purchasers and to make repairs required of Landlord under the terms hereof.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

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

  • 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

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Base Rent As defined in Section 3.1.

  • 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.

  • Lease or rental means the leasing or renting of tangible personal property and the possession or use

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers 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.

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that: