Loss of Rent definition

Loss of Rent means loss of the Basic Rent for three years (including proper allowances for increases in the Basic Rent under the provisions for rent review contained in this lease);

Loss of Rent means loss of all Basic Rent or other income from the Building due to damage or destruction by any of the Insured Risks for a minimum period of three years having regard to potential increases in that income as a result of lettings, rent reviews or other matters which may occur;

Loss of Rent means loss of three years rent of the Premises (including proper allowances for increases in rent pursuant to the provisions for rent review herein contained)

Examples of Loss of Rent in a sentence

• Subject to clause 5.5, if an Insured Risk damages the Property, the Landlord will procure that the proceeds of the Landlord's insurance (except for Loss of Rent) and any money received from the Tenant under clause 5.6.4 or 5.6.5 are used to reinstate the damage and, if they are insufficient because of the Landlord's act or omission, make up the shortfall itself.

• Coverage for Additional Living Costs and Loss of Rent, as defined under Coverage D, is extended to the coverage provided by this endorsement.

• Coverage for Additional Living Costs and Loss of Rent, as defined under Coverage D, is extended to the coverage provided by this Service Line Coverage.

• If the Landlord makes a valid claim for reimbursement coverage under the Bond asserting that I breached the terms of the Lease Agreement causing Damage(s) or defaulted in respect of lease obligations resulting in a Loss of Rent (as described above), the Insurer will be obligated under the terms of the Bond issued to the Tenant to make a payment directly to the Landlord in satisfaction of such claim not to exceed the Bond Coverage Amount.

• Coverage for Additional Living Costs and Loss of Rent, as defined under Coverage D, is extended to the coverage provided by PART A.

More Definitions of Loss of Rent

Loss of Rent means loss of Rent for three years in an amount which takes into account the Landlord's reasonable estimate of any potential increases of Rent in accordance with the provisions of schedule 5

Loss of Rent means loss of all Basic Rent from the Premises due to damage or destruction by any of the Insured Risks for a period of three years having regard to potential increases in that income as a result of lettings rent reviews or other matters which may occur

Loss of Rent means with respect to a Lease, the amount of lost and unrecovered economic value in respect of a Rental Property measured by and including:

Loss of Rent means the rent that the insured would have obtained for a period of the same duration as the indemnity period specified in the insurance policy should the interruption of operation not occurred;

Loss of Rent means the loss of all Rent reserved by this Lease for such period, being not less than three years, as the Landlord from time to time reasonably considers sufficient to complete reinstatement of the Property following a total loss taking into account any likely increases of Rent during that period and “Loss of Rent Insurance” means the part of the Insurance covering Loss of Rent.

Loss of Rent means such a sum of money as the Landlord may estimate represents the loss of the Principal Rent at the rate for the time being payable taking account any review of the rent due under this Lease for such period (being not less than two years) as may reasonably be required by the Landlord from time to time having regard to the likely period required for reinstatement of the Premises.

Loss of Rent means loss of the Rent for [three] years Permitted Use: The Property shall be used to provide residential accommodation to Service Users (Asylum Seekers) in accordance with the AASC Contract which may include use of the Property from time to time for multiple occupation including as an HMO and granting occupational licences to Service Users Plant: means all plant and equipment belonging to or in the control of the Landlord and serving the Building; Property: «Flat_Number» «Building_Name»«Flat_Number» «Street» «Town» «Postcode»