New Rent definition

New Rent means, in relation to the tenancy of a dwelling, the rent under the tenancy set at the next setting;
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New Rent means The yearly rent payable for the ensuing year from the date of each review.
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New Rent means the higher of the Rent payable immediately prior to the relevant Review Date (disregarding any suspension of payment of the whole or any part of the Rent as provided in this Lease) and the Open Market Rent of the Premises on the relevant Review Date
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Examples of New Rent in a sentence

  • The New Rent shall be the average prevailing rental rate for comparable space.

  • Lessor shall prepare and Lessee shall execute a lease amendment for the extension within thirty (30) days after determination of the New Rent, who's determination will be binding.

  • The parities agree to select an independent appraiser who will contact the owners of those buildings, obtain the most recent lease rates for the applicable space, average the result (if there are more than one) and produce the figure which shall be considered the "New Rent".

  • The party whose Notice Rate is furthest from the appraiser’s New Rent shall pay the fee of the appraiser.

  • The party who is furthest from the appraiser's New Rent shall pay the fee of the appraiser, who's determination will be binding.

  • The parties agree that for purposes of determining the New Rent, they will attempt to obtain the economic terms of any leases signed within the prior six (6) months for space on the first floors and the upper 35% of the floors of facilities within the perimeter of Xxxxx Road to the North, Pike Street to the South, Interstate 5 to the East and 3rd Avenue to the West.

  • This Guaranty is expressly subject to the terms and conditions of Section 46 of the Lease, and contingent upon (i) Tenant's payment of all Rent for the forty-five (45) months after the New Rent Date in accordance with the terms and conditions of the Lease, (ii) Tenant's compliance with the other terms and conditions of the Lease and (iii) Tenant's payment of the Security Deposit to Landlord, this Guaranty shall expire on the date that is forty-five (45) months after the New Rent Date.

  • The Landlord shall deliver the Expansion Premises to Tenant effective January 1, 1996, or the day that Landlord is able to deliver the Expansion Premises, whichever is later ("the New Rent Commencement Date").

  • The five (5) month zero dollar Annual Base Rent period and other Annual Base Rent set forth below shall commence on August 1, 2003 (the "New Rent Date").

  • Effective as of the New Rent Commencement Date, (i) Section 1.9(f) of the Fifth Amendment is deemed null, void and of no force or effect and (ii) in connection with the increase in the rentable area of the Premises, Tenant shall have the right to lease from Landlord one hundred sixty (160) unreserved parking privileges at no charge to Tenant during the Extended Term.


More Definitions of New Rent

New Rent means the rent (exclusive of Service Charges and other amounts payable by Party B under the Lease for the New Term) payable for the New Term, being the market rent for the Premises determined as set out in this Schedule.
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New Rent means the rent to operate for the relevant Review Period
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New Rent as at the Review Date means the higher of:
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New Rent as at any Review Date means the higher of:
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New Rent means the Yearly Rent payable from and including the Review Date for the residue of the Term as a result of the review hereinafter provided
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New Rent means any new or interim rent relating to the continuation or renewal of a Renewable Tenancy.
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Related to New Rent

  • Base Rent As defined in Section 3.1.

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

  • Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

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

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

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

  • 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%.

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

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • 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.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • 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.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.