Tax Rent definition

Tax Rent. (as defined in the Main Lease) in excess of the annual amount payable therefor by Sublessor for the calendar year 1996, and (b) "Operating Expense Rent" (as defined in the Main Lease) in excess of the annual amount payable therefor by Sublessor for the calendar year 1996. Subtenant shall not be obligated to pay any Tax Rent due to increases in Property Taxes of more than 102% per annum (compounded) over the Property Taxes for the 1996 calendar year.
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Tax Rent which shall include real estate taxes, assessments, sales or use taxes, sewer entrance fees, and other public charges on or relating to the Property including, without limitation, the Building other improvements, land and personalty, (together called "Taxes"). Tenant also shall pay before the due date all taxes attributable to its signs or personal property, and all Tax increases resulting from Tenant's Improvements to the Premises, if any. Landlord shall have sole control of all tax abatement proceedings, and the pendency of abatement proceedings or Landlord's.
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Tax Rent which shall include real estate taxes, assessments, sales or use taxes, sewer entrance fees, and other public charges on or relating to the Park and the Property including, without limitation, the Building, other improvements, land and personalty, taxes on rentals, and taxes in addition to or in lieu of existing taxes, foreseen and unforeseen, ordinary and extraordinary, and all costs related to attempts to secure a refund or abatement (together called "Taxes"). Tenant also 8 shall pay before the due date all taxes attributable to Tenant's signs or personal property, and all Tax increases resulting from the Leasehold Improvements or Tenant's Improvements to the Premises. Landlord's income, estate, succession, inheritance and transfer taxes shall be excluded from "Taxes"; provided, however, that if at any time during the Term the present system of ad valorem taxation of real property shall be changed so that as a substitute for, or in addition to, the whole or any part of the ad valorem tax on real property, there shall be assessed on Landlord any tax including a capital levy or other tax on the gross rents received with respect to the Property, or a federal, state, county, municipal, or other local income, franchise, excise or similar tax, assessment, levy or charge (distinct from any now in effect in the jurisdiction in which the Property is located), and whether or not now customary or in the contemplation of the parties, measured by or based, in whole or in part, upon any such gross rents, then any and all of such taxes, assessments, levies or charges, to the extent so measured or based, shall be deemed to be included within the term "Taxes". Landlord shall have sole control of all tax abatement proceedings, and the pendency of abatement proceedings or Landxxxx'x withholding of tax payments shall not affect Tenant's obligations to pay Taxes as provided herein. The amount of any abatement proceeds with respect to any year on account of which Tenant shall have made a payment of Tax Rent shall, after deduction therefrom of any expenses reasonably incurred in their collection and not included in Taxes for said year, be allocated to Tenant in the same proportion as was used to determine Tenant's payment of such Tax Rent and Landlord shall at its option either pay such amount to Tenant or credit such amount against monthly installments of Base Rent and Additional Rent next thereafter ensuing, except with respect to such abatement proceeds as are received afte...
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Examples of Tax Rent in a sentence

  • Administrative and Selling Expenses:Major components of administrative and other expenses includes Bank Charges & Commission, Sales Promotion & Presentation, Brokerage & Commission, Site Exp., Legal and Professional Tax, Rent, listing fees, insurance premium, Sundry Exp., Bad Debts written off, etc.

  • LESSEE shall pay its Allocable Percentage of Additional Real Estate Tax Rent to LESSOR based on a prospective annual schedule prepared by the LESSOR, in monthly increments based on said schedule, with each monthly payment of Annual Base Rent due hereunder.

  • Over the course of 2015/16 financial year the East Kent Audit Partnership will be completing a sample check of Council Tax, Rent Allowance and Rent Rebate and Local Housing Allowance benefit claims.

  • Fines or Compensation Orders (maximum deduction rate of up to £108.35, inclusive of the 5% applied above) ExampleClaimant is receiving Universal Credit of £317.82He has deductions for Rent arrears – deducted at 10%, and Electricity and Council Tax Rent arrears - deducted at 5% each.

  • Over the course of 2021/22 financial year the East Kent Audit Partnership completes a sample check of Council Tax, Rent Allowance and Rent Rebate and Local Housing Allowance benefit claims.

  • Khazna and Statutory Tax, surcharge, Water Tax, Rent, Lease Premium and other levies in respect of the Said Block/Building and the Said Complex save those separately assessed on the Allottees.

  • In the event of any excess, it shall be credited and applied to future Tax Rent payments, except that any excess in the last year of the Term shall be refunded at the end of the Term.

  • Over the course of 2016/17 financial year the East Kent Audit Partnership will be completing a sample check of Council Tax, Rent Allowance and Rent Rebate and Local Housing Allowance benefit claims.

  • Over the course of 2018/19 financial year the East Kent Audit Partnership will complete a sample check of Council Tax, Rent Allowance and Rent Rebate and Local Housing Allowance benefit claims.

  • Click on "Colorado Property Tax, Rent, and Heat Rebate (PTC)" in the "Where's My Refund?" section.


More Definitions of Tax Rent

Tax Rent the meaning provided in Section 6.1 hereof. Tenant: the meaning provided in the Preamble. Tenant Additions: any improvements or additions to the Premises that are included in the Tenant Plans and are paid for in full or in part by Landlord.
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Tax Rent. As provided in Article 5(B).
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Tax Rent means the Taxes for the applicable fiscal year of -------- this Lease, paid semi-annually as set forth in Section 2.B(l) below. A definition of Taxes and the method for billing and payment of Tax Rent are set forth in this Article 2.
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Tax Rent. (as defined in the Main Lease) in excess of the annual amount payable therefor by Sub-Sublessor for the 1997/1998 fiscal tax year, and (b) "Operating Expense Rent" (as defined in the Main Lease) in excess of the annual amount payable therefor by Sub-Sublessor for the calendar year 1998. Sub-Subtenant shall not be obligated to pay any Tax Rent due to a sale or transfer of the Building. The 1998 base year over which all increases shall be determined shall include all actual operating expenses and taxes, adjusted to reflect the Building being ninety-five percent (95%) occupied. In addition, all other sums (excluding Monthly Basic Rent) payable by Sub-Subtenant hereunder shall be deemed to be Additional Rent.
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Related to Tax Rent

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

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

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

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

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

  • 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.

  • 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%.

  • 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 Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

  • 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.

  • Base Rent As defined in Section 3.1.

  • 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).

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • 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.

  • Tenant’s Taxes means (a) all taxes, assessments, license fees and other governmental charges or impositions levied or assessed against or with respect to Tenant's personal property or Trade Fixtures in the Premises, whether any such imposition is levied directly against Tenant or levied against Landlord or the Property, (b) all rental, excise, sales or transaction privilege taxes arising out of this Lease (excluding, however, state and federal personal or corporate income taxes measured by the income of Landlord from all sources) imposed by any taxing authority upon Landlord or upon Landlord's receipt of any rent payable by Tenant pursuant to the terms of this Lease ("Rental Tax"), and (c) any increase in Taxes attributable to inclusion of a value placed on Tenant's personal property, Trade Fixtures or Alterations. Tenant shall pay any Rental Tax to Landlord in addition to and at the same time as Base Rent is payable under this Lease, and shall pay all other Tenant's Taxes before delinquency (and, at Landlord's request, shall furnish Landlord satisfactory evidence thereof). If Landlord pays Tenant's Taxes or any portion thereof, Tenant shall reimburse Landlord upon demand for the amount of such payment, together with interest at the Interest Rate from the date of Landlord's payment to the date of Tenant's reimbursement.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

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

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.