Sentences with phrase «rent under a lease»

The landlord sues for unpaid rent under a lease.

The key issue was when 490 was required to start paying rent under the lease.

The purchase price represents a 6.8 % capitalization rate on cash rent under a lease between the University of Kentucky and Ventas.

Not exact matches

Omega works to obtain contractual rent escalations under long - term leases, along with fixed - rate mortgage loans.

Ask any long term tenant under rent control whether they wished they bought the day they first signed the lease and they'd emphatically say yes.

Potential Rental Income — Potential Rental Income, or just PRI, is the sum of all rents under the terms of each lease, assuming the property is 100 % occupied.

Our founders, William and Joan Clark, started with a simple idea — to use the rent collected from commercial properties held under long - term leases to support monthly dividends to shareholders.

Under pressure from political leaders and tenant activists, the Rent Guidelines Board had voted two years in a row to freeze rents on one - year leases, and to permit increases of just 2 percent on two - year leases.

«We can renovate the BRC to the state's satisfaction for less money than we're paying in rent under a triple - net lease at Lucas Avenue,» Ronk said.

«COR is simply enforcing the terms of its commercial lease, under which FSMC took occupancy of a newly completed building and has admittedly failed to pay any rent for over two years,» said COR spokeswoman Maggie McKeon Truax.

... Although June 15, 2015 is the day that several laws creating our rent stabilization system are set to expire, your legal obligations under existing leases and under the passage of the new rent stabilization program will not expire on that day; and any attempt to circumvent those responsibilities will face the full brunt of the law and all legal consequences.»

A proposal from NYC Mayor Bill de Blasio would let anyone living in a loft — even if their name isn't on the lease — apply for protections under the loft law, which lets residents make their apartments legal, have them brought up to code, and get rent stabilized leases.

Under state and city rent regulations, tenants can continue renewing the lease in their rent - stabilized apartments for as long as they use it as a primary residence, and landlords can increase rent only by an annual percentage set by a city board.

The Rent Guidelines Board decides each year how much landlords can raise rents under one - and two - year leases for 1 million apartments.

I loved it there but upon receiving my new lease a few months ago, I learned my new monthly rent was going to be just under $ 3700.

Under the Copyright Act, the first sale doctrine allows the owner of a particular copy of a work to sell, lease or rent that copy to anyone they want at any price they choose.

Filed under Cash Flow Investing, Due Diligence, Landlording, Real Estate Investing, Rental Property, leasing investement properties, owning rental property, renting property.

Many of its properties are rented under triple - net leases, while Ventas operates others itself.

Under the National Credit Act, the rental provider must provide the total amount payable as rent in the consumer lease agreement.

With nearly 250 commercial tenants generating annual revenue in excess of $ 1 billion, Realty Income Corp has cultivated the resources necessary to maintain the ideals of the company's founders — «to use the rent collected from commercial properties held under long - term leases to support monthly dividends to shareholders.»

Here's the detail on what has happened: * VaxGen failed to pay 1/1/09 rent within the 5 - day period required under the terms of the lease (sec 26A2) * Lessor officially terminated the lease in writing on 1/23/09

Upon such termination, the lessor may recover from the lessee: (1) The worth at the time of award of the unpaid rent which had been earned at the time of termination; (2) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the lessee proves could have been reasonably avoided; (3) Subject to subdivision (c), the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the lessee proves could be reasonably avoided; and (4) Any other amount necessary to compensate the lessor for all the detriment proximately caused by the lessee's failure to perform his obligations under the lease or which in the ordinary course of things would be likely to result therefrom.

The payments you make under a consumer lease might seem small compared to the cost of buying the item, but when you add up the total cost of renting, it is much cheaper to buy it instead.

The Rental Operations includes collection of rent from their customers under operating leases, including reimbursements for the vast majority of its operating costs.

SOAP treats payments made under its operating leases as rent expense for the facilities, including its head office.

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In 1998, Cooper Union negotiated a rather clever 99 - year lease for the land, under which it had a lot of leeway to raise rents substantially after 2018.

Resident's failure to timely vacate upon any such termination shall be a default under the lease and monthly rent shall be calculated at the full Lease amount in assessing any damages or costs.

Anyone proposing to become a tenant under a new lease should therefore be willing to challenge an RPI - linked ground rent clause.

Conveyancers acting in the purchase subject to a mortgage loan are also required to consider whether the ground rent payable now and the lease provisions for its future increase are compliant with Part 1 and the specific lender's requirements under Part 2 of the UK Finance Lenders» Handbook.

You have the right to correct any breach against the landlord, including back rent, repairs, or to fulfill any remaining obligations under the lease.

This led to the practice of commercial leases referring to other monies due to be paid by the tenant under a lease (e.g. service charge, interest, and insurance contributions) as a «rent».

Prior to 6 April, landlords were able to levy distress in respect of any sum due under a lease which was «reserved» as rent.

When a Tenant has failed to act in accordance with a responsibility under the lease or a term of the lease (e.g. rent payment not made, failed to obtain permission prior to making alterations, etc.), the Landlord can use this legal form sometimes referred to a «Notice to Quit» or «Eviction Notice» to provide written notice.

The trial judge in determining the rent on a new business tenancy claim in Trans - World Investments Ltd v Dadarwella [2007] EWCA Civ 480, [2007], All ER (D) 355 (May) left out of account the rent under the old lease and the rent of a comparable adjoining property, contrary to the landlord's invitation that he should have regard to them.

Some of these flats were rented from the council under secure tenancies: others were owned under long leases having been acquired by tenants exercising their right to buy.

Secondly, the rent will then come in at the level agreed under the existing lease, and not at the much lower rate that might have to be agreed on an entirely new letting.

At the March 2012 quarter day GSGL was due to pay approximately # 10m in rent under the various leases.

In this instance Sunberry's interests did not outweigh the interests of the other creditors in ensuring that Newco's occupation continued: while Newco continued in occupation, the rent under Innovate's lease was being paid and the administrator could continue to recover book debts on behalf of Innovate's other creditors.

He has experience dealing with Disputes relating to written & unwritten leases & licences, Contentious & non-contentious tenancy renewals under the Landlord and Tenant Act 1954, Dilapidation disputes, Serving break notices, Commercial & residential service charge disputes, Possession claims, Residential tenancies, Forfeiture & s. 146 notices of the Law of Property Act 1925, and Recovering rent arrears.

Put in another tenant and, in relation to the unexpired residue, claim damages for any difference between the contractual rent under the first lease and rent collected from tenant put in and also claim contractual rent under the first lease during any void?

LTT is not chargeable on the rent payable under a lease that is assigned unless the assigned lease benefited from a specified relief on grant.

We can not begin to understand why renting the property as short term lets through Airbnb would constitute use «for trade business» any more so than collecting rent from longer term tenants under an AST lease.

[3] The plaintiff issued the statement of claim on July 15, 2009, seeking damages against Dynasty and Williams for rent payable under the lease and damages arising from the removal of chattels, assets and inventory from the leased premises.

We are experienced in advising on all elements of dispute, including rent arrears, rights arising under the lease and clarification of responsibilities and obligations.

The lawful rent for the first rental period for a new tenant under a new tenancy agreement is the rent first agreed upon when signing a lease agreement between the landlord and tenant.

The statement of claim is filed over 4 years after the last payment of rent, over 4 years after the tenant vacated the premises, and over 3 1/2 years after the landlord served its written notice of default under the lease.

He has worked on a variety of high profile assignments, including cases involving surveyors as «owners» under environmental protection notices, sale by council at less than full value, assured tenancies and rent increases, lease extension: signature by attorney; and right of first refusal — definition of building.