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additional rent

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additional rent

Amounts due under a lease in addition to the originally agreed upon base rent. Leases usually characterize all sums due to a landlord,including late fees,collection costs,and property damage, as additional rent.This gives the landlord some legal advantages as far as declaring a default,obtaining an eviction,and collecting sums due.Examples could include the tenant's share of property maintenance and insurance expenses and a retail tenant's obligation to pay a percentage of gross income in addition to base rent.
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You own the house outright with no interest on the outstanding amount and no additional rent to pay.
Haslam eases credit crunch by Daily Post (Liverpool, England)
The shop owners will not have to pay any additional rents until the new permanent Naif Souk is ready to open by the end of the year.
New Souk now open for business by 7 Days (Dubai, United Arab Emirates)
The shop owners need not pay any additional rents until the new Naif Souq is ready by the end of the year," said Al Fuqaei.
Temporary Naif souq will house all shops from gutted market by Gulf News (United Arab Emirates)
 
 
 
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