additional rent

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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Monthly rent of $3100 (includes NNN) with an additional rent factor paid to landlord of 1% of sales above $1,100,000 ($3.
As for those paying additional rent, the Government will pay on their behalf the net rent for two months and they are required to pay the additional rent.
Tenants who do not wish to pay the additional rent will have the option of moving to a smaller property, which can be done through a mutual exchange or by applying to the council for a transfer.
The company expects its long-term lease-back agreement at the building will likely be accounted for as an operating lease and will result in additional rent expense in 2011.
Kapiteeli was demanding that Kesko pay for additional costs of the building project with penalty interest and unpaid additional rent to a total amount of EUR3.
Instead of charging interest, the financier either sells the property on at a higher price or sells it for the same price but then charges additional rent on the property for a specified time.
Commissioners said rebidding the contract would put in jeopardy millions of dollars in additional rent to the city, as well as capital improvements for the 2002 season.
In the absence of language to that effect, the tenant will continue to be liable for any rent, additional rent or damages accruing under the lease after the date of assignment.
Janos Dub, 46, pleaded no contest to misdemeanor grand theft, but Los Angeles city prosecutors contend the Oxnard resident overcharged the tenants by $5,918, demanding additional rent money from February 1994 to April 1995.
But Isetan and some retail experts said Barneys - renowned for pricey designer duds from such big names as Armani and Calvin Klein - couldn't sell enough $2,000 suits and $150 ties to pay off the debt and additional rent that it took on during its 17-store expansion.
Such rules and corporate resolutions should clearly state that any penalties or costs incurred due to failure to follow Local Law 38 will be immediately be billed back to their account, and charged as additional rent (maintenance), or as additional common charges.

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