excess rent

excess rent

A contract rent that is in excess of current market rents. In a bankruptcy proceeding,a bankrupt tenant may renegotiate a lease in order to remove the excess rent.

References in periodicals archive ?
LFL] Excess Rent Attributed to the Above-Market Ground Rent
LF-L] Yield for the Excess Rent of the Ground Lease
Cardiff and the Vale of Glamorgan have been the biggest losers since 1999 because they have to hand money back to the Treasury that they make in excess rent.
The top-slice is that part of the rent structure where excess rent over market rent is at its maximum.
Excluding relocation costs and excess rent expense associated with the move into the new warehouse, earnings for the third quarter were $1,473,000, or $0.
Depending on the extent and duration of the excess rent and the current market conditions, collection of the entire amount by the property owner could be at risk.
Hence, whereas part or all of excess rent, when capitalized, may be the measure of business enterprise value, it is the appraiser's responsibility to show the asset-source of the excess rent, to select income-conversion rates appropriate for the various risks of each asset group, and to summarize their reasoning behind the written appraisal report both when testifying and to the readers.
The possible sources of excess rent were reviewed and it was viewed as realty-related income, not an intangible business component.
As the earlier definition suggests, overage rent may be market rent, excess rent or something in between.
The state wants Country Club Manor in compliance with HUD rules, refunds given to tenants who have paid excess rents and a new manager to interact with residents.
The judge said the excess rents should not be ignored, as Levy did, but instead valued to account for the purchaser's risk that they may not continue past the lease term.
Thirdly, the borrower was allowed to use the excess rents generated from the project during the bankruptcy for purposes other than as security for the lender's loan.