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 ($3.7-$1.1=$2.6mil X 1%=$26,000).
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 EUR3.7m and an additional rent of EUR0.5m per year during the remaining nine years of the lease, according to Kesko.
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.
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.
* Choice in enhanced telecommunications services and providers at little or no additional rent;
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.
Of those interviewed, 52 percent responded that they would pay additional rent to have their preferred intelligent building features added to their buildings, with 63 percent willing to pay up to $1 per additional foot.
Percentage of sales clauses in leases as additional rent also play an important role, especially in restaurant transactions.
Often, these present contested issues: the tenant may, for instance, be correct that the landlord made a mistake in calculating some additional rent charge.

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