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 ?
Roach, MAI, SRA, AI-GRS, is the winner of the 2016 Swango Award for his article, "Is Excess Rent Intangible?
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.
Selected findings were as follows: (1) leavers with tenant-based assistance were somewhat more likely to have the most positive employment-related outcomes; (2) regardless of housing assistance status, most of those who left welfare in the third quarter of 1998 did not return to welfare during the follow-up year; and (3) in postexit interviews, assisted leavers were more likely than unassisted leavers to be living in poverty and report experiences of food insecurity and hunger, whereas unassisted leavers were more likely to indicate housing hardships such as excess rent burden and unmet medical needs.
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.
Roach, MAI, SRA, AI-GRS, for his excellent article, "Is Excess Rent Intangible?
Hence, the present value of excess rent is intangible.
Excess rent is a term commonly understood by real estate appraisers to refer to contract rent that exceeds market rent at the date of an appraisal.
LFL] Excess Rent Attributed to the Above-Market Ground Rent
The top-slice is that part of the rent structure where excess rent over market rent is at its maximum.
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.