minimum rent
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minimum rent
The smallest amount of rent due from a tenant with a variable rental rate,such as a rent calculated as a certain percentage of gross sales, with a minimum rent of a certain amount per month.
Also found in: Encyclopedia.
References in periodicals archive
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Subsequent to quarter end, received bankruptcy court approval to acquire three of our A&P leases totaling 184,000 sf with an average in-place minimum rent of $11.
At the same time it raised the minimum annual guarantee and increased the minimum rent.
Later, Begum Syeda Abida Hussain acquire this land from Punjab government against the minimum rent of Rs.
This new deed will be issued in perpetuity for scientific purposes at a minimum rent and replace the existing special lease and its commercial rental rates, allowing AIMS to reinvest savings into additional marine scientific research.
As a result, tenants might be willing to increase their minimum rent payment or agree to a longer lease.
We were expecting a complete construction of this street like other adjacent streets but I guess the whole idea has been dropped to renovate one of the oldest streets of Juffair, where the minimum rent being asked is BD450 for a small apartment.
Although no minimum rent has been set, the trust has said a bid of pounds 0 would be "unfeasible", and hopes to attract bids between pounds 70 and pounds 100 per acre per year in the business plans submitted - in line with the rental values of similar estates in the Gwynedd area.
Is there a minimum rent allowance stipulated for such companies by relevant authorities?
Finance chief Jason Lock said the pre-tax figure was affected by a book charge relating to future minimum rent increases.
Currently, airport officials have set the minimum rent per year for the propeller park area at $15,000 per acre.
The July 2009 rent review will lead to a minimum rent increase of the lower of pounds 870,000 per annum or the open market rent at the time.
The airline said it made the restatement with respect to, firstly, its accounting for rent expense under operating leases for certain airport properties containing provisions with minimum rent escalations; secondly for depreciation expense for leasehold improvements with respect to certain airport locations and other facilities; and thirdly for the inadvertent recognition of passenger revenue related to unpaid ticket reservations.
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