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Facility Rent means the scheduled payments of Rent, as defined in the Lease, and all other applicable costs for the maintenance or operation of the Facility and other payments required of Owner under the Lease.
Rent = (Usable sq ft x usable sq ft rate each month) + (Common area x the rates per month for this type of area). Suppose the usable area stands at 100 sq ft with a common area of 50 sq ft. If the rent is Rs 150 per sq ft for the usable area and Rs 50 per sq ft for the common area every month.
This sector includes a variety of facility types such as hotels, restaurants, office buildings, schools, hospitals, laboratories, and government and military institutions.
How to write an effective rent reminder text Keep it short and sweet. Your tenants are busy people, so make sure your message is clear and concise. Use friendly language. ... Be clear about the due date. ... Include a payment link. ... Offer a discount for early payment. ... Thank your tenants for their business.
Rent expense is the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space. Rent expense is a type of fixed operating cost or an absorption cost for a business, as opposed to a variable expense.