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Passing Rent - The rent that is payable at any particular time, allowing for lease incentives. This phrase is often used for Contracted Rent. Occupancy Percentage - Percentage of the total area of all properties and units currently let to tenants. Over Rented - When the Contracted Rent is higher than the ERV.
A rental amount paid due to sales of the tenant. For example: A lease for a service station may contain a provision for a certain addition to the rent for every gallon of gasoline over a certain amount sold each month.
Rent Increases: Rent control is banned in Wisconsin (WI Stat. § 66.1015). Late Fees: There are no statutory limits on late fees in Wisconsin. Grace Period: There is no mandatory grace period in Wisconsin.
An overriding lease is one of the reversion expectant on the tenancy in respect of which the payment was made, containing similar covenants and granted for a term equal to the remainder of the term of that tenancy, plus three days (except in certain limited circumstances).
Overriding Lease means those leases granted by the relevant freeholder or long leaseholder member of the Borrower Group to each of (i) Propco 6 in respect of 93 Properties located in England and Wales and nine Properties located in Scotland, representing respectively, 32.6 per cent. and 4.0 per cent.
Removal from premises The landlord may not confiscate your personal belongings, turn off your utilities, lock you out of your apartment, or use force to remove you. If the small claims court judge rules in the landlord's favor, the judge may issue a court order requiring you to leave the property.
(a) If a tenant under a lease for more than one year fails to pay rent when due, or commits waste, or breaches any other covenant or condition of the tenant's lease, the tenancy is terminated if the landlord gives the tenant notice requiring the tenant to pay the rent, repair the waste, or otherwise comply with the ...
An ?override? (also sometimes called an overwrite) is a commission paid on the sales someone else makes.