For example, a five-year, calendar-year lease providing for rent
of $100,000 per calendar year and total rent of $500,000 contains a qualifying rent allocation.
67 pursuant to the guaranty, for rent
owed by Bentley for the remainder of the lease term.
He was paid a limited amount for each day it was available for rent
and a larger amount for each day it was rented to third parties.
Meanwhile, households in the lowest income groups pay more than 60 percent of their income for rent
, largely because they don't get the good rent control deals.
Similarly, if a lessor credits rent paid toward its assumed obligation to make leasehold improvements, the improvements will be considered a substitute for rent
These buyout formulas, similar to Rent Guidelines Board Orders for rent
increases, produce more reasonable buyout levels, and as a consequence, developers have started to rely on this code section in order to vacate their buildings and when performing their due diligence for new acquisitions.