minimum rent


Also found in: Financial.

minimum rent

[′min·ə·məm ′rent]
(mining engineering)
The right to work coal acquired by a mine owner by the payment of an annual rent and a royalty to the landowner (the coal or mineral owner). Also known as fixed rent.
Mentioned in ?
References in periodicals archive ?
The previous average contractual rent was calculated by including both the minimum rent and any percentage rent actually paid during the last year of the lease term for the re-leased space.
With FAS 13 fast approaching, more tenants may also be willing to substitute reasonable adjustments to the minimum rent for a co-tenancy provision.
The minimum rent the airport charges is not affordable to owners of propeller planes, she said.
The minimum rent for the property is pounds 13,500 pa, and the ingoing tenant will also be responsible for the landlord's reasonable legal costs associated with the grant of the lease.
Among these stores, in 1998, the average minimum rent per square foot for existing stores was about 30 percent higher than in 1997 ($5.
Almost 80% of the stores owned by FMI's members are leased and the trade association says the average minimum rent per square foot for existing supermarkets was about 30% higher than in 1997 at $5.
This is because Ron Davies signed a contract which commits the Assembly to a minimum rent period of at least five years.
Overage rent: The percentage rent paid over and above the guaranteed minimum rent or base rent; calculated as a percentage of sales in excess of a specified breakeven sales volume.
The minimum rent and allowance would be totaled, and together with operating costs such as common area utilities, real estate taxes and insurance premiums, would represent the gross rental payment owed by the tenant.
The July 2009 rent review will lead to a minimum rent increase of the lower of pounds 870,000 per annum (NIGEL CONFIRMS THIS IS CORRECT - CH) or the open market rent at the time.
The annual minimum rent will rise from $50,000 to $1.
Lease terms are negotiable and subject to minimum lease to be no less than two years and a minimum rent of pounds 13, 500pa.

Full browser ?