minimum rent


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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.
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References in periodicals archive ?
The minimum rent for the property is 80.000 HUF / month + VAT
The minimum rent for such bus has been fixed at Tk 10 and maximum Tk 30.
There are no long-term leases for the food vendors, no personal guarantees and no minimum rent, Greene said.
The minimum rent for the more casual dresses is Rs650 while the rental fee for bridal dresses ranges from Rs40,000 to Rs45,000.
This also disables the existence of a fair taxation framework." He added, "Efforts to stop this sort of evasion include a new legislation, as well as dictating a minimum rent value in Muscat, and there are a number of challenges, which include implementing a unified postal address system, which would aid in lowering evasion by updating databases." He also said that current procedures, such as current databases, are insufficient.
Revenue derived from Sears as of September 30, equates to 0.8% of total annualized minimum rent for the total portfolio and the company has allocated approximately $300M-$350M of capital necessary to retrofit the aforementioned 28 spaces over a three to five year period.
SHOPPING CENTERS OPEN SHOPPING CENTERS 302 AVERAGE GROSS LEASABLE SQUARE FEET 90,126 GLA MINIMUM RENT $15.59 AAO MINIMUM RENT $12.46 MANAGEMENT FEE (GLA) $.54 TOTAL GLA ANNUAL INCOME $13.59 TOTAL AAO ANNUAL INCOME $16.01 MANAGEMENT FEE (AAO) $.63 TOTAL GLA OPERATING EXPENSES $4.27 TOTAL AAO OPERATING EXPENSES $4.94 OCCUPANCY 94% Median per square foot: GLA = gross leasable area AAO = average actual occupancy INCOME AND EXPENSE BASED ON SIZE OF CENTER Median per square feet--average actual occupancy Total Annual Income Total Expenses 20,000-49,999 SF $19.44 $5.77 50,000-99,999 SF $15.29 $4.79 100,000-199,999 SF $12.93 $3.21 200.000+ SF $12.89 $2.93 Note: Table made from bar graph.
However, low coverage is partly mitigated by variability of rents as 33% of operating lease expenses are linked to sales, while another 12% is determined by the higher of minimum rent or percentage of sales.
Owner of hotel properties Pandox AB (STO:PNDXB) announced on Wednesday the signing of two 20-year revenue-based lease agreements with guaranteed minimum rent for Hotel BLOOM!
Minimum rent : Dh35,000 Maximum rent : Dh55,000 How much rents have fallen in one year : -9 per cent
The Smiths have also rented out land for roads and space for six turbines which are part of the West Durham Wind Farm; receiving a minimum rent payment and a generation income for both.
Conventional franchisees share to McDonald's revenue by the payment of rent and royalties based upon a percent of sale, with specified minimum rent payments, along with initial fees paid upon the opening of a fresh restaurant or grant of a fresh franchise.

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