Sentence examples for The initial rent from inspiring English sources
The initial rent was $309 a month.
The initial rent was $1.8 million per year.
The initial rent is $65 a square foot a year, well below the hundreds of dollars a square foot commanded in prime retail locations in Manhattan.
The council will cover the initial rent shortfall.
The system applies regardless of the level of the initial rent.
Under the law, the landlord can show rents for comparable apartments to justify the establishment of the initial rent under stabilization laws.
The initial rents, however, are set at market rates.
Mr. Davis said the regulated rent levels would be based on the initial rents.
In almost every case, you will also need fast access to a sizable chunk of money, often three to four times the monthly rent, to cover the security deposit, initial rent payments and the broker's fee, if any.
Under that formula, the legal rent is the lowest of the following amounts: (1) the lowest rent for a comparable stabilized apartment in the building; (2) the tenant's initial rent minus a vacancy increase, or (3) the previous tenant's rent.
The company's initial rent will be $1.38 million a year, with annual adjustments based on the Consumer Price Index, but it can offset a total of $44.1 million in rent by making improvements to the Terminal Island site at Berth 240 in its first 20 years of tenancy.
