headline rent
The rent that would be payable after any rent-free period, concessionary rent period or other inducement has expired.
For example, if a landlord wants to achieve a headline rent of £100,000 per year for a five year lease, but the market rent for the property is £80,000 per year, the landlord may agree to a rent-free period of one year, followed by four years at the headline rent of £100,000. Over the five year term of the lease, the tenant pays £400,000, which is equivalent to £80,000 per year, but the landlord can quote a headline rent of £100,000 per year. A rent review clause that then disregarded the one year rent-free period would be onerous for the tenant, as the tenant would be assumed to have paid the headline rent of £100,000 per year, for each year of the review period.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • rent free period — A period at the beginning of a tenancy during which no rent is payable by the tenant. It is given: • As an inducement to the tenant to enter into the lease which does not affect the headline rent; or • Recognition of the fact that until the… …   Law dictionary

  • Castle Vale — Coordinates: 52°31′16″N 1°47′05″W / 52.521085°N 1.784715°W / 52.521085; 1.784715 …   Wikipedia

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

  • The Sun — Infobox Newspaper name = The Sun caption = The Sun in January 2005, featuring Prince Harry in nazi costume. type = Daily newspaper available Monday to Saturday except Christmas Day. format = Tabloid foundation = 1964 owners = News International… …   Wikipedia

  • Media and Publishing — ▪ 2007 Introduction The Frankfurt Book Fair enjoyed a record number of exhibitors, and the distribution of free newspapers surged. TV broadcasters experimented with ways of engaging their audience via the Internet; mobile TV grew; magazine… …   Universalium

  • Charles Manson — The Manson Family redirects here. For the 2003 film, see The Manson Family (film). Charles Milles Manson …   Wikipedia

  • Ann Winterton — Infobox MP honorific prefix = name = Ann Winterton honorific suffix = MP caption = Ann Winterton (right) in 1990. office = predecessor = successor = term start = term end = constituency MP2 = Congleton parliament2 = majority2 = 8,246 (17.7%)… …   Wikipedia

  • Loco Boy Makes Good — Infobox Film name = Loco Boy Makes Good caption = director = Jules White writer = Felix Adler| Clyde Bruckman starring = Moe Howard Larry Fine Curly Howard Vernon Dent John Tyrrell Dorothy Appleby Symona Boniface Bud Jamison Eddie Laughton Heinie …   Wikipedia

  • Chicago Annenberg Challenge — The Chicago Annenberg Challenge (CAC) was a Chicago public school reform project from 1995 to 2001 that worked with half of Chicago s public schools and was funded by a $49.2 million, 2 to 1 matching challenge grant over five years from the… …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”