Seen in 1 SEC filing## How is Pad Rent defined in a legal contract?
- Pad Rent means all types of rents, moneys payable as damages, payments made in place of rent, revenues, deposits (including security and utility deposits), accounts, cash, and any other form of compensation received by the owner of the pad or its agents or employees from a resident that can be associated with a pad accordance with a [lease]. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of pad rent' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Pad Rent means all compensation, including deposits and damages, a resident provides to the pad owner per a lease.
Relevant Contract Type
Relevant Circumstances
- Leasing a residential property (house, apartment, etc.)
- Commercial spaces where 'pad spaces' are rented out for temporary uses such as stall or booth setups
- Long-term rental or leasing situations where 'pads' or spaces within a larger property are rented out individually
Relevant Sectors
- Real Estate
- Retail (for commercial situations)
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Pad Rent means all compensation, including deposits and damages, a resident provides to the pad owner per a lease.
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