Define: Rental Income
Rental Income means total amounts due, determined, and received from property and asset leases, including all other associated charges
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Rental Income means total amounts due, determined, and received from property and asset leases, including all other associated charges.
Relevant Circumstances
- When a landlord's revenue from a property is being calculated for valuation or financing
- If service charges and recoverable expenses must be separated from rent
- Where covenants in a loan agreement depend on rental income figures