A charge for the use of a piece of equipment from its in-service date, or delivery date, until the date on which the base term of the lease commences. The daily interim rent charge is typically equal to the daily equivalent of the base term commencement date for a lease agreement having multiple deliveries of equipment.
The daily rent charged for an asset from its installation and acceptance by the lessee to the first day of the full billing period.
Interim rent is a one-time daily rental charge for a period of time between the day the equipment is delivered/accepted and the first invoice date. It is a partial payment for using the equipment during a partial month, and will be billed to the lessee on the first invoice.
The prorated daily rental accruing from the date of delivery, acceptance, and/or funding, until a later starting date of the basic term of a lease. Often occurs in leases where new equipment is acquired over a range of time prior to the commencement of the basic term, or where new equipment can be periodically (e.g., quarterly) added to the lease, and where the equipment is placed in service before the commencement of the new period.
The equipment rental due for periods between the date of payment for the equipment and the start date of the lease.
A landlord may apply to the court to fix an interim rent when he has given notice of termination of a tenancy or where the tenant has served notice of a request for a new tenancy on the landlord.
A charge for the use of a piece of equipment from its in-service or delivery date, up to the date when the lease actually starts.
The prorated Rental that accrues from the equipment acceptance date to the base term commencement.
Rent paid for an interim period of time. Many leases begin at the start of a period such as the first of the month. If leased property is received and a certificate of acceptance is signed prior to that date, often there is an interim period between the acceptance and the start of the first lease rental. This period of time is called the interim term during which the interim rent is paid. The interim rent is generally calculated as a percent of the standard monthly rent prorated over the number of days in the month the lessee has use of the leased property.
