Define: Advance Rent

How is Advance Rent defined in a legal contract?

• Advance Rent means funds that are paid to the landlord and are meant to be applied in the future, but not in the current billing cycle.
  Seen in 32 SEC filings.
• Advance Rent means any pre-paid rent that is more than thirty days in advance as calculated from the specified date.
  Seen in 26 SEC filings.
• Advance Rent means the predetermined sum that represents payment for the final period of a lease or any subsequent renewal. The tenant agrees to pay the monthly rent, in advance, along with any applicable taxes.
  Seen in 13 SEC filings.
• Advance Rent means rent that is paid before the commencement of lease in relation to the relevant equipment. This rent is categorized as Advance Rent under the main contractual agreement and the relevant schedule.
  Seen in 4 SEC filings.
• Advance Rent means a specified amount that is given to the lessor upon signing the lease as advance rent. This amount is recognized and held by the lessor as a Security Deposit until it is applied to the first minimum monthly rent due under this lease.
  Seen in 4 SEC filings.
• Advance Rent means the contracted meaning given to it at Clause 2.1.3(ii).
  Seen in 3 SEC filings.
• Advance Rent means the contracted meaning assigned to it in Section 5(g) of the lease agreement.
  Seen in 3 SEC filings.

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 advance rent’ yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Advance Rent means the predefined sum, paid to the lessor ahead of time, to be applied to future rent periods.

Relevant Contract Types

• Commercial Lease Agreements
• Residential Lease Agreements
• Sublease Agreements
• Rent-to-own Agreements

Relevant Circumstances

• Prepayment of rent to secure tenancy.
• Alignment of payment schedules with funding or salary payment periods.
• Management of rent commitments during extended leaves or absences.

Relevant Sectors

• Real Estate
• Property Management
• Commercial Property
• Residential Property

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Genie Definition 2

• Advance Rent means the agreed monetary sum, given to the lessor on signing the lease and intended as a security deposit for the lease.

Relevant Contract Types

• Office Lease Agreements
• Commercial Lease Agreements
• Retail Lease Agreements
• Residential Lease Agreements

Relevant Circumstances

• Security measures for new rentals or leases.
• Agreements where damages are expected.
• Leases with stricter contractual conditions or penalties.

Relevant Sectors

• Real Estate
• Property Management
• Retail
• Commercial Property

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