Define: Annual Value

How is Annual Value defined in a legal contract?

• Annual Value means the expected yearly rent for a plot of land if the tenant agrees to pay normal tenant rates and taxes, along with costs of necessary repairs and other expenses needed to keep the land rentable. Seen in 23 SEC filings
• Annual Value means the amount of rent a property could fetch annually, assuming the tenant agrees to pay for license duties, and the landlord agrees to pay for rates, fees, and necessary repair, insurance, and other expenses required to keep the property rentable. If the actual received rent is greater than the expected rent, the actual rent may be considered the annual value. Seen in 6 SEC filings
• Annual Value means the estimated gross annual rent that a holding might draw if the landlord pays for repair, insurance, maintenance, and public rates and taxes. Seen in 4 SEC filings
• Annual Value means the sum which is the annual rent a tenant might reasonably be expected to pay for a house, building, land, or tenement if the tenant agrees to pay all public rates and taxes and the landlord agrees to bear the cost of insurance, repairs, maintenance, and upkeep needed to keep the property in a rentable condition. Seen in 3 SEC filings

Please note, additional definitions were found but they have been omitted due to specified requirements such as exclusion of specific location or organizational information.

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 annual value' 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

Annual Value means the rent a [property or land] would earn in a year, assuming tenant pays all usual costs, keeping the [property or land] rentable.

Relevant Contract Types

• Lease Agreement
• Rental Agreement
• Tenancy Agreement
• Landlord and Tenant Agreement
• Licence Agreement

Relevant Circumstances

• When renting out commercial property
• When leasing residential property
• In legal disputes involving rental properties

Relevant Sectors

• Real Estate
• Legal Services
• Property Management

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Genie Definition 2

Annual Value means the rent [property or land] should earn annually if [tenant] handles usual costs and [landlord] covers repairs, insurance, and maintenance.

Relevant Contract Types

• Property lease Agreement
• Rent to Own Agreement
• Property Management Agreement

Relevant Circumstances

• When establishing rental contracts or leasing arrangements
• When creating rent-to-own contracts
• In negotiations between landlords and potential tenants

Relevant Sectors

• Residential Real Estate
• Commercial Property
• Property Rentals

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