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Contract rent Definition | Law Insider Define Contract rent. means rental paid to the landlord for the right to occupy a homestead, in- cluding the right to use the personal property located therein. “Contract rent” does not include rental paid for the right to occupy a homestead that is exempt from taxation, unless payments in lieu of taxes of 10 percent or more of the rental exclusive of fuel and utilities are made on behalf of the homestead. “Contract rent” does not include advanced rental payments for another period and rental deposits, whether or not expressly set out in the rental agreement, or payments made to a nonprofit home for the elderly described in ORS 307.375. If a landlord and tenant have not dealt with each other at arm’s length, and the Department of Revenue is satisfied that the contract rent charged was excessive, it may adjust the contract rent to a reasonable amount for purposes of ORS 310.630 to 310.706. <dfn>Contract rent</dfn> <!-- -->means rental <a href=""/clause/paid"" rel="“noopener noreferrer”" target=""_blank"">paid</a> to <a href=""/clause/the-landlord"" rel="“noopener noreferrer”" target=""_blank"">the landlord</a> for the <a href=""/clause/right-to-occupy"" rel="“noopener noreferrer”" target=""_blank"">right to occupy</a> a <a href=""/clause/homestead"" rel="“noopener noreferrer”" target=""_blank"">homestead</a>, in- cluding the <a href=""/clause/right-to-use"" rel="“noopener noreferrer”" target=""_blank"">right to use</a> <a href=""/clause/the-personal-property"" rel="“noopener noreferrer”" target=""_blank"">the personal property</a> <a href=""/dictionary/located"" rel="“noopener noreferrer”" target=""_blank"">located</a> therein. “Contract rent” does not <a href=""/clause/include"" rel="“noopener noreferrer”" target=""_blank"">include</a> rental paid for the right to occupy a homestead that is <a href=""/dictionary/exempt-from-taxation"" rel="“noopener noreferrer”" target=""_blank"">exempt from taxation</a>, unless <a href=""/clause/payments-in-lieu-of-taxes"" rel="“noopener noreferrer”" target=""_blank"">payments in lieu of taxes</a> of 10 <a href=""/dictionary/percent"" rel="“noopener noreferrer”" target=""_blank"">percent</a> or more of the rental <a href=""/clause/exclusive"" rel="“noopener noreferrer”" target=""_blank"">exclusive</a> of <a href=""/clause/fuel-and-utilities"" rel="“noopener noreferrer”" target=""_blank"">fuel and utilities</a> are made <a href=""/clause/on-behalf-of"" rel="“noopener noreferrer”" target=""_blank"">on behalf of</a> the homestead. “Contract rent” does not include <a href=""/clause/advanced"" rel="“noopener noreferrer”" target=""_blank"">advanced</a> rental <a href=""/clause/payments-for"" rel="“noopener noreferrer”" target=""_blank"">payments for</a> another <a href=""/clause/period"" rel="“noopener noreferrer”" target=""_blank"">period</a> and <a href=""/clause/rental-deposits"" rel="“noopener noreferrer”" target=""_blank"">rental deposits</a>, whether or not expressly <a href=""/dictionary/set-out"" rel="“noopener noreferrer”" target=""_blank"">set out</a> in <a href=""/clause/the-rental-agreement"" rel="“noopener noreferrer”" target=""_blank"">the rental agreement</a>, or <a href=""/clause/payments-made-to"" rel="“noopener noreferrer”" target=""_blank"">payments made to</a> a <a href=""/clause/nonprofit"" rel="“noopener noreferrer”" target=""_blank"">nonprofit</a> home for the <a href=""/clause/elderly"" rel="“noopener noreferrer”" target=""_blank"">elderly</a> described in <a href=""/dictionary/ors"" rel="“noopener noreferrer”" target=""_blank"">ORS</a> 307.375. If a <a href=""/clause/landlord-and-tenant"" rel="“noopener noreferrer”" target=""_blank"">landlord and tenant</a> have not dealt with each other at <a href=""/clause/arm"" rel="“noopener noreferrer”" target=""_blank"">arm</a>'s <a href=""/clause/length"" rel="“noopener noreferrer”" target=""_blank"">length</a>, and the <a href=""/clause/department-of-revenue"" rel="“noopener noreferrer”" target=""_blank"">Department of Revenue</a> is <a href=""/clause/satisfied"" rel="“noopener noreferrer”" target=""_blank"">satisfied</a> that <a href=""/clause/the-contract"" rel="“noopener noreferrer”" target=""_blank"">the contract</a> rent <a href=""/clause/charged"" rel="“noopener noreferrer”" target=""_blank"">charged</a> was <a href=""/clause/excessive"" rel="“noopener noreferrer”" target=""_blank"">excessive</a>, it may <a href=""/clause/adjust"" rel="“noopener noreferrer”" target=""_blank"">adjust</a> the contract rent to a <a href=""/dictionary/reasonable-amount"" rel="“noopener noreferrer”" target=""_blank"">reasonable amount</a> <a href=""/clause/for-purposes-of"" rel="“noopener noreferrer”" target=""_blank"">for purposes of</a> ORS 310.630 to 310.706. Based on 16 documents <dfn>Contract rent</dfn> <!-- -->means <a href=""/clause/rental"" rel="“noopener noreferrer”" target=""_blank"">rental</a> <a href=""/clause/paid"" rel="“noopener noreferrer”" target=""_blank"">paid</a> to <a href=""/clause/the-landlord"" rel="“noopener noreferrer”" target=""_blank"">the landlord</a> for the <a href=""/clause/right-to-occupy"" rel="“noopener noreferrer”" target=""_blank"">right to occupy</a> a <a href=""/clause/homestead"" rel="“noopener noreferrer”" target=""_blank"">homestead</a>, in- Based on 15 documents <dfn>Contract rent</dfn> <!-- -->means that <a href=""/clause/portion"" rel="“noopener noreferrer”" target=""_blank"">portion</a> of <a href=""/clause/the-payment"" rel="“noopener noreferrer”" target=""_blank"">the payment</a> made by a lessee (<a href=""/clause/including"" rel="“noopener noreferrer”" target=""_blank"">including</a> a <a href=""/clause/sublessee"" rel="“noopener noreferrer”" target=""_blank"">sublessee</a>) to a <a href=""/clause/lessor"" rel="“noopener noreferrer”" target=""_blank"">lessor</a> (or to <a href=""/clause/a-third-party"" rel="“noopener noreferrer”" target=""_blank"">a third party</a> <a href=""/dictionary/for-the-benefit-of"" rel="“noopener noreferrer”" target=""_blank"">for the benefit of</a> that lessor) for a <a href=""/clause/leasehold"" rel="“noopener noreferrer”" target=""_blank"">leasehold</a> inter- <a href=""/clause/est"" rel="“noopener noreferrer”" target=""_blank"">est</a> in <a href=""/clause/land-and-improvements"" rel="“noopener noreferrer”" target=""_blank"">land and improvements</a> or <a href=""/clause/tangible-personal-property"" rel="“noopener noreferrer”" target=""_blank"">tangible personal property</a>. Based on 12 documents <dfn>Contract rent</dfn> <!-- -->means the total monthly rent <a href=""/clause/payable-to"" rel="“noopener noreferrer”" target=""_blank"">payable to</a> <a href=""/clause/the-owner"" rel="“noopener noreferrer”" target=""_blank"">the owner</a> or <a href=""/clause/landlord"" rel="“noopener noreferrer”" target=""_blank"">landlord</a> <a href=""/clause/under-the-lease"" rel="“noopener noreferrer”" target=""_blank"">under the lease</a> for the <a href=""/clause/dwelling-unit"" rel="“noopener noreferrer”" target=""_blank"">dwelling unit</a>. Based on 11 documents <dfn>Contract rent</dfn> <!-- -->means the <a href=""/clause/amount-of-consideration"" rel="“noopener noreferrer”" target=""_blank"">amount of consideration</a> due as <a href=""/clause/payment-for"" rel="“noopener noreferrer”" target=""_blank"">payment for</a> a leasehold interest, <a href=""/clause/including"" rel="“noopener noreferrer”" target=""_blank"">including</a>: The <a href=""/clause/total-of"" rel="“noopener noreferrer”" target=""_blank"">total of</a> cash payments made <a href=""/clause/to-the-lessor"" rel="“noopener noreferrer”" target=""_blank"">to the lessor</a> or to <a href=""/dictionary/another-party"" rel="“noopener noreferrer”" target=""_blank"">another party</a> <a href=""/dictionary/for-the-benefit-of"" rel="“noopener noreferrer”" target=""_blank"">for the benefit of</a> the lessor according to the <a href=""/clause/requirements-of"" rel="“noopener noreferrer”" target=""_blank"">requirements of</a> the <a href=""/clause/lease-or-agreement"" rel="“noopener noreferrer”" target=""_blank"">lease or agreement</a>, including any <a href=""/clause/rents-paid"" rel="“noopener noreferrer”" target=""_blank"">rents paid</a> by a <a href=""/clause/sublessee"" rel="“noopener noreferrer”" target=""_blank"">sublessee</a>; <a href=""/clause/expenditures"" rel="“noopener noreferrer”" target=""_blank"">expenditures</a> for the <a href=""/clause/protection-of-the"" rel="“noopener noreferrer”" target=""_blank"">protection of the</a> lessor’s interest when <a href=""/dictionary/required-by"" rel="“noopener noreferrer”" target=""_blank"">required by</a> the <a href=""/clause/terms-of-the-lease"" rel="“noopener noreferrer”" target=""_blank"">terms of the lease</a> or agreement; and expenditures for <a href=""/clause/improvements-to-the-property"" rel="“noopener noreferrer”" target=""_blank"">improvements to the property</a> <a href=""/clause/to-the-extent"" rel="“noopener noreferrer”" target=""_blank"">to the extent</a> that such improvements become the <a href=""/clause/property-of-the"" rel="“noopener noreferrer”" target=""_blank"">property of the</a> lessor. Where <a href=""/clause/the-consideration"" rel="“noopener noreferrer”" target=""_blank"">the consideration</a> <a href=""/dictionary/conveyed"" rel="“noopener noreferrer”" target=""_blank"">conveyed</a> for <a href=""/clause/the-leasehold-interest"" rel="“noopener noreferrer”" target=""_blank"">the leasehold interest</a> is made <a href=""/dictionary/in-combination"" rel="“noopener noreferrer”" target=""_blank"">in combination</a> with payment for <a href=""/clause/concession"" rel="“noopener noreferrer”" target=""_blank"">concession</a> or other rights granted <a href=""/clause/by-the-lessor"" rel="“noopener noreferrer”" target=""_blank"">by the lessor</a>, only that <a href=""/clause/portion"" rel="“noopener noreferrer”" target=""_blank"">portion</a> of such payment which <a href=""/clause/represents"" rel="“noopener noreferrer”" target=""_blank"">represents</a> consideration for the leasehold interest is part of contract rent. Based on 8 documents <dfn>Contract rent</dfn> <!-- -->means the total <a href=""/clause/amount-of-rent"" rel="“noopener noreferrer”" target=""_blank"">amount of rent</a> specified in the <a href=""/clause/rental-assistance-contract"" rel="“noopener noreferrer”" target=""_blank"">Rental Assistance Contract</a> (RAC) as <a href=""/clause/payable-to"" rel="“noopener noreferrer”" target=""_blank"">payable to</a> <a href=""/clause/the-owner"" rel="“noopener noreferrer”" target=""_blank"">the Owner</a> for the <a href=""/dictionary/assisted-units"" rel="“noopener noreferrer”" target=""_blank"">Assisted Units</a>. Based on 7 documents <dfn>Contract rent</dfn> <!-- -->means <a href=""/clause/payments-in"" rel="“noopener noreferrer”" target=""_blank"">payments in</a> <a href=""/clause/money"" rel="“noopener noreferrer”" target=""_blank"">money</a> or in <a href=""/clause/kind"" rel="“noopener noreferrer”" target=""_blank"">kind</a> for the <a href=""/clause/right-to-use-real-property"" rel="“noopener noreferrer”" target=""_blank"">right to use real property</a> <a href=""/clause/as-required-by"" rel="“noopener noreferrer”" target=""_blank"">as required by</a> the <a href=""/clause/terms-of-the"" rel="“noopener noreferrer”" target=""_blank"">terms of the</a> possessory <a href=""/clause/interest-agreement"" rel="“noopener noreferrer”" target=""_blank"">interest agreement</a>. It <a href=""/clause/includes"" rel="“noopener noreferrer”" target=""_blank"">includes</a> royalty payments and other rights <a href=""/dictionary/to-share"" rel="“noopener noreferrer”" target=""_blank"">to share</a> in <a href=""/clause/production"" rel="“noopener noreferrer”" target=""_blank"">production</a>, <a href=""/clause/the-value"" rel="“noopener noreferrer”" target=""_blank"">the value</a> that the <a href=""/dictionary/public-owner"" rel="“noopener noreferrer”" target=""_blank"">public owner</a> is <a href=""/clause/expected"" rel="“noopener noreferrer”" target=""_blank"">expected</a> to <a href=""/dictionary/realize"" rel="“noopener noreferrer”" target=""_blank"">realize</a> from <a href=""/clause/improvements"" rel="“noopener noreferrer”" target=""_blank"">improvements</a> <a href=""/dictionary/erected"" rel="“noopener noreferrer”" target=""_blank"">erected</a> at the <a href=""/clause/expense-of"" rel="“noopener noreferrer”" target=""_blank"">expense of</a> the possessor which will <a href=""/dictionary/remain"" rel="“noopener noreferrer”" target=""_blank"">remain</a> when the possessory interest <a href=""/clause/terminates"" rel="“noopener noreferrer”" target=""_blank"">terminates</a>, and any other form of <a href=""/clause/compensation-paid"" rel="“noopener noreferrer”" target=""_blank"">compensation paid</a> or <a href=""/clause/payable"" rel="“noopener noreferrer”" target=""_blank"">payable</a> for the <a href=""/clause/right-to-occupy"" rel="“noopener noreferrer”" target=""_blank"">right to occupy</a> <a href=""/clause/the-property"" rel="“noopener noreferrer”" target=""_blank"">the property</a>. It does not, however, include <a href=""/clause/payments-for-services"" rel="“noopener noreferrer”" target=""_blank"">payments for services</a> such as <a href=""/clause/utilities-and-janitorial"" rel="“noopener noreferrer”" target=""_blank"">utilities and janitorial</a> <a href=""/clause/labor"" rel="“noopener noreferrer”" target=""_blank"">labor</a> or for the <a href=""/clause/use-of-property"" rel="“noopener noreferrer”" target=""_blank"">use of property</a> not <a href=""/clause/subject-to-the"" rel="“noopener noreferrer”" target=""_blank"">subject to the</a> possessory interest. Based on 3 documents <dfn>Contract rent</dfn> <!-- -->means the actual <a href=""/dictionary/cost-per-unit"" rel="“noopener noreferrer”" target=""_blank"">cost per unit</a> to <a href=""/clause/operate-the"" rel="“noopener noreferrer”" target=""_blank"">operate the</a> <a href=""/clause/housing"" rel="“noopener noreferrer”" target=""_blank"">housing</a>, not <a href=""/clause/including"" rel="“noopener noreferrer”" target=""_blank"">including</a> any <a href=""/clause/social-services"" rel="“noopener noreferrer”" target=""_blank"">social services</a> or <a href=""/clause/utilities"" rel="“noopener noreferrer”" target=""_blank"">utilities</a>. This may also be <a href=""/clause/calculated-as"" rel="“noopener noreferrer”" target=""_blank"">calculated as</a> <a href=""/clause/operating"" rel="“noopener noreferrer”" target=""_blank"">operating</a> or <a href=""/clause/rental-subsidy"" rel="“noopener noreferrer”" target=""_blank"">rental subsidy</a> paid to <a href=""/clause/the-project"" rel="“noopener noreferrer”" target=""_blank"">the project</a> per unit <a href=""/clause/plus"" rel="“noopener noreferrer”" target=""_blank"">plus</a> the <a href=""/clause/rent-paid"" rel="“noopener noreferrer”" target=""_blank"">rent paid</a> <a href=""/clause/by-the-tenant"" rel="“noopener noreferrer”" target=""_blank"">by the tenant</a> for that unit. Based on 2 documents

Note: 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.

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

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Which definition should you use?

🤔 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

Contract Rent means the total monetary or in-kind payment due for the right to use real property, as outlined in [lease agreement].

Relevant Contract Types

• Commercial Lease Contracts
• Residential Lease Contracts
• Sublease Agreements
• Parking Space Lease Agreements
• Office Lease Agreements

Relevant Circumstances

• Renting of commercial property to run a business
• Renting of a home for living
• Renting of a parking space for vehicle
• Sublet of a property or space by the original tenant

Relevant Sectors

• Real Estate
• Retail
• Warehousing

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