Additional Rent Payment Sample Clauses
The Additional Rent Payment clause requires the tenant to pay amounts beyond the base rent, typically covering costs such as property taxes, insurance, maintenance fees, or utilities associated with the leased premises. These payments are usually calculated based on the tenant’s proportionate share of the building or as specified in the lease, and may be billed monthly, quarterly, or as expenses arise. This clause ensures that the landlord is reimbursed for operating expenses related to the property, thereby allocating ongoing property costs fairly between landlord and tenant.
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Additional Rent Payment. Additional Rent may be paid directly to the person to whom it is owed, with notice to the City or, if applicable, to the City at the place provided for in Section 23.13 hereof in lawful money of the United States of America by good check or, at the City’s request, by wire transfer. A ▇▇▇▇ for Additional Rent payable to the City sent by first class mail to the address to which Notices are to be given under this Ground Lease shall be deemed a proper demand for the payment of the amounts set forth therein.
Additional Rent Payment. In consideration of the landlord’s concession of lower monthly rent for the first six (6) months of the Lease, on or prior to the expiration of the initial Lease Term (the “Initial Lease Term Expiration Date”), Tenant shall pay to Landlord, as Additional Rent, the sum of One Hundred and Fifty Thousand Dollars ($150,000) (the “Additional Rent Payment”). in accordance with the terms and conditions of this Section 5.2.
Additional Rent Payment. All sums of money due Landlord hereunder not specifically characterized as rent shall nevertheless constitute additional rent, and if a time for payment is not expressly stated herein, such sums shall be payable on the date on which the next installment of Base Monthly Rent is payable, All payments due from Tenant to Landlord shall be paid to Landlord without deduction, offset or counterclaim.