Changes to the rent Sample Clauses
The "Changes to the rent" clause defines the conditions and procedures under which the amount of rent payable under a lease or rental agreement may be adjusted during the term of the contract. Typically, this clause outlines how and when rent increases or decreases can occur, such as through annual reviews, inflation adjustments, or upon mutual agreement between the parties. Its core practical function is to provide a clear and agreed-upon mechanism for modifying rent, thereby preventing disputes and ensuring both parties understand how future rent changes will be handled.
Changes to the rent. We may change your rent at any time – this usually happens in April. We will give you at least four weeks' notice in writing if we change the rent. The Notice will state the new rent and when you must start to pay it.
Changes to the rent. 1. The rent is reviewed once per year; namely, following December 31st (annual statement of accounts). If through the review it is demonstrated that the current running costs have increased (i.e. costs are not covered), or that the costs to be covered by the basic rent are higher than those previously calculated, then the tenant is required to pay a correspondingly increased rent. The landlord will inform the tenant of the nature, the amount and time of the change. Within the process of rental increases, the tenant, or representative student bodies (finance committee of the SSV), are provided with a right of access to the annual accounts.
Changes to the rent. 1. The rent is reviewed once per year, on December 31st (annual statement of accounts). If the review shows that the current running costs have increased (i .e. costs not covered/under coverage), or that the costs to be covered by the basic rent are higher than previously calculated, the tenant is required to pay a correspondingly increased rent. The landlord will inform the tenant of the nature, amount and time of the change. The process of increasing the rent gives the tenant or the representative student bodies (finance committee of the SSV) the right to gain access to the annual accounts.
2. Over-coverage will be credited to the maintenance reserve and does not result in a reduction of the rent.
3. The tenant is required to pay the increased rent from the first day of the month following the notice if the landlord does not select a later time (e.g. start of semester) in the notice of increase.
4. Regardless of the rent-increasing process of sections 1 to 3, rent increases by the main landlord result in an immediate increase in the rent.
Changes to the rent and other charges
Changes to the rent. We can increase or decrease the Rent which you pay for the Property by giving you not less than one month’s notice in writing in accordance with section 13 of the Housing ▇▇▇ ▇▇▇▇. The notice in writing will tell you the new Rent. The Rent will normally be reviewed during April every year. If you think the rent increase is unreasonable, you can appeal to a Rent Assessment Committee. The Rent Assessment Committee will set a market rent for the Property. This amount could be more or less than the Rent we set.