Common use of DEMISE AND RENT Clause in Contracts

DEMISE AND RENT. The Landlord with limited title guarantee demises the Property to the Tenant together with the Rights reserving to the Landlord the Reservations to hold to the Tenant for the Term paying as Rent: the Initial Rent to be paid yearly (and proportionately for any part of a year) by equal quarterly instalments in advance on the Rent Payment Days (the first payment to be made on the Rent Commencement Date for the period from the Rent Commencement Date to the next Rent Payment Day); and the Additional Rent on the Additional Rent Payment Day; and the Insurance Rent within 14 days of written demand; and any other sums which are or may at any time become due from the Tenant to the Landlord under this Lease.