First and Last Month’s Rent Sample Clauses

First and Last Month’s Rent. For applicants approved for the program by MOF, Service Managers may provide funding directly for first and last month’s rent, where the applicant has demonstrated to the Service Manager a need to receive the payment. Where Service Managers have a method for determining household need under the Community Homelessness Prevention Initiative Program, a similar process should be applied. The amount of first and last month’s rent shall not exceed the lesser of: • Twice the amount of the actual rent paid by the approved household; or • Twice the amount of 100 per cent of the CMHC AMR for an appropriately sized rental unit, based on household composition. MHO will flow these funds to Service Managers on a quarterly basis retroactively, in accordance with Service Manager quarterly reports. As indicated on the application form, participants must report any changes in personal information (e.g., household composition, address) as soon as possible to the ServiceOntario Information Centre. Subject to the following, recipients are not required to report an increase in income during the year or undergo a reassessment of the monthly benefit due to an increase in income. MOF will perform an in-year reassessment of recipient eligibility and/or monthly benefits under the following circumstances: • A recipient contacts the ServiceOntario Information Centre to request a reassessment due to a significant decrease of at least 20 per cent in household income (limited to one in-year reassessment each year). • A recipient contacts the ServiceOntario Information Centre to advise of a move to a different Service Manager area (this may affect AMR and therefore the monthly benefit received). • A recipient contacts the ServiceOntario Information Centre to advise of a permanent change to household composition. • A recipient contacts the ServiceOntario Information Centre to advise that they have started or stopped receiving assistance under the Xxxxxxx Xxxxx Xxx, 0000 or the Ontario Disability Support Program Act, 1997. • A recipient who is receiving social assistance contacts the ServiceOntario Information Centre to advise of a change (increase or decrease) in shelter costs. • A Service Manager or recipient advises the ServiceOntario Information Centre that they have ceased to be eligible on certain grounds for continued eligibility (e.g., the recipient is receiving another government-funded housing benefit). When performing an in-year review, MOF will request the necessary information ...
AutoNDA by SimpleDocs
First and Last Month’s Rent. The first and last month's rent in the amount of Ninety-Six Thousand Four Hundred Fifty-Six and No/100 Dollars ($96,456.00) will accompany this Lease. Landlord acknowledges that said amount shall be reduced by Five Thousand and No/100 Dollars ($5,000.00), which represents the credit for Tenant's contribution to the cost of construction drawings of the Premises as previously denoted in Paragraph 3.
First and Last Month’s Rent. Concurrently with the Lessee’s execution of this Lease, the Lessee shall deliver to the Lessor the sum of three hundred one dollars and sixty cents ($301.60) to be applied to the first and last month’s Rent, and for performance by Lessee of Lessee’s obligations hereunder, notwithstanding any other obligations of the Lessee as defined in this Lease. This amount shall not bear interest. Any balance shall be returned to Lessee at the expiration or sooner termination of this Lease, after satisfaction of any and all of Lessee’s obligations under this Lease.
First and Last Month’s Rent. A deposit equal to two month's rent is due at the time of acceptance of this Lease to the Landlord, to be applied to the first and last month's rent due under this Lease and/or for another reason as otherwise described in this agreement.
First and Last Month’s Rent. First and last month’s rent is due on the first day the property is overtaken by the tenant for lease. The amount will be for the firsts month’s prorated rent of for a total of . Should the lease be extended beyond the current lease, there will not be a request for an adjustment to reflect future last month’s rents, only the rent difference.
First and Last Month’s Rent. Lessor acknowledges receipt from Lessee of the sum of $ paid by Lessee representing the first (1st) and last month’s monthly rental under this Lease. Lessor and Lessee understand and agree that if the actual monthly rental for the last month’s rent exceeds the amount of deposit for the last month’s rent, then Lessee agrees to pay the difference to Lessor on or before the first (1st) day of the last month of the Lease Term.
First and Last Month’s Rent. Lessor will collect from Lessee, before or upon signing of this lease, an amount equal to two months rent plus applicable sales tax, to be applied toward the first and last rental months. This Sum is in addition to the security deposit sighted in Paragraph 15.
AutoNDA by SimpleDocs
First and Last Month’s Rent. The first and last month’s rent in the amount of Ten Thousand Three Hundred Twenty-Four and 17/100, Dollars ($10,324.17) shall accompany this Lease, when returned for approval by the Landlord. If this Lease is not approved by the Landlord within thirty (30) days of its submission to the Landlord, the above sum will be refunded in full.
First and Last Month’s Rent. Upon the execution of this Lease, the Tenant shall pay to Landlord the first month’s rent and all sales tax thereupon ($7,000, plus sales tax). Tenant shall pay to Landlord the last month’s rent, plus sales tax, in two installments: $3,500.00 plus sales tax shall be payable on February 1, 2003; and $3,500.00 plus sales tax shall be payable on March 1, 2003. The last month’s rent shall be further adjusted in accordance with the Cost of Living Increase applicable at such time as the last month’s rent is due and said adjustment shall be paid at that time.

Related to First and Last Month’s Rent

  • MONTH'S RENT The Tenant is required to pay the first (1st) month's rent: (check one)

  • Annual Base Rent During the Initial Term Tenant agrees to pay Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Two Million Seven Hundred Fifty Thousand and 00/100 Dollars ($2,750,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). In addition to Annual Base Rent, Tenant agrees to pay as "ADDITIONAL RENT" (sometimes referred to as "ADDITIONAL RENT") all other charges payable by Tenant pursuant to the terms of this Lease. Annual Base Rent together with all such additional rent is collectively referred to herein as "RENT". Tenant shall pay Annual Base Rent and, except as provided otherwise herein, Additional Rent, in equal monthly installments on the first day of each month (each such equal monthly installment of Annual Base Rent is referred to herein as "MONTHLY BASE RENT"). If for any reason the Initial Term (or any Option Period) commences or ends on a day other than the first day of a calendar month (other than a termination resulting from a Default), then Rent for the first month and for the last month of the Term shall be prorated in the proportion that the number of days during the first and last months of the Term bears to the actual number of days in such months. All Rent shall be paid to Landlord, without prior demand or notice, in lawful money of the United States of America, at such place as Landlord may from time to time reasonably designate in writing and shall be due and payable on the first day of each month. Rent shall be paid to Landlord on the date due without notice or demand, and without abatement, deduction or set-off except as otherwise expressly set forth in this Lease. No payment by Tenant or receipt by Landlord of a lesser amount than the Annual Base Rent or Additional Rent, nor shall any endorsement or statement on any check or in any letter accompanying any check or payment, as Annual Base Rent or Additional Rent, be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of such Annual Base Rent and Additional Rent or pursue any other remedy provided in this Lease or by law.

  • Base Rent Commencing on the Rent Commencement Date, Tenant shall pay, without notice or demand, to Landlord at the address set forth in Section 3 of the Summary, or at such other place as Landlord may from time to time designate in writing, in currency or a check for currency which, at the time of payment, is legal tender for private or public debts in the United States of America, base rent (“Base Rent”) as set forth in Section 8 of the Summary, payable in equal monthly installments as set forth in Section 8 of the Summary in advance on or before the Rent Commencement Date and, thereafter, the first day of each and every month during the Lease Term, without any setoff or deduction whatsoever. Concurrently with Tenant’s execution of this Lease, Tenant shall deliver to Landlord an amount equal to $475,149.74, which amount shall be comprised of the following: (i) the Base Rent payable by Tenant for the Premises for the first (1st) full month of the Lease Term following the Rent Commencement Date (i.e., $383,551.88); and (ii) the Estimated Expenses (as defined below) payable by Tenant for the Premises for the first (1st) full month of the Lease Term (i.e., $91,597.86). If any rental payment date (including the Lease Commencement Date with respect to the Base Rent or the Rent Commencement Date with respect to Estimated Expenses) falls on a day of the month other than the first day of such month or if any rental payment is for a period which is shorter than one month, then the rental for any such fractional month shall be a proportionate amount of a full calendar month’s rental based on the proportion that the number of days in such fractional month bears to the number of days in the calendar month during which such fractional month occurs. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis. For the avoidance of doubt, Tenant’s obligation for the payment of Base Rent shall commence on the Rent Commencement Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!