Common use of HOLDOVER WITH PENALTY Clause in Contracts

HOLDOVER WITH PENALTY. If Tenant holdovers (extends) beyond the end of the Agreement term or after proper 30-days notice to vacate has been given, or beyond a different move-out date agreed to by the parties in writing, and Landlord does not authorize the holdover, rent for the holdover period shall be increased by $25 per day or 25% of the then-existing rental, whichever is greater; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of extension by delivering written notice to Tenant or Premises while Tenant is still holding over. Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement all advertising expenses incurred by Landlord to secure a replacement Tenant, which was negated by the current Tenant’s unauthorized holdover.

Appears in 10 contracts

Samples: Rental/Lease Agreement, Rental/Lease Agreement, Rental/Lease Agreement

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HOLDOVER WITH PENALTY. If Tenant holdovers (extends) beyond the end of the Agreement term or after proper 30-30- days notice to vacate has been given, or beyond a different move-out date agreed to by the parties in writing, and Landlord does not authorize the holdover, rent for the holdover period shall be increased by $25 per day or 25% of the then-existing rental, whichever is greater; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of lease extension by delivering written notice to Tenant or Premises while Tenant is still holding over. Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement all advertising expenses incurred by Landlord to secure a replacement Tenant, which was negated by the current Tenant’s unauthorized holdover.

Appears in 2 contracts

Samples: Rental/Lease Agreement, Rental/Lease Agreement

HOLDOVER WITH PENALTY. If Tenant holdovers (extends) beyond the end of the Rental Agreement term or after proper 30-days notice to vacate has been given, or beyond a different move-out date agreed to by the parties in writing, and Landlord does not authorize the holdover, rent for the holdover period shall be increased by $25 per day or 25% of the then-existing rental, whichever is greater; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of lease extension by delivering written notice to Tenant or Premises while Tenant is still holding over. over Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement of all advertising expenses incurred by Landlord to secure a replacement Tenanttenant, which was negated by the current Tenanttenant’s unauthorized holdover.

Appears in 2 contracts

Samples: Rental / Lease Agreement, Rental / Lease Agreement

HOLDOVER WITH PENALTY. If Tenant holdovers (extends) remains in the Premises beyond the end terms of the Agreement term this Rental Agreement, or after proper 30-days notice to vacate has been given, or beyond a different diPerent move-out date agreed to by the parties in writing, and Landlord does not authorize the such holdover, rent for the holdover period shall be increased by $25 per day or 25125% of the then-existing rental, whichever is greaterRent being charged at the time; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of lease extension by delivering written notice to Tenant or Premises while Tenant is still holding over. Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement of all advertising expenses incurred by Landlord to secure a replacement Tenanttenant, which was negated by the current Tenanttenant’s unauthorized holdover.

Appears in 1 contract

Samples: Residential Lease Agreement

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HOLDOVER WITH PENALTY. If Tenant holdovers (extends) beyond the end of the Rental Agreement term or after proper 30-days notice Days Notice to vacate Vacate has been given, or beyond a different move-out date agreed to by the parties in writing, and Landlord does not authorize the holdover, rent for the holdover period shall be increased by $25 per day or 25% of the then-existing rental, whichever is greaterRental Agreement; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of lease extension by delivering written notice to Tenant or Premises while Tenant is still holding over. Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement of all advertising expenses incurred by Landlord to secure a replacement Tenanttenant, which was negated by the current Tenant’s unauthorized holdover.

Appears in 1 contract

Samples: Rental Lease Agreement

HOLDOVER WITH PENALTY. If Tenant holdovers (extends) beyond the end of the Rental Agreement term or after proper 30-days days’ notice to vacate has been given, or beyond a different move-out date agreed to by the parties in writing, and Landlord does not authorize the holdover, rent for the holdover period shall be increased by $25 per day or 25% of the then-existing rental, whichever is greater; and at Landlord’s option, Landlord may extend the lease term for up to one month from date of notice of lease extension by delivering written notice to Tenant or Premises while Tenant is still holding over. Holdover rents shall be due in advance and delinquent without notice or demand. Additionally, Tenant will be held responsible for the reimbursement of all advertising expenses incurred by Landlord to secure a replacement Tenant, which was negated by the current Tenant’s unauthorized holdover.

Appears in 1 contract

Samples: Lease Agreement

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