Common use of Lease Reservation Fee Clause in Contracts

Lease Reservation Fee. By agreement of Landlord and Tenant, the Lease Reservation Fee shall be applied against the first Monthly Installment of Base Rent due under the Lease, and Tenant shall timely pay Landlord any balance due for the first month’s rent.

Appears in 5 contracts

Samples: Lease, Lease, Maryland Lease

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Lease Reservation Fee. By agreement of Landlord and Tenant, the Lease Reservation Fee shall be applied against the first Monthly Installment of Base Rent due under the Lease, and Tenant shall timely pay Landlord any balance due for the first month’s rent.

Appears in 4 contracts

Samples: College Park Lease, Lease, College Park Lease

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Lease Reservation Fee. By agreement of Landlord and Tenant, the Lease Reservation Fee shall be applied against the first Monthly Installment of Base Rent due under the Lease, and Tenant shall timely pay Landlord any balance due for the first month’s rent. In the event Tenant fails to execute a Lease or take possession of the Premises, the Lease Reservation Fee shall be forfeited to Landlord; subject to Paragraph 1.k. herein.

Appears in 1 contract

Samples: College Park Lease

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