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Common use of Prepayment of Rents Clause in Contracts

Prepayment of Rents. Borrower will not receive or accept Rent under any Lease (whether a residential Lease or a Non-Residential Lease) for more than 2 months in advance.

Appears in 105 contracts

Samples: Loan Agreement, Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)

Prepayment of Rents. Borrower will not receive or accept Rent under any Lease (whether a residential Lease or a Non-Residential Lease) for more than 2 months in advance, except that Borrower may accept the last month’s Rent under any Lease at the time the tenant enters into such Lease.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (New England Realty Associates Limited Partnership)

Prepayment of Rents. Borrower will not receive or accept Rent under any Lease (whether a residential Lease or a Non-Residential Lease) for more than 2 months in advance.. 6.06

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)