Common use of Rent 2 Clause in Contracts

Rent 2. 1 .1 You must pay the Rent during the Tenancy Period in accordance with Part 1 of the Schedule. 2 .1 .2 The obligation to pay the Rent applies irrespective of your individual course dates (which may start later or finish earlier than the Tenancy Period) and irrespective of when or if you actually move into the Accommodation. 2 .1 .3 If the whole or any part of the Rent remains unpaid you must pay interest at the rate of 3% above the base rate of Clydesdale Bank plc from time to time on the outstanding amount from the due date of payment until payment is received in full 2 .1 .4 If someone other than you pays the Rent this will not affect your responsibilities under the Agreement or confer any rights or benefits on that party. 2 .1 .5 If this Tenancy continues after the stated end of the Tenancy Period the Rent will be the reviewed up to the then current market rental determined, failing agreement, by an arbiter appointed, failing agreement, by the Chairman for the time being of the Scottish Branch of the Royal Institution of Chartered Surveyors. We will give you a minimum of 4 weeks’ notice in writing of the reviewed Rent