Rent and Deposits Sample Clauses

Rent and Deposits. Rent is due on the first day of each month. Tenant agrees to pay an additional 10% of the amount due as a late charge if rent is not received by the 5th of the month. Landlord has the right to serve a notice to pay rent or quit on the second day of each month. There is no grace period for the payment of rent. Landlord will keep the security deposit to assure performance under this Lease and will return it to Tenant at the end of the Lease less any unpaid rent, late charges, cost of repairs to the Suite, legal costs, or other related charges.
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Rent and Deposits. 3.1 Tenant shall pay monthly rent ("Rent") to Landlord for the Leased Parking Area on the first day of each month during the term of this Lease. At Landlord's request, Tenant shall pay all Rent due under this Lease by direct deposit to such account as Landlord may designate from time to time. In the event that the first day of the term of this Lease is other than the first day of a calendar month, the rent for the initial partial month shall be prorated accordingly and shall be due and payable on the first day of the term of this Lease. 3.2 The Rent shall be equal to the product of the number of parking stalls located in the Leased Parking Area multiplied by the prevailing market rate for the monthly rental of such parking stalls on an individual basis. Landlord and Tenant agree that, as of the date of execution of this Lease, the prevailing market rate for the monthly rental of the parking stalls in the Garage is $85 per month and the prevailing market rate for the monthly rental of the parking stalls in the Outside Parking Area is $65 per month. The initial Rent shall therefore be $4,840 per month (34 stalls in the Garage @ $85/month plus 30 stalls in the Outside Parking Area @ $65/month). 3.3 Landlord may adjust the Rent no more frequently than once in any calendar year to reflect the prevailing market rate for the monthly rental of the parking stalls located in the Leased Parking Area. Landlord shall provide at least thirty (30) days written notice to Tenant of the amount and effective date of any such Rent adjustment. There shall be no Rent adjustment during the first Lease Year of the Office Lease (as defined in the Office Lease). 3.4 Should any governmental taxing authority acting under any present or future law, ordinance or regulation levy, assess or impose a tax, excise or assessment (other than an income or franchise tax) upon or against or measured by rent, or any part of it, Tenant shall pay such tax, excise and/or assessment when due or shall on demand reimburse Landlord for the amount thereof, as the case may be. 3.5 Tenant shall deposit with Landlord fifty dollars ($50.00) for each Opener Device upon receipt (except for Opener Devices purchased by Tenant under this Lease). The deposit shall secure the return of each Opener Device to Landlord in good condition, ordinary wear and tear excepted. If Landlord sells or otherwise transfers the Property, Landlord may transfer the deposit(s) to the purchaser and Tenant shall look solely to such purc...
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Rent and Deposits. Rents under this Agreement, which shall be paid without deduction or offsets, shall be as follows: Basic or Base Rent per month: $495.00, EXCLUDING utility charges. Returned Check Fee $ 25.00 per returned check. Pet Fee for 2nd pet $ 25.00 , per month. (No more than 2 pets per space) Notice Fee $ 25.00 per notice for all legal notices. Other $ In all instances, rent shall be payable on the first day of each month at the Landlord’s mailing address without notice or demand and rent forwarded by mail shall not be deemed paid until it is received by the Manager at Manager’s Office. Tenant shall pay in addition to the rent, all transaction, privilege, sales, or similar taxes applicable to rent. No cash will be accepted as payment. Landlord, at Xxxxxxxx’s full discretion, may allow additional forms of payment methods, i.e. web and electronic based payments with possible discounts for those form of payments and tenants that are in full compliance with this agreement and the Rules and Regulations of the Park.
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Rent and Deposits. 2.1 The net rent for the season is , which shall be paid as follows: • 50% of the preceding price, paid as a rental deposit at the moment of reserving the property. • Remaining 50% to be paid 30 days before the Guest enters the property. 2.2 Prior to entering the property, the Guest shall deliver the landlord’s security deposit of _ . That landlord’s deposit shall be returned at the end of the Lease, once the home is checked. The deposit shall be refunded within 14 days of the Checkout Date. Deductions will be made due to: i. damage to the property or furnishings; ii. dirt or other mess requiring excessive cleaning; or iii. any other costs incurred by Homeowner due to Guest’s stay.
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Rent and Deposits. 11.1 The rent year runs from the 29th September to 28th September each year. Tenants taking up an allotment within the rent year will normally be invoiced for the remainder of the year with a pro rata amount. 11.2 The Tenant must pay the invoiced rent within 30 days of the due date. Failure to do so may result in the tenants being served notice and/or an additional 20% surcharge, as well as an administration fee. 11.3 A refundable deposit, currently £50, is required from all tenants which will be refunded when the plot is relinquished in satisfactory order. 11.4 A Tenant may voluntarily relinquish their allotment at any time, or have their tenancy terminated for breach of the Tenancy Agreement or Allotment Rules before year end but no rebate will be payable unless the plot is surrendered in good condition within the initial 3 month probationary period.
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Rent and Deposits. 4.1 Net-Net-Net Lease This is a net-net-net (“triple net”) lease. It is the intention of Landlord and Tenant that the Base Monthly Rent (as defined below) and other sums and charges provided herein, including property taxes, repairs and routine maintenance, and insurance, shall be absolutely net to Landlord. Except as otherwise specifically set forth in this Lease, Tenant shall pay, as additional rent, all Property Taxes and Other Charges as those terms are defined in Section Eight hereunder, of every kind and nature against or relating to the use, occupancy, possession, operation, maintenance or repair of the Properties, which may arise or become due during the term hereof, whether or not now customary or within the contemplation of the parties hereto.
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Rent and Deposits 
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Related to Rent and Deposits

  • Rent and Security Deposit i. Tenant agrees to pay to Landlord for the Leased Premises in lawful money of the United States rent for the first twelve (12) months of the term hereof at the rate of Fifteen Dollars ($15.00) per square foot of occupied space, in advance, except that the monthly installment which otherwise shall be due on the commencement date recited above, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the commencement date; further provided, that the rental payment for any fractional calendar month at the commencement or end of the Lease term shall be prorated. The rate charged for rent shall increase by $0.50 (Fifty Cents) per year for each such succeeding twelve (12) month period. ii. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of One Thousand Dollars ($1,000.00), which sum shall be held by Landlord, without obligation for interest, as security for the full, timely and faithful performance of Tenant's covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such funds to the extent necessary to make good any arrears of rent or other payments due to Landlord hereunder, and any other damage, injury, expense or liability caused by any event of Tenant's default; and Tenant shall pay to Landlord on demand the amount so applied in order to restore the security deposit to its original amount. Although the security deposit shall be deemed the property of Landlord, any remaining balance of such deposit shall be returned by Landlord to Tenant at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled. Subject to the other terms and conditions contained in this Lease, if the Building is conveyed by Landlord, said deposit may be turned over to Landlord's grantee, and if so, Tenant hereby releases Landlord from any and all liability with respect to said deposit and its application or return.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • RENT AND CHARGES To pay the Rent at the times and in the manner specified in The Particulars whether or not it has been formally demanded.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables. (b) The proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 shall be deposited in the Collection Account.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Securities and Deposits The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.

  • Tenant Deposits All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant and licensee security deposits, but only to the extent they are credited or transferred to Purchaser.

  • Prepaid Rent Tenant shall, upon execution of this Lease, pay to Landlord the amount set forth in Article 1 as "First Month's Prepaid Rent" as prepayment of rent for credit against the first payment of Base Monthly Rent due hereunder.

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Security Deposit Tenant has deposited with Landlord the sum specified in Section 1(a)(12). Said deposit shall constitute advance rental and shall be held by Landlord as security for the faithful performance by Tenant of all the terms, covenants and conditions of this Lease to be kept and performed by Tenant during the Lease Term. If, at any time during the Lease Term, any payment of Minimum Annual Rent or Additional Rent herein reserved shall be overdue and unpaid, the Landlord may, at its option, appropriate and apply any portion of said security deposit to the payment of any such overdue rent or other sum. Landlord shall have the unrestricted right (but not the obligation) to apply any part of the Security Deposit to cure any Default (as described in Section 20 hereof). In the event of the failure of Tenant to keep and perform any other items, covenants and conditions of the Lease to be kept and performed by Tenant, then Landlord, at its option, may appropriate and apply the entire security deposit, or so much thereof as may be necessary, to compensate Landlord for loss or damage sustained or suffered by Landlord due to such breach by Tenant. Should the entire security deposit, or any portion thereof, be appropriated and applied by Landlord for the payment of overdue rent, to cure any default, or other sums due and payable to Landlord by Tenant hereunder, then Tenant shall remit to Landlord, within ten (10) days of the written demand of Landlord, a sufficient amount in cash to restore the security deposit to the original sum. Tenant's failure to do so shall constitute a breach of the Lease. Should Tenant comply with all of said terms, covenants and conditions of the Lease and promptly pay all Minimum Annual Rent and Additional Rent herein provided as it falls due, then the security deposit shall be returned in full, without interest, to Tenant within thirty (30) days of the Expiration Date or earlier termination of the Term of this Lease. Tenant shall have no right to direct the application of any part of the Security Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord's interest in the building and/or the Leased Premises in the event that such interest is sold, and thereupon Landlord shall be discharged from any further liability with respect to such security deposit.

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