Rent and Late Charges Sample Clauses

Rent and Late Charges. The rent shall be the amount stated above. Rent is due the first day of each calendar month, in advance and without demand. If applicable, rent for the first month will be pro-rated starting from the date of execution of this Agreement. Operator reserves the right to require that rent and other charges be paid in cash, credit card, certified check or money order. Operator may change the monthly rent and other charges by giving Tenant twenty-eight (28) days advanced notice. The new rent shall become effective on the first day of the next month rent is due. Pre-paid rent is not refundable. If rent is not paid by the seventh (7th) day of the month due, Tenant agrees to pay a late fee as stated above each month until rent is paid in full. Tenant agrees to pay Operator the NSF charge stated above plus all bank charges for any dishonored check plus any late fees that must be paid in conjunction with the substituted check. These fees are considered additional rent and are to compensate Operator f or labor and other costs of collection. Tenant agrees to pay all collection and lien costs incurred by Operator. The unit size of the Leased Space stated above is approximate and there is no abatement or adjustment in rent if the Leased Space is smaller or larger than declared. The Tenant has inspected the Leased Space and acknowledges that the Leased Space is suitable for the Tenant’s purposes. Tenant shall not sublet or assign the Leased Space. Tenant warrants and acknowledges that no other person or persons will be acting on behalf of the Tenant. The Operator reserves the right to relocate Tenant at any time to any self-service storage space of comparable size. USE OF LEASED SPACE: Operator is not engaged in the business of storing goods for hire and exercises neither care, custody nor control over Tenant’s stored property. Tenant agrees to use the Leased Space only for the storage of property wholly owned by the Tenant. Tenant shall not occupy the Leased Premises as a residence or sleep in the unit. Tenant waives any claim for emotional or sentimental attachment to the stored property located in the Leased Space. Nothing herein shall constitute any agreement or admission by Operator that Tenant’s stored property has any value, nor shall anything alter the release of Operator’s liability as set forth in this Agreement. Tenant is strictly prohibited from storing or using materials in the Leased Space, and/or on the Facility, classified as hazardous, toxic and/or illega...
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Rent and Late Charges. Commencing on March 1, 2008 (“Rent Commencement Date”), and during the remaining term of this Lease and any renewals or extensions hereof, Tenant shall pay Landlord equal monthly installments of Base Rent (as defined in Sections 5.2 and 5.3 below) and Additional Rent (as defined in Sections 5.4 below). As used herein, the term “Rent” shall mean Base Rent and Additional Rent. All Rent plus applicable Sales Tax due hereunder shall be paid in equal monthly installments, in advance, on the first day of each and every month during the Term hereof, without deduction, diminution or setoff. If in the event the term of this Lease commences on a day other than the first business day of a calendar month, the Tenant shall pay to the Landlord, on or before the Rent Commencement Date of the term, a pro rata portion of the monthly installment of Rent, such pro rata portion to be based on the number of days remaining in such partial month after the Rent Commencement Date of the term. If any installment of Rent or any payment due Landlord under this Lease shall remain overdue for more than ten (10) days, a late charge in an amount equal to four percent (4%) above the prime rate of interest published by LaSalle National Bank of Chicago, Illinois from time to time from the date due until paid. Tenant’s covenant to Pay Rent shall be independent of every other covenant in this Lease. Additionally, upon the making of a delinquent payment of Rent more than twice during any fiscal year of this Lease, or should any payment of Rent be dishonored by the bank upon which the Rent is paid, Landlord may require any future payments of Rent be in the form of a cashier’s check or wire transfer. Any charges becoming due under this Paragraph shall be deemed to be Additional Rent. All payment of Rent and other sums due hereunder shall be paid to Landlord at Suite 100, 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX, Xxxx Xxxxx, Xxxxxxx 00000, or at such other address as the Landlord may, from time-to-time, designate.
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Rent and Late Charges. 3.01. Tenant agrees to pay for the use and occupancy of the Premises during the entire Term of this Lease, at the times and in the manner herein provided, the Monthly Rent (as adjusted) described below. As used in this Lease, the term "Rent" means, collectively, the Monthly Rent (as adjusted) and any other charges, sums or amounts to be paid by Tenant described in this Lease.
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Rent and Late Charges. In addition to the Lease Payments described above, Tenant shall pay the following: (check only those items that apply) a security deposit of $ to be paid upon signing the Lease. advance rent in the amount of $ for the Rental Installment Periods of to be paid upon signing the Lease. a pet deposit in the amount of $ to be paid upon signing the Lease. a late charge in the amount of $ for each Lease Payment made more than number of days after the date it is due. a bad check fee in the amount of $ (not to exceed $20.00, or 5% of the Lease Payment, whichever is greater) if Tenant makes any Lease Payment with a bad check. If Tenant makes any Lease Payment with a bad check, Landlord can require Tenant to pay all future Lease Payments in cash or by money order.
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Rent and Late Charges. In consideration of the use of the rented space as set forth herein, Xxxxxxxx agrees to pay to Undercover monthly rent in the amount set forth above and agrees that said amount shall be due and payable in advance before the first (1st) day of each month. Rent is due for each month the property is stored on the premises. There will be no refund of rent for space vacated before the end of the rental term. Monthly payments and any additional charges accrued against the account will be automatically and electronically debited from Occupants credit card or bank account identified above on the first day of each month. Initial charges for accounts beginning on a date other than the first of the month shall be prorated and electronically debited from Occupants account on the date the account is created. Thereafter, charges will be debited monthly on the first day of the month. Occupant hereby authorizes Undercover, as the originator, to initiate debit entries to the credit card or bank account of Occupant identified above at the depository or financial institution so identified for all charges due from Occupant to Undercover. It is the responsibility of Occupant to notify Undercover of any changes in credit card or financial account information. Rental charges due to Undercover which are rejected or refused by the credit card or financial institution, for whatever reason, shall incur a $25.00 late payment fee and an additional $50.00 credit card/ACH return charge. Rental charges and late fees which remain unpaid 15 days after the due date shall result in the placing of a padlock or other locking mechanism on the property, the deactivation of Occupant’s entry code and the exclusion of Occupant from the storage premises until all rental charges, including late fees and return charges, are paid in full. Undercover reserves the right to change or increase the monthly rental rate upon 30 days written notice to Occupant at the address or email address set forth above.
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Rent and Late Charges a) The Tenant shall pay the monthly rent for the Unit in the amount stated in the Lease Addendum. The Tenant’s rent shall be payable on or before the first day of each month. Payment of the rent for the first month of the Lease, and the Security Deposit, shall be paid on or before the date the Tenant signs the Lease. The Lease shall not be in effect until the Tenant pays rent for the first month of the Lease, and the Security Deposit. b) For each month in which the rent is received after the fifth day of the month, the Tenant shall pay $10.00, plus 5% of the amount by which the rent exceeds $500. Repeated late payment of rent may result in termination of the Lease as described in paragraph 13 of the Lease, whether or not the Tenant pays the charges for late payment of rent.
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Rent and Late Charges. During the term hereof, Lessee shall pay to Lessor, without deduction or offset by Lessee, rent for the Premises in the sum of FOUR THOUSAND FOUR HUNDRED FORTY-TWO AND 25/100 DOLLARS ($4,442.25) PLUS BASE YEAR ESTIMATED TRIPLE NET CHARGES IN THE SUM OF FIVE HUNDRED TWENTY AND NO/100 DOLLARS ($520.00) FOR A TOTAL PAYMENT IN THE SUM OF FOUR THOUSAND NINE HUNDRED SIXTY-TWO AND 25/100 DOLLARS ($4,962.25) per month beginning May 1, 1992 through April 30, 1993. The rents shall be payable monthly in advance on the first day of each and every calendar month during the term hereof, commencing on the first day of the first calendar month following the commencement of the lease term. Any rental payment for any fractional month during the term hereof shall be prorated and payable on the next rent payment date. All rent payments more than ten (10) days past due shall bear a late charge of ten percent (10%) of the amount due plus Five Dollars ($5.00) per day from the tenth day following the date such payment became due until the entire amount and late charges are paid in full. In conjunction with monthly rent payments, Lessee shall each month pay a sum representing Lessee's proportionate share of real property taxes, insurance and common area expenses for the Premises. Such amount shall annually be estimated by Lessor in good faith to reflect actual or anticipated costs. Upon termination of this Lease or at periodic intervals during the term hereof, Lessor shall compute its actual costs for such expenses during such period. Any overpayment by Lessee shall be refunded or credited to Lessee at Lessee's option, and any deficiency shall be paid by Lessee within 15 days after receipt of Lessor's statement. Lessor's records of expenses for taxes, insurance and common area expenses may be inspected by Lessee at reasonable times and intervals. At any one year the charges for common area expenses excluding taxes and insurance shall not exceed more than six percent of previous year charges for common area excluding base year.
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Rent and Late Charges. The rental for the term is $ . per year, payable in monthly payments of $ . in advance on the day of each and every calendar month during the term of the Lease. Rental payments shall be made via check payable to “572 Jersey Avenue, LLC” and shall be delivered to Xxxxxx Property Management at the office listed above. If Tenant pays the monthly rent by personal check, Xxxxxx agrees it will be paid by no more than two (2) checks. Landlord may require, as additional rent, the payment of a late charge for any monthly payment not received as of the 5th day following the day on which rent is due. This charge shall be five percent (5%) of the monthly rent payment. Tenant acknowledges that rent is due and payable on the day of the month and there is no grace period as it relates to the rent being due, and the assessment of the late charge does not in any way alter the agreed upon fact that rent is due and payable on the day of the month. Landlord may also charge Tenant a fee of $50.00, as addi- tional rent, for every check that is not honored by the bank on which it is drawn. Landlord then reserves the right to xx- xxxx that further payments be made payable in cash or certified checks. Landlord reserves the right to pass along the costs of capital improvements, and increases in property taxes, water or sewer charges in accordance with applicable rent laws.
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Rent and Late Charges 
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Related to Rent and Late Charges

  • Interest and Late Charges If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is obligated to pay under the terms of this Lease, the unpaid amounts shall bear interest at the maximum rate then allowed by law. Tenant acknowledges that the late payment of any Monthly Installment of Base Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease, including without limitation, administrative and collection costs and processing and accounting expenses, the exact amount of which is extremely difficult to ascertain. Therefore, in addition to interest, if any such installment is not received by Landlord within ten (10) days from the date it is due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of such installment. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the loss suffered from such nonpayment by Tenant. Acceptance of any interest or late charge shall not constitute a waiver of Tenant's default with respect to such nonpayment by Tenant nor prevent Landlord from exercising any other rights or remedies available to Landlord under this Lease.

  • Late Charges Lessee hereby acknowledges that late payment by Lessee to Lessor of rent and other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by the terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of rent or other sum due from Lessee shall not be received by Lessor or Lessor's designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Lessee. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee's Default or Breach with respect to such overdue amount, nor prevent Lessor from exercising any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any other provision of this Lease to the contrary, Base Rent shall, at Lessor's option, become due and payable quarterly in advance.

  • Late Charge If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled payment.

  • 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.

  • 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.

  • Additional Rent (a) The Rentable Area in the Building is stipulated to be 285,773 square feet. Tenant shall, from time to time during the term of the Lease, pay as additional rent hereunder, an amount, per each square foot of Rentable Area within the Premises, equal to the excess ("Excess") in actual Basic Costs, over the actual 1993 Basic Costs per square foot of Rentable Area in the Building. Commencing on the fourth (4th) anniversary of the date of this Lease, Tenant shall begin paying the Excess in accordance with the provisions of this paragraph. (b) Landlord shall also have the right to make a good faith estimate of the Excess for each upcoming calendar year and upon thirty (30) days' notice to Tenant to require the monthly payment by Tenant of one-twelfth (1-12th) of such estimated Excess, but in no event shall any such estimate be based on Basic Costs which exceed the actual Basic Costs for the previous calendar year. (c) By April 1 of each calendar year following the year during which the Lease Term begins, or as soon thereafter as practical, Landlord shall furnish to Tenant a statement of Landlord's actual Basic Costs for the previous calendar year, and Landlord shall notify Tenant of the amount of the Excess owing by Tenant to Landlord, showing the calculations thereof which result from such statement. Tenant agrees to promptly pay Landlord, as additional rent, all Excess which has not been previously paid as estimated Excess. If for any calendar year additional rent collected for the prior year, as a result of Landlord's estimate of Excess, is greater than the additional rent actually due during such prior year, then Landlord shall refund to Tenant any such overpayment. (d) Notwithstanding the foregoing provisions of this Lease to the contrary, for purposes of calculating the Excess under this Lease, in no event shall Controllable Basic Costs be increased in any calendar year after 1993 by more than five percent (5%) of the Controllable Basic Costs for the previous calendar year. For purposes hereof, "Controllable Basic Costs" shall mean all Basic Costs other than those enumerated in subsections (iii), (v), (vi) and (viii) of paragraph 2(j) of this Lease.

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • Late Charge and Interest Tenant acknowledges that late payment by Tenant to Landlord of Fixed Monthly Rent or Additional Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which are extremely difficult and impracticable to fix. Such costs include, without limitation, processing and accounting charges and late charges that may be imposed on Landlord by the terms of any encumbrance and note secured by any encumbrance covering the Premises. Therefore, if any installment of Fixed Monthly Rent or Additional Rent and other payment due from Tenant hereunder is not received by Landlord within seven (7) business days of the date it becomes due, Tenant shall pay to Landlord on demand an additional sum equal to five percent (5%) of the overdue amount as a late charge. The parties agree that this late charge represents a fair and reasonable settlement against the costs that Landlord will incur by reason of Xxxxxx’s late payment. Acceptance of any late charge shall not constitute a waiver of Tenant’s default with respect to the overdue amount, or prevent Landlord from exercising any of the other rights and remedies available to Landlord. Every installment of Fixed Monthly Rent and Additional Rent and any other payment due hereunder from Tenant to Landlord which is not paid within twelve (12) days after the same becomes due and payable shall, in addition to any Late Charge already paid by Tenant, bear interest at the rate of ten percent (10%) per annum from the date that the same originally became due and payable until the date it is paid. Landlord shall xxxx Xxxxxx for said interest, and Tenant shall pay the same within five (5) days of receipt of Landlord’s billing. Notwithstanding the foregoing, Tenant shall not be assessed any late charge for the first late payment in each twelve (12) month period of the Term so long as Tenant pays such amount within five (5) business days of Tenant’s receipt of written notice from Landlord that such amount has not been paid.

  • Supplemental Rent Lessee shall pay to Lessor or the Person entitled thereto any and all Supplemental Rent promptly as the same shall become due and payable, and if Lessee fails to pay any Supplemental Rent, Lessor shall have all rights, powers and remedies provided for herein or by law or equity or otherwise in the case of nonpayment of Basic Rent. Lessee shall pay to Lessor as Supplemental Rent, among other things, on demand, to the extent permitted by applicable Legal Requirements, interest at the applicable Overdue Rate on any installment of Basic Rent not paid when due for the period for which the same shall be overdue and on any payment of Supplemental Rent not paid when due or demanded by Lessor for the period from the due date or the date of any such demand, as the case may be, until the same shall be paid. The expiration or other termination of Lessee's obligations to pay Basic Rent hereunder shall not limit or modify the obligations of Lessee with respect to Supplemental Rent. Unless expressly provided otherwise in this Lease or any other Operative Agreement, in the event of any failure on the part of Lessee to pay and discharge any Supplemental Rent as and when due, Lessee shall also promptly pay and discharge any fine, penalty, interest or cost which may be assessed or added for nonpayment or late payment of such Supplemental Rent, all of which shall also constitute Supplemental Rent.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

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