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.
Rent and Security Deposit. (if applicable). Renter will pay the Town a rental fee of $ at the signing of this Rental Agreement. Renter will also pay the Town a security deposit of $ at the signing of this Rental Agreement.
Rent and Security Deposit a. The monthly rent for the property is ₹10,000.00 (Ten Thousand Rupees only) per month.
b. The tenant agrees to pay the monthly rent on or before 5th day of each month.
c. A security deposit of ₹20,000.00 (Twenty Thousand Rupees only) has been paid by the tenant to the landlord and this amount will carry no interest. The security deposit shall be refunded at the end of the tenancy period, subject to deductions for any damages or outstanding dues.
Rent and Security Deposit. Lessee covenants, stipulates and agrees to pay to Lessor as rent for the Leased Premises the following:
3.1 Lessee shall pay to Lessor monthly rental payments in the amount of $4,309.50 each.
3.2 At the conclusion of each Lease Year during the term of this Lease Agreement (the "Adjustment Date"), the monthly rent as specified herein shall be adjusted according to the following terms. The adjusted rent shall be based on the percent change in the CPI published by the Bureau of Labor Statistics of the United States Department of Labor for All Urban Consumers, U.S. City Average (All Cities) for All Items with the index base being the current official base of 1982 -1984 = 100 (hereafter the "CPI"). The monthly rent due following each Adjustment Date shall be increased by a percentage of the initial rent determined by comparison of the CPI on the Adjustment Date to the CPI of the Base Month. The "Base Month", for purposes of the rent adjustment provided herein shall be February, 2004. The adjusted rent shall be computed by creating a fraction, the denominator of which is the CPI for the Base Month. The numerator of which shall be the CPI on the Adjustment Date. This fraction shall be multiplied by the initial rent of $4,309.50 to determine the amount of the adjusted rent. The adjusted monthly rent shall be the rent due hereunder during the next ensuing Lease Year until the next Adjustment Date. In no event, however, shall the amount of adjusted rent due be reduced below the rent of $4,309.50 per month.
3.3 In the event that the CPI for the Adjustment Date is not published or not available on the Adjustment Date, Lessee shall continue paying rent at the last effective rate until the CPI for the Adjustment Date becomes available. At that time the rent shall be adjusted as provided herein and Lessee shall pay to Lessor the difference between the rent due under the proper adjustment from the Adjustment Date to the date the adjusted rent is calculated and the amount of rent actually paid during that period.
3.4 In the event the publication of the CPI identified above is discontinued, the parties hereto shall thereafter accept comparable statistics on the cost of living as they shall be computed and published by an official agency or department of the United States of America or by a responsible financial entity of recognized authority then to be selected by the parties hereto, making such revisions as the circumstances may require to carry out the intent of this para...
Rent and Security Deposit. This part of the room rental lease agreement talks about the rent and security deposit. Monthly rent will be paid to the landlord per month which is due on the first of each calendar month unless the agreement takes off halfway into the month. In that case, it would be prorated. It is important to note that the rent can be paid in cash, check or any other forms as agreed by both parties and the tenant is expected to pay a security deposit as a form of insurance for any damage caused by the tenant. 5. Utilities: The rent will form part of utilities except as indicated otherwise. That means the tenant will responsible of paying a percentage of the gas, internet, garbage, and other charges. You can create a document to reflect these areas.
Rent and Security Deposit. The Town/Village does not currently charge for the use of most of it’s facilities but reserves the right to do so and or to collect a security deposit.
Rent and Security Deposit. Renter will pay the Town a rental fee of $60.00 and a security deposit of $50.00 both to be paid at the time the Renter picks up the keys to the Town Hall.
Rent and Security Deposit. Rent (as defined below) shall accrue hereunder from the Commencement Date set forth in Item 8 of the Basic Lease Provisions. The Base Rent (defined below) plus the Additional Rent (defined below) together with any other sums payable by Tenant under this Lease shall collectively constitute the “Rent.”
Rent and Security Deposit a. Lessee shall pay Lessor rent as for the leased premises the sum of per month through December 31 of the year of this Lease and then effective January 1 of each succeeding year, the rent shall be increased by 3% per year, so long as this Lease is in effect.
b. Rent shall be due and payable on the first day of each month and if not paid within fifteen days of the due date, Lessee shall pay a late charge of ten percent (10%) of the monthly rental amount. If Lessee becomes delinquent in the payment of the rent for more than thirty (30) days, or violates any of the terms of the Agreement, the same shall be deemed a breach of this agreement and Lessor, at its option, may terminate this Agreement and upon notice to Lessee, Lessee shall promptly remove the aircraft and all other items located in the leased hangar. If Lessee fails to comply with the aforementioned notice within five (5) days from date of the notice, Lessor shall cause all contents in the leased hangar, including any aircraft to be removed at Lessee’s expense.
c. Lessee shall pay Lessor a security deposit equal to one month’s rent upon execution of this agreement.
Rent and Security Deposit. 2 4. Taxes....................................................... 2 5.
